Regulatory Accounting
Rate Stabilization with GASB 62 and ASC 980 Will Match Electric Revenues to Rates
Regulatory accounting under both ASC 980 and GASB 62 can be used for deferring revenues and matching revenue recognition to the related impact on customer rates. Here is an example of a common application for rate stabilization, stashing revenues now for use later when needed in meeting bond coverage in poor earnings years.