Project Information

Bid Title

Perform and Manage Utility Regulatory Asset Depreciation Studies

Issuing Agency

State Government of Arkansas

Location

Arkansas

Published Date

Jun 23, 2026

Closing Date

Jun 26, 2026

Government Level

State & Local

Status

Closed

Ref. #

APSC-26-00106/23/2026 CDT

Original Source

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Bid Documents

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Project Description

Current Solicitations

Bid Information Bid Number: APSC-26-001 Agency: Arkansas Public Service Commission Amended: 06/23/2026 03:51 PM CDT Opening Date & Time: 06/26/2026 04:00 PM CDT Description: Perform and Manage Utility Regulatory Asset Depreciation Studies Buyer's Email: Brian.Sites@arkansas.gov

Bid Documents PDF XLS Other Web APSC-26-001 - Request for Proposal Technical Proposal Packet Questions and Answers Questions and Answers - Revised Addendum 1 Official Solicitation Price Sheet

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STATE OF ARKANSAS

ARKANSAS PUBLIC SERVICE COMMISSION

1000 Center Street

Little Rock, Arkansas 72203

REQUEST FOR PROPOSAL

SOLICITATION DOCUMENT

Solicitation Number:

Description:

Agency:

SOLICITATION INFORMATION

APSC-26-001

Solicitation Issued: June 4 2026

Independent Consulting Firm to Perform and Manage Utility Regulatory Depreciation

Studies and Related Utility Asset Issues Affecting Arkansas Ratepayers on the Behalf

of the General Staff of the Arkansas Public Service Commission.

Arkansas Public Service Commission

RESPONSE DUE DATE

Proposal Response Due Date: June 26, 2026

Time:

4:00 p.m., Central Time

Proposal submissions for this Request for Proposals must be delivered to the Arkansas Public Service

Commission on or before the submission deadline. Proposals received after the submission deadline may be

rejected as untimely. See Section 1.2 for information regarding Live Bid Openings.

Delivery Address and

RFP Opening Location

Proposal’s Outer

Packaging

DELIVERY OF RESPONSE DOCUMENTS

Arkansas Public Service Commission

Secretary of the Commission

1000 Center Street

P.O. Box 400

Little Rock, AR 72201

Delivery providers, USPS, UPS, and FedEx deliver mail to the delivery street

address on a schedule determined by each individual provider. These providers will

deliver based solely on the street address. Prospective Contractors assume all

risk for timely, properly submitted deliveries.

Seal outer packaging and properly mark with the following information. If outer

packaging of proposal submission is not properly marked, the package may be

opened for proposal identification purposes.

• Solicitation number

• Date and time of bid opening

• Prospective Contractor's name and return address

APSC Buyer:

ARKANSAS PUBLIC SERVICE COMMISSION CONTACT INFORMATION

Brian Sites

Buyer’s Direct Phone Number: 501.682.5879

Email Address:

brian.sites@arkansas.gov

APSC Main Number:

501.682.2051

APSC Website:

https://www.psc.state.ar.us

SECTION 1 – INFORMATION AND INSTRUCTIONS

1.1 INTRODUCTION

This Request for Proposal (RFP) is issued by the General Staff (Staff) for the Arkansas Public Service

Commission (APSC) to obtain pricing and a contract for professional services to manage and perform

utility depreciation studies for regulatory rate-making purposes. Additional analysis, evaluation, and

professional opinion regarding utility assets and depreciation issues may also be required.

Direct all communication regarding this Solicitation to the Buyer on page one (1) of the RFP.

1.2 LIVE PROPOSAL OPENING

Use the information below to view the proposal opening online or attend the proposal opening.

Virtual Meeting Link: Contact the buyer for additional information

Meeting ID: Contact the buyer for additional information

1.3 OBJECTIVE AND GOALS

The Staff for the APSC seeks to obtain pricing and a contract for professional services to

evaluate, manage and/or perform utility depreciation studies for regulatory rate-making

purposes. Additional analysis, evaluation, and professional opinion regarding utility assets and

depreciation issues may also be required.

1.4 BACKGROUND AND CURRENT ENVIRONMENT

The Staff of the APSC is involved in a wide variety of proceedings addressing complex regulatory issues

before the Commission. The Staff has developed substantial expertise in regulatory proceedings before

the Commission and will continue to perform the majority of the work in these proceedings. However,

because of the complexity, magnitude, and software costs associated with performing depreciation

studies, and their potentially prominent effect on customer rate base in the utility rate-making process, the

assistance of an expert Consulting Firm experienced in these matters and with access to PowerPlan or

proprietary software capable of performing depreciation studies is necessary to ensure the adequate

protection of the public interest in Arkansas. The RFP is being issued to engage an experienced

Consulting Firm to manage and perform utility depreciation studies for regulatory rate-making purposes in

electric, gas and water rate cases, as well as to potentially address other related utility asset and

depreciation issues.

1.5 TYPE OF CONTRACT

A. As a result of this RFP, the APSC intends to award a contract to a single Contractor.

B. The anticipated starting date for any resulting contract is August 1, 2026, except that the actual

contract start date may be adjusted unilaterally by the State for up to three (3) calendar months. By

submitting a signed proposal in response to the RFP, the Prospective Contractor represents and

warrants that it will honor its proposal as being held open as irrevocable for this period.

C. The initial term of a resulting contract will be for one (1) year. Upon mutual agreement by the

Contractor and APSC, the contract may be renewed for up to six (6) additional one-year terms or

portions thereof, not to exceed a total aggregate contract term of seven (7) consecutive years.

1.6 DEFINITION OF TERMS

A. Unless otherwise defined herein, all terms defined in Arkansas Procurement Law have the same

meanings herein.

B. “Prospective Contractor” means a responsible offeror who submits a proposal in response to this

Solicitation.

C. The terms “Request for Proposal,” “RFP,” and “Solicitation” are used synonymously in this

document.

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APSC-26-001

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D. “Requirement” means a term, condition, provision, deliverable, Specification, or a combination

thereof, that is obligated under the Solicitation, resulting contract, or both.

E. “Responsive Proposal” means a proposal submitted in response to this Solicitation that conforms in

all material respects to this RFP.

F. “Shall” and “must” mean the imperative and are used to identify Requirements.

G. “Specification” means any technical or purchase description or other description of the physical or

functional characteristics, or of the nature, of a commodity or service. “Specification” may include a

description of any Requirement for inspecting, testing, or preparing a commodity or service for

delivery.

H. “State” means the State of Arkansas. When the term “State” is used herein to reference any

obligation of the State under a contract that results from this Solicitation, that obligation is limited to

the Department using such a contract.

I. The General Staff of the Arkansas Public Service Commission has made every effort to use industry-

accepted terminology in the Contractor Solicitation and will attempt to further clarify any point of an

item in question as indicated in Clarification of Bid Solicitation.

1.7 SOLICITATION SCHEDULE

For informational purposes, a Solicitation Schedule is provided below. However, dates listed and noted

with an asterisk (*) are anticipated dates only and are subject to change at the discretion of the APSC. All

times are listed in Central Time.

TABLE A: TENTATIVE SOLICITATION SCHEDULE

ACTIVITY

RFP Release to Prospective Contractors

Deadline for Prospective Contractor Questions

Answers to Questions Posted (contact buyer for details)

Proposal Due Date

DATE

June 4, 2026

June 15, 2026

June 18, 2026

June 26, 2026

Post Anticipation to Award*

Award Contract*

July 2, 2026

July 17, 2026

1.8 CLARIFICATION OF SOLICITATION

A. Submit questions requesting clarification of information contained in this Solicitation via email to the

Buyer on page one (1) of the RFP by the date and time listed in Table A.

1. For each question submitted, Prospective Contractor should reference the specific Solicitation

item number to which the question refers.

2. Prospective Contractors’ written questions will be consolidated and responded to by the APSC

as deemed appropriate. The APSC’s consolidated written response is anticipated to be posted to

the Solicitation posting by the close of business on the date provided Table A. If Prospective

Contractor questions are unclear or non-substantive in nature, the APSC may request

clarification of a question(s) or decline to answer.

B. The Prospective Contractor should notify the Buyer of any term, condition, etc., that precludes the

Prospective Contractor from submitting a compliant, responsive proposal. Prospective Contractors

should note that it is the responsibility of the Prospective Contractor to seek resolution of all such

issues, including those relating to the terms and conditions of the contract, prior to the submission of

a proposal.

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APSC-26-001

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C. Prospective Contractors may contact the Buyer with non-substantive questions at any time prior to

the proposal opening.

D. An oral statement by the APSC will not be part of any contract resulting from this Solicitation and

may not reasonably be relied on by any Prospective Contractor as an aid to interpretation unless it is

reduced to writing and expressly adopted by the APSC.

E. Only an addendum written and authorized by the APSC will modify the Solicitation.

1.9 RESPONSE DOCUMENTS

A. Original Technical Proposal Packet

1. Responses within the Information for Evaluation sections must not contain the Prospective

Contractor’s name or address. For Personnel under section E.2, please identify personnel only

by first and last initial only (“H.S.” for example).

2. Prospective Contractors shall utilize the Technical Proposal Packet to submit their responses.

3. The following items are proposal submission requirements and must be submitted as a

hardcopy part of a Prospective Contractor’s proposal response.

a. Original, signed Proposal Signature Page. Signature may be ink or digital.

b. One original hardcopy of the Technical Proposal response to the Information for Evaluation

section included in the Technical Proposal Packet, which must be in the English language.

c. Copy of Prospective Contractor’s Equal Opportunity Policy.

i. Pursuant to Arkansas Code Annotated § 19-60-104, OSP requires a Prospective

Contractor bidding on a state contract to submit a copy of the Prospective Contractor’s

Equal Opportunity (EO) Policy.

ii. Prospective Contractors not required by law to have an EO Policy must submit a written

statement to that effect.

4. The following items, which must be submitted prior to a contract award to the Prospective

Contractor, may also be included with the Prospective Contractor’s proposal:

a. EO 98-04: Contract and Grant Disclosure Form.

b. Voluntary Product Accessibility Template (VPAT), if applicable.

5. Prospective Contractors should not include any other documents or ancillary information, such

as a cover letter or promotional/marketing information.

B. Additional copies

1. In addition to the original Technical Proposal Packet, the following items should be submitted:

a. Five (5) complete hardcopies (marked “COPY”) of the Technical Proposal Packet.

b. Five (5) electronic copies of the Technical Proposal Packet.

c. One (1) electronic copy of the Official Solicitation Price Sheet.

d. One (1) redacted (marked “REDACTED”) copy of the original Technical Proposal Packet if

applicable (see Proprietary Information).

2. All copies of the Official Solicitation Price Sheet must be separately sealed from the Technical

Proposal Packet copies and should be clearly marked as “Pricing.”

3. Electronic copies should be submitted on flash drives and in PDF format.

4. All additional hardcopies and electronic copies must be identical to the original hardcopy.

a. In case of a discrepancy, the original hardcopy governs.

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APSC-26-001

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5. If the APSC requests additional copies of the proposal, the copies must be delivered within the

timeframe specified in the request.

C. Prospective Contractors should not alter language in Solicitation document(s) or Official Proposal

Price Sheet provided by the APSC.

D. Prospective Contractor’s proposals cannot be altered or amended after the proposal opening except

as permitted by law or rule.

STRATEGIC OBJECTIVE

SECTION 2 – REQUIREMENTS

The Commission seeks solutions that provide high-quality depreciation studies while enhancing

transparency, auditability, and the Commission’s long-term ability to understand and independently

evaluate depreciation analyses.

2.1 PROSPECTIVE CONTRACTOR MINIMUM QUALIFICATIONS

A. The Prospective Contractor shall be an experienced Consulting Firm that has performed multiple

regulatory utility depreciation studies for rate-making purposes on behalf of electric, gas and/or water

utilities, and regulatory clients such as Public Utility or Public Service Commissions. The Consulting

Firm will be expected to (1) conduct research, (2) perform and manage depreciation studies in a

timely manner, (3) prepare analysis, reports, comments, testimony and exhibits as required, (4)

participate in settlement and/or collaborative discussions, and (5) appear as an expert witness

at any public hearings.

B. The Consulting Firm will either be a seasoned user and client of PowerPlan Depreciation

Studies software, or have an established and seasoned proprietary (“in-house”) software

application that readily fulfills the depreciation study requirements listed in Section 2.4, below.

2.2 GENERAL REQUIREMENTS

A. Background. The Commission has jurisdiction over four investor-owned and

seventeen cooperative electric distribution companies,one cooperative generation and

transmission company, two regional transmission organizations, two water utilities, and

three natural gas distribution companies. The Electric Utility Regulatory Reform Act of

2003, Act 204, codified the Commission's jurisdiction over the sale and transfer of

control of electric transmission facilities, affiliate transactions, transition costs, and

resource planning and acquisition of generation capacity. Arkansas is currently

positioned within two transmission regions separated by a "seam". Transmission in the

western part of the state is planned and managed directly by the Southwest Power

Pool (SPP), and transmission in the remainder of the state is planned by the

Midcontinent Independent System Operator (MISO). Four electric utilities, Oklahoma

Gas and Electric Company, Southwestern Electric Power Company,The Empire

District Electric Company,and Arkansas Electric Cooperative Corporation (AECC) , are

members of SPP. Entergy Arkansas, Inc. and AECC are members of MISO.

B. Statement of Work

1. Introduction - This Section of the RFP addresses the detailed requirements for the

work to be performed during the term of the contract. The Consulting Firm’s bid will

cover all of the items listed in subsection (4), below. The Consulting Firm's

proposal shall clearly reflect an understanding of, and agreement with, the stated

requirements of the RFP. Submission of a proposal indicates acceptance of the

conditions contained inthe RFP, unless clearly indicated otherwise.

2. Work Plan - The Consulting Firm should submit a work plan upon which the

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Commodity Codes

• NAICS 541330Engineering Services
• NAICS 541611Administrative Management and General Management Consulting Services
• NAICS 541620Environmental Consulting Services
• NAICS 541690Other Scientific and Technical Consulting Services
• NAICS 541990All Other Professional, Scientific, and Technical Services

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