Electric Public Utilities & Licensees, Natural Gas, and Oil Pipeline companies within FERC jurisdiction are required to maintain their books and records in accordance with the Commission's Uniform System of Accounts (USofA). The USofA provides basic account descriptions, instructions, and accounting … See more Periodically, the Commission will issue orders to revise its Uniform System of Accounts and financial reporting requirements through a rulemaking process. See more Finding the needed accounting information is now easier than ever. Simply click on a topic and all of the related material will appear to include rulemakings, guidance, and releases. See more The Commission and its Chief Accountant provide guidance to, and respond to inquiries from, regulated entities on the implementation of … See more The Commission's Uniform Systems of Accounts provide that in order to maintain uniformity of accounting, regulated entities must submit questions of doubtful interpretations to the … See more WebJun 28, 2010 · Enforcement Accounting Matters Accounting Releases Allowance for Funds Used During Construction Question: A utility currently providing service to customers finances a specific plant construction project, such as pollution control facilities, with proceeds from an issue of long-term debt (bonds) which are restricted in their use to …

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WebIn addition, amounts deferred should be recorded in a regulatory asset separate from utility plant. 18.3.3 Capitalization of interest on a regulated equity method investee ASC 835-20-15-6 (e) and 55-3 provide guidance on the investor’s accounting for capitalized interest related to an investment in a regulated investee that the investor ... WebJun 28, 2010 · Question: What is the proper accounting treatment for costs incurred in hydrostatic testing of gas mains and pipelines to meet the requirements of the USAS N31.8, 1968 Code, which became Federal standards under legislation passed by Congress August 12, 1968? Answer: Costs incurred under a planned maintenance program which meet … firewall id is not running

2024 FERC Update: PwC

WebAt the federal level, FERC’s Division of Audits and Accounting (DAA) in the Office of Enforcement has the power to perform audits, access company books and records, and require companies to retain records. The DAA releases an annual audit report that details audit results, recommendations, and the entity’s commitment to improving compliance. In … WebUSOA - FERC Accounting Releases zInformal interpretations of the USOA by the Chief Accountant at FERC. zTo be followed in the absence of specific instructions within the … WebQuestion: What are the proper accounting treatment and related documentation requirements for money pool arrangements involving jurisdictional entities?. Answer: Public Utilities and Licensees, Natural Gas Companies and Oil Pipeline Companies must account for money pool arrangements and maintain the following documentation for these … etsy charms wholesale