Utility Accounting Education Update
Here are insights to help keep you current in the Power and Utilities industry!
utilityeducation.com
January, 2023
This month’s issue: Breaking the news on rate increases to your large customers, solar rates, goal setting, and the rebuild of the electric system on Sanibel Island after Hurricane Ian
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.
Breaking the news on rate increases to your industrial customers
What are some strategies for increasing electric rates for your largest customers? They have concerns on cost impact on their products, you have concerns on the customer’s economic impact in the community. What if they start “shopping around” for a better deal?
Leveraging smart meter data
Here’s a case study on how an electric utility leveraged its smart meter program to develop cost of service rates, plus rates for solar customers.
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!
Goal setting staying power!
January is the prime resolution-setting month of the year. Studies show that 70% of us will abandon a number of goals by February. Here is a framework for focus.
New to the Power and Utilities business? Here’s a course for new accounting and finance team members!
Electric Rates 101 - Analyzing the Revenue Requirement and Cost of Service
Here’s an introductory walk-through of the electric rate process. Gain insights into how rates are developed. This is a good opening course for new employees or Board Members.
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 UAES membership! Just use the code Newmember20 at checkout!
A few thoughts from one of the more creative minds of our times - Steve Jobs
“The people who are crazy enough to think they can change the world are the ones who do.”
“For the past 33 years, I have looked in the mirror every morning and asked myself: ‘If today were the last day of my life, would I want to do what I am about to do today?’ And whenever the answer has been ‘No’ for too many days in a row, I know I need to change something.”