1. Obtain historical information, confirm significant assumptions regarding growth and costs, summarize and classify non-routine plant additions, and forecast consumption for the 2025 test year. 2. Compile a forecast in the PSCW prescribed format for the 2025 test year to support the rate study, including supplemental information related to cash flows and debt coverage to support the requested rate of return. 3. Facilitate discussions with management as needed to ensure all additional questions within the PSCW application are answered incorporating any changes desired by the water utility. 4. Provide a draft study to management for its review. Incorporate management’s comments into the study. 5. Meet with the governing body to review the study. 6. Prepare the final rate study and submit the application to the PSCW. 7. Review PSC information and proposed rates. 8. Assist management with the rate hearing and implementation of the new rates
