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Introduction to Regulated Utilities

This seminar, which a company exclusively sponsors and schedules for its employees, is intended to provide a basic understanding of the regulated utility business and a foundation for developing additional industry expertise. Subject matter specialists will cover three major topics: electric and gas utility operations, traditional utility ratemaking concepts, and utility industry accounting and financial reporting.

The first topic addresses the economic characteristics of utility companies and provides an introduction to electric and gas utility operations and concepts. The utility ratemaking topic provides an overview of the history of regulation in the United States and the current regulatory environment. Illustrations and case studies are used to understand the traditional ratemaking formula and its three components, rate base, rate of return and allowable operating expenses that are utilized to develop a utility’s revenue requirement and rates charged to customers. The final topic covers the specialized industry accounting and financial reporting regulations and requirements followed by rate-regulated utilities. The unique aspects of utility financial statements, including uniform system of accounts, affiliate standards and transactions and guidelines for cost allocations are discussed. Finally, the use of energy contracts and derivatives by utilities and the related risks are addressed.

This seminar is applicable to accountants and auditors with benefits to operating personnel in a company’s accounting, financial, regulatory and auditing areas. It has been designed with two days of presentations, case studies, illustrations and group discussions. The seminar can be tailored to meet the specific needs of a company’s participants in terms of time and content.

Contact

For more information on the Introduction to Regulated Utilities seminar or to schedule this seminar at your company, please contact:

Bill Graf
312.486.2673
wgraf@deloitte.com

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