Utility Accounting Education Update
Insights to maximize the opportunities in the Power and Utilities industry
utilityeducation.com
June, 2023
This month’s issue: Rate stabilization, fixed asset accounting is fun, and focusing on your goals!
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.
Rate stabilization is your umbrella on a rainy day!
Save revenues for future use
Rate stabilization can bail you out when your operating results are not up to par. See how you can apply GASB 62 to balance the budget!
6 months into the new year - how are your goals?
It’s a good time to take stock of your goals. Just because you set them back in January doesn’t mean you’re “locked-in” for the year. Do a full review with this tool and be ready to charge through the end of the year.
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!
Fixed asset accounting is fun…..
said no-one. But here are some strategies to shrink your pool of fixed asset records for accuracy and more time to do other more fun things.
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!
Here’s some thoughts to help you zero in on your goals:
“1. “If you’re bored with life — you don’t get up every morning with a burning desire to do things — you don’t have enough goals.” — Lou Holtz
2. “A year from now you may wish you had started today.” ― Karen Lamb
3. “You need to have unbound enthusiasm for what you’re building. Energy is contagious, so your team and everyone you interact with feels it.” ~Tyler Haney, Founder of Outdoor Voices”