The Society of Utility and Regulatory Financial Analysts welcomed RAP principal Carl Linvill to discuss risk-aware regulation at the 45th Financial Forum: Current Issues Affecting the Cost of Capital. Mr. Linvill participated in a panel titled, “Inherent Risks in the Utility Industry” and presented strategies for minimizing, not shifting risk. He emphasized the importance of building a flexible, robust electric system in order to manage risk. The panel was part of a two-day session to foster communication among utilities, regulators, and the financial community on issues that affect the financial performance of the utility sector.