FERC and RUS Accounting for Electric Construction
Electric Construction Capital Budgeting
Creating a capital budget involves planning for significant long-term investments in assets or projects. Sounds easy?, but it is a combination of long-term forecasting of system needs, financing (debt and equity), and impact on rates. Here is a framework that is effective.
Five Reasons to Regularly Update Overhead Allocations
In the utility business, overhead costs can be greater than the direct costs of a project, i.e., labor and inventory. An effective overhead calculation process is one crucial factor in ensuring that infrastructure costs are recovered in customer rates.
FERC Issues Order 898 - New Accounts for Renewable Electric Assets
Electric utility finance and accounting professionals can rejoice! FERC has solved your dilemma regarding accounting for renewable energy fixed assets and the related software specific to each operational area.
With the issue of Order 898 - FERC has upgraded its chart of accounts to include the account number for:
- Solar production
- Wind production
- Other renewable production
- Energy storage