Utility deregulation: How does it affect financial reporting?

✍ Scribed by Robert C. Lipe

• Book ID: 102874648
• Publisher: John Wiley and Sons
• Year: 1998
• Tongue: English
• Weight: 548 KB
• Volume: 9
• Category: Article
• ISSN: 1044-8136
• DOI: 10.1002/jcaf.3970090411

✦ Synopsis

Electric power utilities represent a fairly big group of companies. Everyone knows that the industry is being deregulated. But how will it afect financial reporting? And what issues involve non-utility companies? any things are changing at your local utility. In fact, it may no longer M be producing your electricity. A large part of my job as the Academic Accounting Fellow in the Office of the Chief Accountant was to monitor state and federal efforts to deregulate electric utilities, and to determine if those efforts should cause utilities to change their financial reporting. This article reviews some of the issues we faced, and it concludes with some observations about how CFOs can manage energy costs in a deregulated environment.