Meeting

Accounting & Finance Spring Meeting

The Accounting & Finance Spring Meeting is an opportunity for public power professionals to learn, network, and discuss current trends and issues with peers from around the country. Attendees can
April 25 - 26, 2019
Arlington, Virginia
Sponsors

The Accounting & Finance Spring Meeting is an opportunity for public power professionals to learn, network, and discuss current trends and issues with peers from around the country. Attendees can earn up to 12.6 continuing professional education credits (CPEs) in public accountancy, as well as 1 continuing education units (CEUs) or 10.5 professional development hours (PDHs).

PDF Brochure

Check out the 2019 Accounting & Finance Spring Meeting brochure!

Register

Registration is currently full for this meeting. If you would like to attend please email us. Prices will increase by $50 after April 4.

Transportation
Complimentary shuttle service is available to Ronald Reagan National Airport and the Crystal City Metro Stop.

Educational Credits
Attendees can earn up to 12.6 continuing professional education credits (CPEs) and 1 additional continuing education units (CEUs) or 10.5 professional development hours (PDHs) for attending qualifying sessions.

More information

Registration Information:
Phone: 202-467-2978; Email: [email protected]

Hotel Information:
Phone: 202-467-2941; Email: [email protected]

Program/Content Information:
Phone: 202-467-2919; Email: [email protected]

Billing Information:
Phone: 202-467-2967; Fax: 202-495-7467; Email: [email protected]

Registration is currently full for this meeting. If you would like to attend please email us. Prices will increase by $50 after April 4.

PDF Brochure

Thursday, April 25, 2019

Breakfast will be available at 7:30 a.m.

8:15 - 8:30 a.m.
Group Introductions

8:30 – 10 a.m.
Accounting for Energy Credits and Other Intangible Certificates
Recommended CEUs .2 / PDHs 1.5 / CPEs 1.8, Accounting

Many public power utilities continue to invest in renewable energy projects. While these projects take many forms, most have similar accounting complexities given the structuring, financing and operations of the particular projects.


A growing trend associated with these projects involve renewable energy attributes which can take many forms and can be used for a variety of purposes including internal usage or sale to external parties, which can be complex. What are they valued at? When does a sale take place? How to account for unsold or “ready for sale” attributes. The complexity is enhanced especially when there is no direct GASB guidance that supports the accounting for these items.

This session will provide guidance on the disclosure, valuation, and accounting treatment for these types of renewable attributes.
     
Tom Unke, Partner, Baker Tilly, Madison, Wisconsin

10 – 10:15 a.m.            
Break

10:15 – 11:45 a.m.
Financial Benchmarking
Recommended CEUs .2 / PDHs 1.5 / CPEs 1.8, Specialized Knowledge

Hear from a utility and joint action agency on how they execute financial benchmarking and integrate it with their strategic plan. Metrics include debt ratio, cash policy, and credit scoring.

Amy DeLeeuw, Chief Financial Officer & Treasurer, Michigan Public Power Agency, Lansing, Michigan; and Jeff McCauley, Chief Financial Officer, Greenville Utilities Commission, Greenville, North Carolina
 

11:45 a.m. – 1:15 p.m.           
Lunch provided by:

PFM

1:15 – 2:45 p.m.
Rating Agency Update: S&P Ratings Criteria and Fitch Bond Rating Outlook
Recommended CEUs .2 / PDHs 1.5 / CPEs 1.8, Specialized Knowledge

Learn about the S&P changes in ratings criteria for electric utilities and hear from Fitch Ratings on the bond rating outlook for public power utilities. Discover how industry trends impact bond ratings.

Dennis Pidherny, Managing Director, Fitch Ratings, New York, New York; and Scott Sagen, Associate Director, S&P Global Ratings, Nashville, Tennessee

2:45 – 3 p.m.              
Break

3 – 4:30 p.m.
Roundtable Forum 
Recommended CEUs .2 / PDHs 1.5 / CPEs 1.8, Specialized Knowledge

Discuss current issues in public power accounting and finance. Share your experiences and ask questions of your fellow public power attendees.

4:45 – 5:45 p.m.         
Reception

Friday, April 26, 2019

7:30 - 8:30 a.m.
Breakfast

8:30 – 10 a.m.
GASB Update
Recommended CEUs .2 / PDHs 1.5 / CPEs 1.8, Accounting (Governmental)

Get familiar with the latest standards from the Governmental Accounting Standards Board (GASB). Understand how new standards affect your reporting and discover what’s coming down the pipeline. Hear directly from a GASB representative about recent and upcoming changes to the GASB standards.

Deborah Beams, Supervising Project Manager, Governmental Accounting Standards Board, Norwalk, Connecticut

10 – 10:15 a.m.                      
Break

10:15 – 11:45 a.m.
Don’t Wait Until You Need It! Are You Properly Insured?
Recommended CEUs .2 / PDHs 1.5 / CPEs 1.8, Management Services

This session will address your insurance alignment with your risk profile. Ensure you have correct type of coverage as your business evolves. The session will cover each line of coverage, explain insurance policy, and describe premiums. You will learn about key utility issues with each line of coverage.

Aidan Heisey, Property & Casualty Insurance Broker, Marsh Wortham Power Gen Insurance, Austin, TX; and Fred Wass, Property & Casualty Insurance Broker, Marsh Wortham Power Gen Insurance, New York, NY

11:45 a.m. – 12:15 p.m.
Lunch provided by: 

Marsh Wortham Logo

12:15 – 1:45 p.m.
Natural Gas Prepayments:  Potential O&M Savings from the Desk of the CFO
Recommended CEUs .2 / PDHs 1.5 / CPEs 1.8, Specialized Knowledge

After a 10+ year hiatus, natural gas prepayment transactions are back! In December of 2018 alone, almost $2 billion of pre-pay bonds were sold in the market for 3 separate transactions, saving issuers up to $0.50 cents per MMBtu of gas. Issuers have many questions about “pre-pays”: Are the savings real? Are these transactions legitimate? Are they unnecessarily risky? Are the savings worth the time and effort?

This session will examine the basic structures of this type of transaction, the varied ways to participate in a transaction, and the risks and benefits to the utility.

Chris Lover, Managing Director, Public Financial Management, Inc., Charlotte, North Carolina
 

1:45 p.m.
Adjourn

Registration

Registration is currently full for this meeting. If you would like to attend please email us. Prices will increase by $50 after April 4.

PDF brochure

Registration fees

After April 4, 2019, prices will increase by $50.

  • Association Members:            $425
  • Non-Members                         $825

Space is limited, so early registration is recommended.
 

Location

The Accounting and Finance Spring Meeting will be held at the offices of the American Public Power Association:

2451 Crystal Drive, Suite 1000
Arlington, Virginia 22202-4804

Hotel

Get the special group rate at the Hyatt Regency Crystal City, located just a few blocks from the American Public Power Association's office.* 

Hyatt Regency Crystal City
2799 Jefferson Davis Highway
Arlington, VA 22202

Reservations

  • Online
  • By phone: 800-223-1234. Mention the "American Public Power Association" or the corporate number "09978" to get the group rate.

*The Association's office is a five minute walk from the hotel heading north on Crystal Drive.

Room Rates

Standard King Room

  • March 1 - June 30: $265, plus tax (14.5 percent)

Parking

Overnight parking per night/per car is $40.00 and is valet only.

Frequently Asked Questions

Registration/Name Badges

Name badges can be picked up at the Association's registration desk starting at 7:30 a.m.

Meals

Breakfast will be provided both days, lunch will be provided on Friday. Attendees are invited to a reception on Thursday evening. All other meals are on your own.

Hotel & Location

Click here for hotel and location information.

What is the conference dress code?

The attire for the Accounting & Finance Spring Meeting ranges from business casual to casual--whatever you're comfortable in. Meeting room temperatures vary, so prepare to dress for cool conditions.

Cancellations/No-Show/Refunds/Substitutions

Registrants who cancel in writing on or before April 18, 2019, are entitled to a refund of their registration fee, minus a $50 cancellation fee. Registrants who cancel after April 19, will not receive a refund, but attendee substitutions will be allowed for this event only. Registrants and no-shows who do not cancel by April 19 are responsible for the full registration fee and are not entitled to a refund. Cancellations must be made in writing and emailed to [email protected]

What educational credits are available?

Academy events include the following opportunities for educational credits:

  • Continuing Education Units (CEUs) from the International Association for Continuing Education and Training (IACET)
  • Professional Development Hours (PDHs) as established by the National Council of Examiners for Engineering and Surveying (NCEES)
  • Continuing Professional Education (CPE) Credits from the National Association of State Boards of Accountancy (NASBA)

Attendees can earn up to 12.6 continuing professional education credits (CPEs) in public accountancy, as well as 1 continuing education units (CEUs) or 10.5 professional development hours (PDHs).

More questions?

Contact us at [email protected] or call 202-467-2976.