Utility Accounting Education Update
Here are insights to help keep you current in the Power and Utilities industry!
utilityeducation.com
October, 2022
This month’s issue: Applying for infrastructure grants, recovering storm damage costs, and making your goal of 10,000 steps a day work for you! (nice smorgasbord!)
The excitement never stops in the accounting world, so read on if these are of interest and/or forward to a friend! If not, submit some topics you’d like to see in this newsletter.
Tips on making your application “grant-worthy” for Infrastructure Investment and Jobs Act and IRA bill Federal project grants
The 2021 Infrastructure Investment and Jobs Act and 2022 IRA bill provides over $400 million in funding for utility projects. What distinguishes one project from another to successfully obtain the grant that will improve your infrastructure and benefit your customers? Here are some tips for a successful application.
It’s storm season and recovery costs will impact your operating income
How can you reasonably share the storm costs with your customers in their rates?
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!
Is 10,000 steps per day the magic number?
Quantity or quality is part of the 10,000 step debate. Which approach might work for you?
New to the Power and Utilities business? Here’s a course on industry basics - finance, operations, and regulation!
The 3-Point Formula?
Is that a field goal, or a way to allocate interdepartmental costs based on best-practices and math. Try this approach and you’ll cut down with difficult internal discussions on the “fairness” of allocating shared costs.
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 20% off a 12 month All-Access or Premium UAES membership! Just use the code Newmember20 at checkout!
Final thoughts for this issue - Take the drive to excellence!
“If you don’t know where you are going, you will probably end up somewhere else”
“If you set your goals ridiculously high and it’s a failure, you will fail above everyone else’s success.”
“You can’t be that kid standing at the top of the waterslide, overthinking it. You have to go down the chute.”