Energy
FERC's Hypothetical Capital Structure Incentive — Change is Afoot
On July 2, 2026, FERC Commissioners signaled they intend to reconsider their approach to evaluating and granting hypo...
NewGen Cost of Capital Team
· Jul 6, 2026
Energy
PJM at the Crossroads: Capacity, Load Growth, and the Limits of Governance Reform
Governors, the White House, and FERC have all trained their attention on how PJM makes decisions. But the pressures squeezing PJM — data center load growth, backlogged queues, supply chain and perm...
Matt King
· Aug 11, 2026
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Intelligence
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Water
The Day the Stormwater Fee Became a Tax in West Chester, PA
The Pennsylvania Supreme Court just reclassified municipal stormwater management charges as taxes. Here's what utilit...
Eric Callocchia
· Jun 9, 2026
Insight
The Hidden Cost of Getting Depreciation Wrong
Depreciation isn't glamorous, but getting it wrong can quietly erode a municipal utility's financial health for decad...
NewGen Depreciation Team
· Apr 27, 2026
Energy
FERC Opinion No. 594 Sets 9.57% Base ROE for New England Transmission Owners — What's Behind It?
In Opinion No. 594, FERC found New England Transmission Owners' 11.14% base ROE was unjust, replacing it with 9.57% —...
NewGen Cost of Capital Team
· Apr 3, 2026
Energy
NewGen Expands Regulatory Capabilities
NewGen is expanding its regulatory expert witness services by welcoming several senior professionals to the team, sig...
NewGen Strategies
· Mar 9, 2026
Insight
AI Fluency for Utility Leaders: The Concepts You Need to Know
A plain-language guide to artificial intelligence for utility executives and board members. Learn the vocabulary, eva...
Maxwell Bernt
· Apr 2, 2026
Training
Data Centers & Large Loads
Understanding how data center growth is reshaping utility cost recovery, rate design, and grid operations — from inte...
NewGen Strategies
· Mar 26, 2026
Training
Innovative Rate Design for the Modern Grid
How utilities can leverage advanced rate structures and load control programs to manage emerging technology adoption,...
NewGen Strategies
· Mar 26, 2026
Technology
Your AI Is a Yes-Man and That's a Problem
Most AI models are trained to agree with you. That's dangerous when utilities are making decisions that affect ratepa...
Maxwell Bernt
· Mar 26, 2026
Training
Understanding Demand vs. Energy
The single most important distinction in electric utility ratemaking — and the foundation of fair, defensible cost al...
NewGen Strategies
· Mar 25, 2026
Training
Electricity 101
From electrons to energy markets — the complete foundation for understanding how electricity is generated, delivered,...
NewGen Strategies
· Mar 25, 2026
Training
Introduction to Energy Markets
How wholesale electricity is bought, sold, and priced — from deregulation to real-time market clearing. The framework...
NewGen Strategies
· Mar 25, 2026