Course

Public Utility Accounting

Part of the Winter Education Institute. This foundational course is designed around the FERC Uniform System of Accounts, covering every relevant FERC account.
February 10 - 11, 2020
Savannah, Georgia

Back to Winter Institute Courses

Monday, February 10 – Tuesday, February 11

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 and view a chart of the Winter Institute courses.

 

Registration received on/before Jan. 20 Registration received after Jan. 20
  Members Others Members Others
Accounting
Public Utility Accounting - Feb. 10-11 $995 $1,990 $1,045 $2,040
Work Order & Asset Management - Feb. 12 $625 $1,250 $675 $1,300
Advanced Public Utility Accounting - Feb. 13-14 $995 $1,990 $1,045 $2,040
 
Cost of Service & Rate Design
Basic Cost of Service - Feb. 10 $625 $1,250 $675 $1,300
Intermediate Cost of Service - Feb. 11-12 $995 $1,990 $1,045 $2,040
Strategic Rate Design: Trends & Distributed Generation Impacts - Feb. 13-14 $845 $1,690 $895 $1,740
 
Key Accounts Certificate Program
Key Accounts Certificate Program - Feb. 10-14* $2,600   $4,800  $2,850 $5,050
  • Electric Utility Industry Overview - Feb. 10

$625

$1,250

$675

$1,300

  • Implementing a Customer-Focused Key Accounts Program – Feb. 11

$625

$1,250

$675

$1,300

  • Developing Your Key Accounts Representative – Feb. 12

$625

$1,250

$675

$1,300

  • The Effective Key Accounts Toolbox – Feb. 13-14 

$845

$1,690

$895

$1,740

  • Key Accounts Certificate Program Enrollment Fee**
$350 $350 $350 $350
 

Technical Training

Underground Distribution Systems – Feb. 10-13 $1,595 $3,190 $1,645 $3,240
Advanced Underground Distribution System – Feb. 13-14  $625 $1,250 $675 $1,300

*Includes all required courses and the program enrollment fee—everything you need to participate in and graduate from the certificate program.

**The program enrollment fee covers the cost of study material, exam grading, and review of the post-course project. This fee is included in the program package price.

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 breakfast, afternoon snack, and beverage breaks are included in the registration fee. All other meals are on your own.

Internet Access

WiFi may only be available in hotel common areas (sleeping rooms and hotel lobby), and will not be available in APPA meeting rooms. 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 Feb. 3, 2020, are entitled to a refund of their registration fee, minus a $50 cancellation fee. Registrants who cancel after Feb. 3 will not receive a refund, but attendee substitutions will be allowed for this event only. Registrants and no-shows who do not cancel by Feb. 3 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 2020 Winter Education Institute will take place at the:

DeSoto Hotel
15 East Liberty Street
Savannah, GA 31401

Reservations

  • Main telephone: 844-257-3520
  • Group Rate: $199 (Single/Double) per night (plus tax)
  • Check-in: 4 p.m.
  • Check-out: 11 a.m.
  • Parking: Valet Parking is $34/night
  • Room Rate Cut-off Date: January 20
  • Group Code: PUB
  • Online Reservation Link: American Public Power Association 2020 Winter Institute

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 DeSoto Hotel. The hotel is located about 15 miles from the Savannah/Hilton Head airport (SAV). 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.
     
  • Key Accounts Certificate Program: The last day of the certificate program focuses on the Customer Action Plan post-course requirement. The instructor will walk participants through the CAP development process, so they will have a portion of the plan completed when they leave class. Participants are asked to bring a 1) laptop and 2) information on a key account customer they intend to run through the CAP process. Attendees will receive more information on these requirements a week before the course.

Class Start/End Times

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

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.

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 Feb. 3, 2020, are entitled to a refund of their registration fee, minus a $50 cancellation fee. Registrants who cancel after Feb. 3 will not receive a refund, but attendee substitutions will be allowed for this event only. Registrants and no-shows who do not cancel by Feb. 3 are responsible for the full registration fee and are not entitled to a refund.

Where and when are the next Education Institutes?

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

Fall Institute
Sept. 28-Oct. 3, 2020
Renaissance Seattle
Seattle, Washington

Questions?

Contact us at [email protected] or call 202-467-2977.