02 — Capability · BC-1510.40
Regulated Capital Plan
Turn network needs into a prioritized, multi-year capital plan that the regulator can review, approve and allow the utility to recover through rates or a price control.
- Distribution System Plan
- Business Plan Submission
- Grid Investment Plan
In scope
- Building the investment portfolio from planning needs
- Comparing wires and non-wires alternatives
- Prioritizing projects by risk, benefit and cost
- Investment justifications that support regulatory approval
Out of scope
- Asset-by-asset replacement planning (see BC-680.60.30)
- Corporate capital budgeting (see BC-220.10.40)
- Enterprise project portfolio prioritization and funding (see BC-180.10)
- Rate case and price control proceedings (see BC-1580.10)
Decomposes into · 4
- BC-1510.40.10Network Investment PortfolioAssemble growth, reliability, compliance and modernization projects into one multi-year plan with costs and timing.
- BC-1510.40.20Non-Wires Alternatives AssessmentTest whether storage, demand response or customer resources can meet a network need at lower cost than building new assets.
- BC-1510.40.30Network Project PrioritizationRank and select projects by risk reduced, benefits and cost within funding and resource limits.
- BC-1510.40.40Investment Justification CasesDocument the need, options and expected outcomes of each program in the form regulators require to approve and allow recovery.