Newsletter - May, 2024
Russ Hissom
Providing expert guidance to power and utility companies on cost of service, rate design, financial management, and accounting, helping them achieve financial and operational excellence.
Welcome to Utility Accounting & Rates Specialists' May newsletter. We hope you are having a great month and getting ready for summer in your area!
Calling all Electric Cooperatives for a Live Training Webinar!
Are you new to electric cooperative accounting and want to learn more about best practices in accounting and finance in the business? Join us for a live webinar on Tuesday, June 11 (11.00 AM to 2.00 PM Central Time) on electric co-op accounting and management topics. Segments we will cover include:
1. Introduction to the RUS Uniform System of Accounts
2. RUS Construction Accounting Standards
3. RUS Forms Overview
4. Patronage Capital and Managing Cash Reserves
Join the fun, enhance your career skills, and add value to your organization! Plus, have your questions answered in real-time and find out what your peers in the business are doing! Get the webinar and sign-up details >>
Unplanned solar and wind customer power can dent your budget, here's an accounting standard to recover these "lost" revenues
Distributed Energy Resources (DERs), is power from solar and other renewable sources, such as wind and biomass that is produced by electric customers. If unplanned, DERs can throw a wrench into your electric co-op or utility budget.
Accounting standards ASC 980 and GASB 62 (Regulated Operations) are the gift that keeps on giving in that these accounting standards can allow you to separate the impact of DERs on the budget, book those “losses” from DERs, and determine a strategy to collect the amounts in future rates without impacting non-DER customers. Here’s an example of this approach in practice.
Do I have to walk 10,000 steps per day?
Management and accounting positions can include a lot of sitting. Why is 10,000 steps per day a magic number, or is it? Get the article >>
领英推荐
Team training for your Co-op or Utility - online course learning paths tailored for management, accounting, Board Members, and operations. Contact us for more details and a conversation.
Check out the new look of our Resource Library. The library contains all courses, free downloads, and free videos. They’re easy to find with enhanced search by topic and learning paths.
Thank you for reading our newsletter. Please contact us with ideas for new courses or questions!
Have a great month!
Russ Hissom
Utility Accounting and Rates Specialists
608 628 4020
Write your goals down and review daily, you’ll be amazed at the results you achieve!