Utility Accounting Education Update
Insights to maximize the opportunities in the Power and Utilities industry
utilityeducation.com
April, 2023
This month’s issue: obtaining interdepartmental harmony in allocating costs, best practices in conducting a rate study, and using multiple utilities in mutual aid in rebuilding Sanibel Island, FL after a major hurricane.
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.
Interdepartmental harmony isn’t as hard as you think when allocating costs
Harmony in allocating interdepartmental costs?
That’s not a statement that’s made often. Find out how methods based on math are an easier sell at budget time.
Maximize your rate study!
Rate studies are complicated and a mixture of math and politics. What are industry best practices to get the most from your next study?
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!
An insider view of mutual aid
Mutual aid is part of the fabric of the electric business - assisting in storms and wildfires. Read the author’s article in the Florida Municipal Electric Association’s RELAY magazine (pg 24) on how mutual aid has been key in rebuilding Sanibel Island after Hurricane Ian.
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 20% off a 12 month All-Access UAES membership! Just use the code Newmember20 at checkout!
Spring is here with new energy everywhere! Here’s some thoughts (these were good last month too :)):
“Spring is the best life coach: It gives you all the energy you want, all the positive thoughts you wish and all the boldness you need!”
“Change is inevitable. Change will always happen, but you have to apply direction to change, and that’s when it’s progress.”
“The promise of spring’s arrival is enough to get anyone through the bitter winter!””