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Development of Comprehensive Financial Plan, including Cost of Service Study and Rate & Fee Analyses for Electric Service 2019 through 2023

Publication Date
01/29/2018 03:37 PM EST
Closing Date
02/28/2018 12:00 PM EST
Issuing Organization
City of Cleveland
Solicitation Number

Specifications include, but are not limited to: CPP will need to undertake a financial study and analyses in order to develop its schedule of Rates, Fees and Charges covering year’s 2019 through 2023. A full cost of service study has not been completed since the early 1980s. The Cost of Service Study and subsequent rate design development process is intended to provide justifiable and equitable methodologies for appropriate user fees that are adequate to fully fund the expenses associated with the power system, including operating and capital costs. This will include a review and evaluation of CPP’s current operating revenues and expenses and a comparison of similar utilities. In addition, while the Comprehensive Financial Plan to be developed for CPP will specifically cover the years 2019 through 2023, the selected consultant will also be required to study and consider the long term impacts any recommendations implemented as a result of this study will have upon the financial well-being of CPP. For the purpose of this study, this long term period shall be defined as the period from 2019 through 2034.

http://www.city.cleveland.oh.us/node/12478 (opens in a new window)

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