Conway Corporation in Conway, Arkansas is soliciting proposals from qualified consulting firms to conduct a comprehensive electric cost-of-service study and rate design project. The engagement will involve a detailed evaluation of the utility's revenue requirements, historical financial performance, capital improvement plans, and cost allocation methodologies to ensure that rates equitably reflect the cost of providing service to each customer class.
The selected consultant will be responsible for analyzing Conway's existing customer classifications, current rate and fee structures, and costs associated with power, transmission, and distribution services. The consultant will develop recommendations for updated rate designs that support financial sustainability, maintain adequate reserves, and address long-term capital and operational needs. The project scope includes benchmarking Conway's rates against comparable utilities to provide context for rate design recommendations.
Additional deliverables include assessing future revenue needs across a multi-year planning horizon and presenting findings and recommendations to Conway Corporation management, the Board of Directors, and City Council. The consultant will provide a comprehensive analysis to support rate decisions and ensure the utility's financial health while maintaining equitable cost recovery from all customer classes.
Key Dates:
- Open Date: February 9, 2026
- Close Date: March 6, 2026