Power and Utilities Cost of Service and Rates
Use ASC 980 or GASB 62 to Bridge the Gap Between Solar Power and Electric Budgets
ASC 980 and GASB 62 can help revenue recovery of budget misses due to unforecasted solar and renewable energy generation, from distributed energy resources (DER).
With analytical trend tools at our disposal, budgets are more realistic and numbers can be tighter. However, as your DER customers grow, their increased generation trends may not show up yet in historical sales data and not be included in budgets. This article discusses the use of ASC 980 and GASB 62 in making sure budget shortfalls are not “lost” revenues.