Power and Utilities Cost of Service and Rates
Selecting an Expert Witness for Electric Rate or Contract Disputes? Here’s some considerations
An expert witness can be one of the crucial building blocks for supporting a contract or electric rate dispute. Disputes are part of the business and an expert witness can provide strong, supportive arguments and evidence in areas where your team may not have the expertise.
FERC Accounting Report 2023 - Not just compliance, but best practices
This article discusses the 2023 FERC compliance audit report on issues from auditors. Here are areas of focus, not just for a FERC rate filing, but as best practices.
FERC Accounting Report 2022 Uses Data Analytics to Identify Areas for Review
This article discusses the 2022 FERC compliance audit report on issues from auditors. It can be helpful to consider this FERC view when considering items to include in electric rates or accounting approaches to take on various transactions.
Are you part owner of a power plant? Regular joint power supply contract audits will help you sleep at night
A common arrangement in the power supply process is joint ownership of power plants. Joint ownership arrangements involve two or more owners of a power plant, with one of the owners called the operator owner, who operates the power plant, bills the owners for operating costs, and all owners partake of the power supply. The joint ownership is governed by an overall power supply agreement, which designates various committees (management, operating, and finance) that are charged with the governance and management of the contract.
The contracts generally have audit provisions that allow any owner to audit billings under the contract, using their own personnel or through an independent party such as an accounting firm. Regular audits are beneficial to all owners - we’ll discuss the areas why.