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The utility industry faces a highly complex and dynamic regulatory landscape, marked by voluminous regulatory filings and numerous intervenor comments. Regulatory professionals are often overwhelmed by the sheer volume of information they must process, which leads to inefficiencies, increased costs, and the risk of missing critical insights. Recovery of unplanned expenditures due to natural disasters, replacing aging assets, while meeting new capacity obligations further exacerbate these challenges, making it essential for utilities to have a robust, efficient, and data-driven approach to regulatory compliance.

The KPMG Intelligence Platform | AI Regulatory and Compliance Insights solution is designed to revolutionize regulatory proceedings for utilities, freeing up time for utility professionals to focus on higher-value tasks. By providing actionable insights and detailed analysis, this solution facilitates a more efficient and data-driven approach to regulatory filings.

Enhanced efficiency

Utilizing the power of generative artificial intelligence (AI) and retrieval augmented generation, it automates key elements of the initial processing of GRC filings and intervenor comments. This offers enhanced efficiency, accuracy, and scoring (context, answer, and faithfulness) to provide unmatched response transparency.y.

Stronger rebuttal development

Backed by industry experience, this solution quickly generates initial drafts of testimony or rebuttal arguments based on historical data and intervenor comments. It highlights relevant data and information requested in prior regulatory proceedings, helping ensure that responses are well-structured and evidence-based.

Improved understanding

Performing sentiment analysis and detecting trends in arguments raised by intervenors enables utilities to understand opposing views better and anticipate potential challenges. This insight helps utilities tailor their communication strategies effectively and develop more comprehensive rebuttals.

KPMG used GenAI to help a utility company speed up its audit process by efficiently analyzing regulatory information and providing accurate responses to auditor inquiries. This improved transparency and accuracy, showcasing GenAI's potential to enhance audit management and operational reliability in the utility industry.

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Realizing value

KPMG LLP works with leading utilities to transform their regulatory filing processes and enhance their compliance capabilities. Our AI Regulatory and Compliance Insights solution offers several potential benefits:

Time savings

KPMG professionals work with you to help you target specific areas of concern like improving the quality of your initial filing or responding to data requests. We help accelerate targeted research and query capabilities, allowing utilities professionals to create a more accurate regulatory filing.

Cost reduction

Reduce overall costs by streamlining regulatory processes and minimizing time consuming elements of the regulatory cycle.

Data-driven decision-making

Provide actionable insights and detailed analysis to improve the completeness and accuracy of regulatory submissions.

Time savings Cost reduction Data-driven decision-making

KPMG is committed to helping utilities navigate the complex regulatory landscape with confidence and precision. We not only design, build, and implement leading AI-enabled solutions, but we help you anticipate and plan for the impact of these technologies on your organization in the short and long term.

By integrating our solution’s capabilities into your regulatory process, you can focus on strategic, high-value tasks while helping to ensure that your filings are thorough, accurate, and data- driven. This can give you the confidence to address regulatory challenges head-on and drive greater business performance.

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