Public Utility Accounting

Monday, Jan. 30 - Tuesday, Jan. 31
Hotel Valley Ho
Scottsdale, Ariz.

Course Schedule
Monday: 8:30 a.m. – 5 p.m.
Tuesday: 8 a.m. – 4 p.m.

Recommended CEUs 1.2/PDHs 11.75/CPEs 14

Field of Study: Accounting
For CPE Accreditation, this course is a group-live offering.

Course Overview
This course highlights the development of a utility accounting system that is compatible with Federal Energy Regulatory Commission (FERC) guidelines. It examines accounting theory, the role of accounting in public utilities, FERC accounting procedures, the uniform systems of accounts, and utility accounting subsystems. 

Course Topics

  • Accounting for operating revenue and expenses
  • Balance sheet and income statement preparation
  • Introduction to utility property and plant accounting
  • Introduction to FERC uniform system of accounts
  • Applicability of generally accepted accounting principles to public utilities
  • Financial statement structure and presentation
  • Capital vs. expense determination
  • Allocation of indirect or common costs
  • Accounting for unbundled services

Learning Outcomes
Upon completion of this course, participants will be able to:

  • Study the structure and usage of the Code of Federal Regulations and the FERC Uniform System of Accounts.
  • Recognize the accountant’s role as a service provider to internal and external customers and how those customers use the data provided.
  • Identify the sources of GAAP and where to research questions.
  • Identify the key elements of a plant accounting system.
  • Differentiate between capital vs. operating vs. maintenance expenses.
  • Identify the difference between regulatory and unregulated accounting procedures.
  • Learn the basic concepts associated with utility rate design and other funding methods.

Sample Agenda
Click here to see a sample agenda.

Who Should Attend
This course is designed for personnel who are new to utility accounting practices or unfamiliar with the FERC accounting structure. Experienced accountants and accounting managers who want to enhance their knowledge of utility accounting practices can also benefit from this course.

Course Level
 This course does not have prerequisites nor does it require advance preparation.

Advance Preparation: None. Participants will receive an email one week in advance of the course with links to the Public Utility Accounting publication and the Federal Energy Regulatory Commission (FERC) Code of Federal Regulations, which can be downloaded prior to class. These items will be referenced by the instructor. Hard copies will also be available on-site. Contact if you do not receive the email by April 26. 

Technology Requirements: None 

Jerry McKenzie is a senior associate with MGT of America, Inc. and is the author of three APPA publications: Unbundling Electric Distribution-Related ServicesCosting Electricity Generation in a Competitive Environment: Principles & Procedures, and Public Utility Accounting. He has an extensive 30-plus year background in cost accounting concepts and practical applications. Having worked in both the private electric utility sector and the municipally owned environment, Jerry brings a broad and somewhat unique perspective to this session. He has extensive knowledge of the Federal Energy Regulatory Commission’s (FERC) statutes and regulations and has taught on a variety of subjects dealing with Public Utility Accounting, including cost of service, rate design, benchmarking, and financial forecasting.

Learning Environment
The instructional style for this course includes lecture style teaching, whole class and small group discussion and sharing, individual exercises, and Q&A sessions.

Course Completion Requirements
To receive continuing education units (CEUs) for this course, attendees are required to sign in on-site (attendance is monitored throughout the day), attend and participate in the entire learning event and submit an evaluation form at the end of the course. Certificates will be presented on-site or mailed out within two weeks of the training (if necessary).  

It is APPA's policy to not award partial credit for partial attendance. Attendees are required to attend and participate in the entire event, in order to receive a completion certificate. Certificates will not be distributed to attendees who do not fully complete a course. For more information regarding certification status, attendance requirements and obtaining attendees transcripts, contact or 202/467-2921.

Registration / Hotel / Program / Billing Questions
If you have questions about the meeting, please contact any of the staff listed below:

  • Billing Information – accounting and finance team:
    Phone: 202/467-2967; Fax: 202/495-7467; Email: