Utility Accounting Education Update
Insights to maximize the opportunities in the Power and Utilities industry
utilityeducation.com
September, 2023
This month’s issue: Recovering storm damage, blocking your calendar and time of use rates are in your future!
If you like accounting (or even if you don’t) these tidbits will make your day job easier. We’d love it if you would submit some topics you’d like to see in this newsletter.
Recovering storm costs in electric rates
September is the peak-hurricane and fire month. What are some industry practices used by co-ops and utilities in recovering storm related costs from these and other natural disasters in electric rates?
Time of use rates should be in your future
Due to enhanced metering and customer acceptance, residential time of use rates are coming of age. What advantages can TOU rates yield for your co-op or utility?
The UAES article library covers introductory and advanced co-op, FERC, and utility accounting, developing electric rates, and financial management. We include practical examples you can use now in your electric cooperative or utility!
Getting things done and guarding your calendar
“Getting Things Done” and calendar blocking are two tools that go hand in hand. Manage your schedule to maximize your time.
New to the Power and Utilities business? Here’s a FREE course for new accounting and finance team members!
Introduction to the Electricity Business 2.0!
The more you know about the electric business, the better value you bring to your organization and to your career!
This FREE course will give you a high-level overview of how an electric utility and cooperative gets electricity to its customers, how it operates, the level of oversite governance, and the finances that make for a healthy business. You will be able to immediately use this information in your day to day work and "speak electric" with your peers! Be an expert in 30 minutes!
Thank you for your support and interest in best practices in accounting, developing electric rates, and financial management. The Power and Utilities Industry is the foundation for a vibrant economy and an integral part of our society!
Just for reading this far down the newsletter you’ll get 35% off a 12 month All-Access UAES membership! Just use the code Goals35 at checkout!
“Your path isn’t always straight, but the end goal is the focus”
“Perhaps some detours aren’t detours at all. Perhaps they are actually the path.” — Katherine Wolf
”Some people say I have attitude - maybe I do... but I think you have to. You have to believe in yourself when no one else does - that makes you a winner right there.” — Venus Williams
“You can’t always control the circumstances - only how you react to those circumstances; you can always control your attitude and your effort.” — Jennie Finch
Write your goals down and review daily, you’ll be amazed at the results you achieve!”