Complex accounting and regulatory solutions

Capitalizing costs is a top concern for regulated entities as these balances serve as the basis for rate base and ultimately the entity’s net income. As a result, understanding your process for capitalization of costs and optimizing policies while adhering to accounting and regulatory rules is critical.  Our cost capitalization solutions can help your entity in this process.

Accounting for regulated entities is unique.  From interpreting rate orders and complex contracts to assessing regulatory assets and liabilities, we understand the accounting issues impacting regulated companies.  Further, the implementation of new accounting standards often requires specialized understanding of regulatory accounting impacts.  We can help on specific accounting matters that you are facing or be your on-call support team for the frontline questions that arise from running your business. We leverage the depth and breadth of PwC’s professionals to help you solve your wide-ranging accounting issues.

Regulated entities are required to adhere to Federal Energy Regulatory Commission’s Uniform System of Accounts (USofA) which serves as the basis for ratemaking with FERC. There are unique issues that impact FERC regulated entities including formula rates and other federal matters. Our professionals are highly skilled in these topics and can help regulated entities reduce their regulatory risk and achieve superior regulatory outcomes.

We offer various training courses that can be tailored to your specific needs and situations that help your company better understand the regulated environment.  Our courses include: Regulatory basics, rate case training, income taxes for regulated entities, accounting for power markets as well as ongoing technical accounting updates.