Course

Public Utility Accounting

Part of the Fall Education Institute. This foundational course is designed around the FERC Uniform System of Accounts, covering every relevant FERC account.
September 30 - October 1, 2019
San Antonio, Texas

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Monday, September 30 – Tuesday, October 1

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

Course Overview

This foundational course is designed around the Federal Energy Regulatory Commission (FERC) Uniform System of Accounts (USoA), covering every relevant FERC account. Review the proper usage of each account, the role of accounting in public utilities, preparation of FERC-based income statements and balance sheets, the supporting charts of accounts, and proper coding for all FERC account activities. Learn about the role of accounting in public utilities, FERC accounting procedures, the uniform systems of accounts, and utility accounting subsystems.

Prepare a FERC Income Statement based off of a test case and then apply your knowledge during an in-class exercise, which addresses the proper coding for all FERC account activities. The instructor will also compare and contrast how investor owned utilities utilize the system vs. municipal utilities.

Course Topics

  • Accounting for operating revenues and expenses
  • 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

Sample Agenda/Learning Outcomes

Download a sample agenda and learning outcomes.

Course Level

Basic: No prerequisites; no advance preparation. Recommended as a prerequisite to the Advanced Public Utility Accounting course.

Accreditation

Recommended CEUs 1.3/PDHs 13/CPEs 15
Field of Study: Accounting

Who Should Attend

Designed for those who are new to public utility accounting practices or unfamiliar with the FERC accounting structure.

Instructor

Jerry McKenzie is a senior associate with MGT of America, Inc. and is the author of three APPA publications: Unbundling Electric Distribution-Related Services, Costing 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.

Register online

Course Fees

Members: $995
Nonmembers: $1,990

Prices increase $50 after Sept. 9

Interested in attending another course at the Fall Institute? More information on courses and fees are available on the main Fall Institute page.

Travel Arrangements

Travel arrangements and costs are the responsibility of the participants (including hotel parking, WiFi, incidentals, etc.). The Association will not reimburse for changes in travel expenditures regardless of the cause.

Meals

A light, continental breakfast will be provided each day, and a snack in the afternoon. Beverage breaks will be available throughout the day, all other meals are on your own.

Internet Access & Charging Stations

WiFi and charging/outlets may only be available in hotel common areas (sleeping rooms and hotel lobby), and will not be available in APPA classrooms. Please make arrangements to use cellular data on your device, or bring a MiFi or Internet hotspot for personal use. APPA will not provide a password for WiFi.

Name Badges

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

Cancellations/No-Show/Refunds/Substitutions

Registrants who cancel in writing on or before Sept. 23, 2019, are entitled to a refund of their registration fee, minus a $50 cancellation fee. Registrants who cancel after Sept. 23 will not receive a refund, but attendee substitutions will be allowed for this event only. Registrants and no-shows who do not cancel by Sept. 23 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].

Hotel

The 2019 Fall Education Institute will take place at the:

Hotel Contessa
306 West Market Street
San Antonio, TX 78205

  • Main telephone: (210) 229-9222
  • Group Rate: $209 (Single/Double) per night (plus tax)
  • Check-in: 4 p.m.
  • Check-out: 11 a.m.
  • Parking: Valet Parking: ($17/day or $38 overnight); Self Park $17/day)

Reservations

Please note: It is possible that the block of rooms could sell out prior to Sept. 5, so make your hotel reservations early.

Internet Access

WiFi may only be available in hotel common areas (sleeping rooms and hotel lobby), and will not be available in meet­ing rooms. Please make arrangements to use cellular data on your device or bring a MiFi or Internet hotspot for personal use. The Association will not provide a password for WiFi.

Location

All courses will be held in the Hotel Contessa. The hotel is located about 10 miles from the San Antonio International Airport (SAT). Please contact the hotel for transportation options.

Travel Arrangements/Hotel Parking

Travel arrangements and costs associated with hotel parking are the responsibility of the participants. The Association will not reimburse for changes in travel expenditures regardless of the cause.

Need Assistance?

If you require assistance with hotel/travel arrangements, please contact Meeting Services at 202-467-2941 or [email protected].

Frequently Asked Questions

What to Bring

If you are enrolled in one of the following courses please note the items to bring with you. If your course is not listed you do not have to bring anything.

  • Advanced Public Utility Accounting: Bring a copy of your annual financial statement. Instructors will answer your questions on presentation and application of accounting policies and practices.
  • Basic Cost of Service: Concepts and Rate Planning: Participants are encouraged to bring a laptop to work through in-class exercises.
  • Intermediate Cost of Service: Implementation and Best Practices: Participants are required to bring a laptop with Excel and PowerPoint, to work through in-class exercises.
  • Customer Service Management Certificate Program: Participants will have the opportunity to introduce their customer service operations through photos and discussion. Attendees will be asked to provide 5-10 digital photos showing the exterior and interior of their customer service/billing operations, if possible. Additionally, the class will compare different bill styles, websites, and communications tools. Participants can provide sample utility bills, newsletters, bill stuffers or links to online resources in advance of the class.
  • Overhead Distribution Systems: Participants are required to bring a copy of the 2017 National Electric Safety Code® (ANSI C2-2017) to the course. Copies can be purchased from IEEE (www.ieee.org; 800/701-4333) or through APPA ([email protected]; 202/467-2965). Participants should bring a calculator, as well as digital photographs of typical installations and standards, along with samples of their overhead distribution standards, design guidelines, and work packages to share with the group. A laptop or tablet computer will also be helpful for accessing overhead distribution references from utilities and other sources.
  • Overhead Line Design Application Workshop: Participants are requested to bring a copy of the 2017 National Electric Safety Code® (ANSI C2-2017) to the course. Copies can be purchased from IEEE (www.ieee.org; 800/701-4333) or through APPA ([email protected]; 202/467-2965). Participants are required to bring a laptop computer and a basic engineering calcula­tor.

Class Start/End Times

All classes will begin at 8:30 with the following exceptions:

  • Public Utility Accounting will begin at 8:30 on Monday, and 8 a.m. on Tuesday
  • Advanced Public Utility Accounting will begin at 8:30 on Thursday, and 8 a.m. on Friday
  • Overhead Distribution Systems: starts at 8 a.m. each day
  • Overhead Line Design Application Workshop: starts at 1 p.m. on Thursday and 8 a.m. on Friday

Registration/Name Badges

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

Meals

A light breakfast, afternoon snack, and beverage breaks are included in the registration fee. 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 Institute 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 Sept. 23, 2019, are entitled to a refund of their registration fee, minus a $50 cancellation fee. Registrants who cancel after Sept. 23 will not receive a refund, but attendee substitutions will be allowed for this event only. Registrants and no-shows who do not cancel by Sept. 23 are responsible for the full registration fee and are not entitled to a refund.

Where and when are the next Education Institutes?

Winter Institute
February 10-14, 2020
DeSoto Hotel
Savannah, Georgia

Spring Institute
May 4-8, 2020
Hyatt Regency Columbus
Columbus, Ohio

Questions?

Contact us at [email protected] or call 202-467-2965.