Course

Public Utility Accounting

Part of the Spring Education Institute
May 6 - 7, 2019
Omaha, Nebraska

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Monday, May 6 – Tuesday, May 7

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

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. 

The course provides a comprehensive overview of the FERC Uniform System of Accounts (USoA), which is the industry standard for electric utilities, covering every single relevant FERC account. Learn the proper usage of each account, preparation of FERC based income statements and balance sheets, along with the supporting charts of accounts. 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 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.

Register online or fill out the registration form.

Course Fees

Members: $995
Nonmembers: $1,990

Prices increase $50 after April 15

Interested in attending another course at the Spring Institute? More information on courses and fees are available on the main Spring 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 April 29, 2019, are entitled to a refund of their registration fee, minus a $50 cancellation fee. Registrants who cancel after April 29 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 29 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 Spring Education Institute will take place at the:

Omaha Marriott Downtown at the Capitol District
222 N 10th Street
Omaha, Nebraska 68102

  • Main telephone: (402) 807-8000
  • Group Rate: $169 (Single/Double) per night (plus 18.72% State and Local Taxes)
  • Check-in: 3 p.m.
  • Check-out: 12 p.m.
  • Parking: Valet Parking: ($23/day), Self-Parking: ($17/day)

Reservations

Please note: We expect the block of rooms to sell out prior to April 15, 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 Omaha Marriott Downtown at the Capitol District. The hotel is located 3.5 miles from the Omaha Eppley Airfield Airport (OMA). Please contact the hotel for transportation options.

Hotel Reservation & Cancellation Policy

All reservations require a non-refundable room deposit equal to one night room and tax that will be charged to your credit card at the time your reservations is made. Note: In the event that the American Public Power Association cancels a course, this deposit will be waived.

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.
     
  • Applied Electrical Distribution Theory: Participants are required to bring a scientific calculator
     
  • Electrical Distribution Principles, Applications and Improvements: Participants are required to bring a scientific calculator and are encouraged to bring copies of distribution planning criteria and design guides from their utility for class reference and discussion.
     
  • Strategic Leadership for Public Power: Some advance preparation is necessary: Participants will need to complete the following items prior to class (detailed instructions will be supplied after registration is received):
    • ACCESS Leadership questionnaire (to be completed by their manager and themselves)
    • Learning plan
    • Online personal values assessment
    • Read a brief discussion of Action Learning
    • Potential post-course project ideas (if you’re planning to work towards the Public Power Manager Certificate)

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
  • Strategic Leadership for Public Power: Tuesday: 1:30 – 5 p.m. Wednesday & Thursday: 8:30 a.m. – 4:30 p.m. Friday: 8 a.m. – 3 p.m.

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, 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.

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 April 29, 2019, are entitled to a refund of their registration fee, minus a $50 cancellation fee. Registrants who cancel after April 29 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 29 are responsible for the full registration fee and are not entitled to a refund.

    Where and when are the next Education Institutes?

    Fall Institute
    September 30 - October 4, 2019
    Hotel Contessa
    San Antonio, Texas

    More questions?

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