Management Strategies
5 ways to improve your utility’s bond rating
Managing a debt rating is a key obligation of the utility Chief Financial Officer. Debt is part of the utility business. Utilities build long-term infrastructure, with a useful life of 30-40 years to serve customers and finance that infrastructure with long term debt. Customers pay for debt service on that debt thought their rates, charged for current use of the system.
Develop KPI’s using FERC Accounting Practices
Key Performance Indicators (KPI’s) are measures used to set baseline performance implement improved performance strategies on those baselines.
The measurement ability makes KPIs a management tool for setting priorities and measuring progress in implementing strategy.
Developing and implementing strategy initiatives includes setting goals, measuring progress, making mid-course adjustments, and evaluating success.