Partnership Between National Association of Regulatory Utility Commissioners Energy Regulatory Partnership Program

Transcription

1 Partnership Between National Association of Regulatory Utility Commissioners Energy Regulatory Partnership Program and The National Commission for Energy State Regulation of fukraine Eighth Partnership Activity

2 Utility Financial Reporting to the D.C. Public Service Commission 1. Natural gas and electric utilities file quarterly financial reports; 4 th quarter report is annual report 2. Telecommunication providers file an annual financial report 3. Natural gas and electric utilities file reports of major billing g p j g errors. Report describes cause of error, remedy, and corrective action plan to avoid repeat of billing error; examples include computer hardware/software faults.

3 Utility Financial Reporting to the D.C. Public Service Commission Extensive financial information included in utility general rate case applications: Depreciation study, Operating and Maintenance Expenses Lead-lag study to identify working cash requirements Discounted cash flow analysis to forecast rate of return (utility earnings) Cost of debt Allowance for funds used during construction

4 Utility Financial Reporting to the D.C. Public Service Commission Utility bookkeeping multiple accounting methods Uniform systems of accounts for natural gas and electric companies, respectively; uniform system of accounts adopted d by Federal Energy Regulatory Commission and incorporated for use by utilities regulated by DC-PSC; reporting on stand-alone basis System of accounts required by U.S. Securities and Exchange Commission for reporting by publically traded corporations; reporting consolidated d financial i information for wholly-owned affiliates and subsidiary companies

5 Other Methods of Obtaining Utility Financial Information Commission data requests example, data request seeking Pepco information on its overnight lending or borrowing of cash balances between itself and affiliated companies Commission ordered investigations example, investigation of Pepco executive compensation

6 Utility Financial Reporting Other Public Access to Utility Financial Information Utilities whose stock shares are publicly traded must file quarterly (10Q) and annual financial (10K) statements and other information with the U.S. Securities and Exchange Commission ( SEC ) Financial reports filed with the SEC are generally available to the public through the SEC s EDGAR web-based document retrieval system.

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11 Annual Financial Report Required by the Federal Energy Regulatory Commission Utilities that also provide transmission services between states or from within one state and to another country are also natural gas companies or electric companies whose interstate or foreign commerce transmission services are subject to regulation by the Federal Energy Regulatory Commission ( FERC ). FERC requires natural gas companies and electric companies q g p p subject to its regulation to file annual financial reports; FERC Form 1 (electric companies), FERC Form 1-F (small electric companies), FERC Form 2 (natural gas companies, FERC Form 2A (small natural gas companies)

12 Form No. 1 - Annual Report of Major Electric Utility Summary Information Downloads & Links The Form No. 1 is a comprehensive financial and operating report submitted for Electric Rate regulation and financial audits. Major is defined as having (1) one million Megawatt hours or more; (2) 100 megawatt hours of annual sales for resale; ;(3) 500 megawatt hours of annual power exchange delivered; or (4) 500 megawatt hours of annual wheeling for others (deliveries plus losses). Form 1 Filings Form 1 Filings Chapter: 18 CFR OMB #: , expires 12/31/2014 Filing Date: April 18 Form No. 1 with Instructions Data (Current and Historical) Electronic Submission Software Viewer Instructions & Download Form No. 1 Transmittal Letter (updated 03/19/2013) 2008 Validation Software Checks OrdersOrder No. 715 Order on Financial Form Software AD Accounting Guidance AI

13 Form No. 2 - Major Natural Gas Pipeline Annual Report Summary Information Downloads & Links The Form No. 2 is a compilation of financial and Chapter: 18 CFR operational information from major interstate natural gas pipelines subject to the jurisdiction OMB #: , exp of the FERC. The form contains data for a 10/31/2014 calendar year. Among other things, the form contains a Comparative Balance Sheet, Filing Date: April 18 Statement of Income, Statement of Retained Earnings, Statement of Cash Flows, and Notes to Financial Statements. Major is defined as having combined gas transported or stored for a fee that exceeds 50 million dekatherms. Form No. 2 with Instructions 2011 Form 2 Instructions for Page 521 Data (Current and Historical) Electronic Submission Software Viewer Instructions & Download Form No. 2 Transmittal Letter (updated 03/19/2013) 2008 Validation Software Checks OrdersOrder No. 710-C Order No. 710-B Order No. 710-A Order No. 710 Order on Financial Form Software AD Accounting Guidance AI Order on CEII Designation

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