Summary

• Following a comprehensive periodic review of comparative regulatory risk across the US conducted in May, Regulatory Research Associates identified eight jurisdictions where current trends could lead to significant shifts in the near future; RRA refers to these jurisdictions as states to watch.
• Several of the states on the 'watch list' have ongoing generic proceedings on affordability that could give rise to changes in the regulatory framework, and in certain pending rate cases, affordability concerns are leading to challenges to the commission's long-held policies.
• RRA monitors and evaluates regulatory and public policy developments in the 53 state-level jurisdictions under coverage on an ongoing basis.

A confluence of factors, including but not limited to increasing affordability concerns, resource adequacy challenges, energy transition issues and increasing politicization due to the upcoming midterm elections, has created an increasingly adverse environment for utilities across the US. Even so, there