Utility Accounting Education Update
Insights to maximize the opportunities in the Power and Utilities industry
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Newsletter
This month’s issue: Common misconceptions about regulatory accounting by regulators, FERC insights on best practices in cost-of-service studies, and a new look for our course library
If you like accounting (or even if you don’t) these tidbits will make your day job easier. We’d love it if you would submit some topics you’d like to see in this newsletter.
Common misconceptions about regulatory accounting by users and regulators
Regulatory accounting is one of the most valuable tools available to co-ops and utilities. But, there are some common misconceptions about what it means to use it, not only by non-user co-ops and utilities, but sometimes also by the regulators who set customer rates (boards or regulatory commissions). Here are some of those misconceptions and counters.
FERC 2023 Report on Compliance for Rate Filings
Even though your electric co-op or utility is not Federal Energy Regulatory Commission (FERC) regulated, FERC compliance audits provide insights into areas to consider for general accounting and ratemaking.
The Utility Accounting & Rates Specialists course library has on-line on-demand courses that cover introductory and advanced co-op, FERC, RUS, and utility accounting, developing electric rates, and financial management. We include practical examples you can use now in your electric cooperative or utility!
New to the Power and Utilities business? Here’s a FREE course for new accounting and finance team members!
Introduction to the Electricity Business 2.0!
The more you know about the electric business, the better value you bring to your organization and to your career!
This FREE course will give you a high-level overview of how an electric utility and cooperative gets electricity to its customers, how it operates, the level of oversite governance, and the finances that make for a healthy business. You will be able to immediately use this information in your day to day work and "speak electric" with your peers! Be an expert in 30 minutes!
Thank you for your support and interest in best practices in accounting, developing electric rates, and financial management. The Power and Utilities Industry is the foundation for a vibrant economy and an integral part of our society!
Just for reading this far down the newsletter you’ll get 25% off any course or bundle from Utility Accounting and Rates Specialists! Just use the code Coursesaver25 at checkout!