regulatory var tentative agenda research lunch meeting wednesday august 2 nd 11 30 objective develop methodology model estimating risks ees regulatory portfolio discussion items 1 elements regulatory portfolio transmission distribution positions bundled tariffs full utility tariffs place prior deregulation competitive transition charges ctc positions diversification three risk elements 2 risk drivers bucket scott stoness ees provide detail interest rates bundled tariffs regulatory decisions power prices interest rates inflation ctc power prices fuel prices generation valuation generation stack regulatory decisions 3 position aggregation parameters scott stoness ees provide suggestions nerc region state utility utility tariff 4 model environment excel grms risktrac 5 var parameters correlations factor loadings 1 factor model 6 ees specific issues size ctc positions impacted roll date subject change due number factors jump diffusion bundled tariffs move daily rather every 2 3 years event driven thanks vlady ps shirley could please make lunch arrangements accordingly