MSU: IPU Accounting and Ratemaking Course
CONTENT SCOPE
- Audit and compliance
- Affiliate transactions
- Accounting for Asset Retirement Obligations
- Decommissioning and stranded asset costs
- Accelerated Depreciation concepts including means to respond to evolving asset useful lives (two aspects: referring to tax and accounting methods for changing useful life and depreciation method)
- Construction Work in Progress (CWIP) and Allowance for Funds Used During Construction (AFUDC) and carrying cost on deferral accounts
- Cost of capital decomposed (financial risk, credit risk, RoE and fair return standard)
- Impact of Capital vs O&M categorization
- Accounting for Government contribution
- Treatment of Pension and Post Retirement Benefits
- Tax normalization (related to mergers & acquisition?) and flow through
- Advanced accounting topics regarding non-wires alternatives and distributed energy resources
- Deferral and Variance Accounts in CoS
- Natural monopolies and rates based on the costs of service.
- Operating and capital costs.
- Variables the regulator considers in establishing Cost of Service and reflecting in rates
- Principles that inform regulatory discretion, and what makes cost of capital so contentious
- Depreciation
- Determining how to equitably divide revenue requirement amongst ratepayer classes
- Design of rates and charges to collect revenue from each class
- Load Retention, Riders & Deferrals
- Approaches to address affordability
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