Department of Public Service - Cost-of-Service and Return on Equity Analysis - RFP - 2026
Vermont Department of Public Service | State of VermontState · Montpelier, VT- Due
- Nov 6, 2026
- 3 days left
- Posted
- Oct 9, 2026
- Contract term
- 4 years
- Primary contact
- Chelsea Vilord
- (802) 828-2811
The 30-second brief
The State of Vermont Department of Public Service seeks expert consulting services to conduct a comprehensive review of Vermont Gas Systems, Inc.'s (VGS) forthcoming cost-of-service (COS) base rate case filing, including proposed cost of capital, capital structure, and return on equity (ROE). The consultant will perform independent cost-of-equity analyses using discounted cash flow and capital asset pricing models, evaluate bond ratings and credit position, and review O&M, administrative, and general expenses, gas supply costs, revenue requirements, and tax and depreciation components. Additional responsibilities include supporting Department staff throughout regulatory proceedings before the Vermont Public Utility Commission by preparing discovery questions, drafting prefiled written testimony, responding to discovery, and providing live testimony in technical hearings. The contract period is for four years with an option to renew for up to one additional twelve-month period. Proposals are due by November 6, 2026, at 4:30 PM EST, with questions due by October 23, 2026.
Detailed work plan with issue identification and analytic approach; written reports including prefiled testimony with supporting schedules and recommendations; cost of capital study with supporting schedules presenting recommended cost of debt, Cost of equity, Capital structure, And overall rate of return; revised COS model outputs incorporating recommended adjustments and disallowances; discovery response support and cross-examination assistance; summary briefings and draft language for findings and orders; electronic copies of all written work products in original source application format and PDF.
Relevance and depth of experience, quality and clarity of proposed approach, cost effectiveness and resource efficiency, responsiveness to scope of RFP and Department objectives, absence of conflicts and ability to maintain objectivity
Bids like this start as pre-RFPs. Get the next ones early.
Get matched pre-RFPs freeFree account · 30-second setup · No credit card
Summary
The State of Vermont Department of Public Service seeks expert consulting services to conduct a comprehensive review of Vermont Gas Systems, Inc.'s (VGS) forthcoming cost-of-service (COS) base rate case filing, including proposed cost of capital, capital structure, and return on equity (ROE).
The consultant will perform independent cost-of-equity analyses using discounted cash flow and capital asset pricing models, evaluate bond ratings and credit position, and review O&M, administrative, and general expenses, gas supply costs, revenue requirements, and tax and depreciation components. Additional responsibilities include supporting Department staff throughout regulatory proceedings before the Vermont Public Utility Commission by preparing discovery questions, drafting prefiled written testimony, responding to discovery, and providing live testimony in technical hearings. The contract period is for four years with an option to renew for up to one additional twelve-month period. Proposals are due by November 6, 2026, at 4:30 PM EST, with questions due by October 23, 2026.
EVALUATION CRITERIA
5- Relevance and depth of experience
- Quality and clarity of proposed approach
- Cost effectiveness and resource efficiency
- Responsiveness to scope of RFP and Department objectives
- Absence of conflicts and ability to maintain objectivity
REQUIRED DELIVERABLES
7- Detailed work plan with issue identification and analytic approach
- Written reports including prefiled testimony with supporting schedules and recommendations
- Cost of capital study with supporting schedules presenting recommended cost of debt, Cost of equity, Capital structure, And overall rate of return
- Revised COS model outputs incorporating recommended adjustments and disallowances
- Discovery response support and cross-examination assistance
- Summary briefings and draft language for findings and orders
- Electronic copies of all written work products in original source application format and PDF
REQUIRED ATTACHMENTS
6- Cover Letter
- Technical Response
- Price Schedule
- Certificate of Compliance
- Certificate of Insurance
- IRS Form W-9
REQUIRED STAFFING
Service Category/Title of Positions
- Submit to
- [email protected]
- Duration
- 60 months
- Scope location
- Montpelier, VT
- Reported agency
- State of Vermont
Questions about this RFP
How do I respond to this RFP from Vermont Department of Public Service | State of Vermont?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is November 6, 2026. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected]. For questions, contact Chelsea Vilord.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Vermont Department of Public Service | State of Vermont in VT, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Chelsea Vilord at (802) 828-2811. Questions and answers are typically shared with all prospective bidders.
What staffing is required for this project?
This solicitation outlines specific staffing requirements. The required roles include: Service Category/Title of Positions. Proposers should demonstrate relevant qualifications and experience for each required role.
What are the key deliverables?
The solicitation specifies the following deliverables: Detailed work plan with issue identification and analytic approach; written reports including prefiled testimony with supporting schedules and recommendations; cost of capital study with supporting schedules presenting recommended cost of debt, Cost of equity, Capital structure, And overall rate of. Proposals should clearly address how each deliverable will be met.
Show 6 more questions
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Relevance and depth of experience, quality and clarity of proposed approach, cost effectiveness and resource efficiency, responsiveness to scope of RFP and Department objectives, absence of conflicts..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Vermont Department of Public Service | State of Vermont?
All active and historical solicitations from Vermont Department of Public Service | State of Vermont are tracked and searchable. As a state agency, Vermont Department of Public Service | State of Vermont regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 4 years. Contract terms may include renewal options.
Is this solicitation still open for submissions?
Based on the posted deadline of November 6, 2026, this solicitation appears to still be accepting submissions. Deadlines may change through amendments or addenda, so always verify the current status directly with the issuing agency before preparing your response.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Cover Letter, Technical Response, Price Schedule, Certificate of Compliance, Certificate of Insurance, IRS Form W-9. Additionally, proposals should address staffing requirements as outlined in the solicitation. Review the full document from Vermont Department of Public Service | State of Vermont for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Montpelier, VT. Review the full solicitation for detailed scope requirements.