Course

Public Utility Accounting

Part of the Winter Education Institute. A must-have class for those new to public utility accounting. Learn all about FERC accounting procedures, the uniform systems of accounts, key processes and procedures, best practices, and much more.
February 4 - 5, 2019
Nashville, Tennessee

Back to Winter Institute Courses

Monday, Feb. 4 – Tuesday, Feb. 5

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 complete the registration form.

Course Fees

Members: $845
Nonmembers: $1,690
Prices increase $50 after Jan. 14

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

Beverage breaks are included in the registration fee. All 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 Jan. 28, 2019, are entitled to a refund of their registration fee, minus a $50 cancellation fee. Registrants who cancel after Jan. 28 will not receive a refund, but attendee substitutions will be allowed for this event only. Registrants and no-shows who do not cancel by Jan. 28 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].

The 2019 Winter Education Institute will take place at: 

Sheraton Grand Nashville Downtown
623 Union Street
Nashville, TN 37219

  • Main telephone: 615-259-2000
  • Group Rate: $225 Single/Double (plus tax)
  • Check-in: 3 p.m.
  • Check-out: 11:00 a.m.
  • Parking: Valet Parking: ($39/day)Self-Parking: ($35/day)
  • Internet Access: Complimentary wireless High-Speed Internet connection in sleeping rooms

Reservations

  • Reservation Cut-off Date:                January 14, 2019
  • Reservation Telephone:                   1-800-325-3535
  • Group Code:                                      APPA-2019 Winter Institute
  • Online Reservation Link:                 https://www.starwoodmeeting.com/Book/APPA2019WinterInstitute

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

The hotel is located about 10 miles from the Nashville International Airport (BNA). Please contact the hotel for transportation options.For directions and transportation options, contact the hotel directly.

Need Assistance?

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

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 Jan. 28, 2019, are entitled to a refund of their registration fee, minus a $50 cancellation fee. Registrants who cancel after Jan. 28, will not receive a refund, but attendee substitutions will be allowed for this event only. Registrants and no-shows who do not cancel by Jan. 28 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].

    Where and when is the next Institute?

    Spring Institute
    May 6-10, 2019
    Omaha Marriott Downtown at the Capitol District
    Omaha, Nebraska

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

      More questions?

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