Utility Accounting Education Update
Insights to maximize the opportunities in the Power and Utilities industry
utilityeducation.com
August, 2023
This month’s issue: Performance evaluation insights, recovering storm damage costs in customer rates, and five reasons for updating overhead costs!
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.
Midyear evaluations should be a look ahead!
Enterprise risk management (ERM) lite
ERM isn’t just for large utilities. Many of the day to day things you do to manage risk meet the definition of ERM. How can you formalize the process and why do you want to?
What types of risks can be mitigated in an ERM program?
Risk comes in many forms - property, people, unintentional issues that lead to liability. What are key risks that are mitigated through and ERM program?
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!
Here’s some thoughts to help you zero in on your goals:
“Thoughts as you plan eac week.”The question isn’t who’s going to let me; it’s who is going to stop me.” —Ayn Rand
”A year from now you may wish you had started today.” ― Karen Lamb
”If a goal is worth having, it’s worth blocking out the time in your day-to-day life necessary to achieve it.” — Jill Koenig”