- Power and Utilities Alert 2014-4: Accounting for rate-regulated activities under IFRS
2/10/14 | Power & utilities
The International Accounting Standards Board (IASB) issued International Financial Reporting Standard 14, Regulatory Deferral Accounts (IFRS 14), an interim standard on the accounting for certain balances that arise from rate-regulated activities.
- Spotlight on accounting for power and utilities companies for 2014
2/5/14 | Power & utilities
This document highlights technical accounting and financial reporting topics that are central to the industry and should be on the minds of chief accounting officers and controllers as they establish their plans for 2014.
- Power and Utilities Alert 2014-2: Nuclear waste disposal fees
2/5/14 | Power & utilities
A recent Court of Appeals ruling, and a request by the US Department of Justice, have raised questions about the collection of nuclear waste disposal fees.
- Empowering business agility: Strengthening Internal Audit’s impact and value
2/4/14 | Power & utilities
Findings from the eighth annual survey of power and utilities chief audit executives.
- Power and Utilities Alert 2014-1: Accounting for rate-regulated activities under IFRS
1/16/14 | Power & utilities
The International Accounting Standards Board (IASB) continues to advance its rate-regulated activities projects.
- Power and Utilities: 2013 SEC comment letter trends
1/2/14 | Power & utilities
PwC’s Power and Utilities Industry Group has developed this publication to assist management teams in understanding some of the SEC’s current focus areas as well as other financial reporting hot topics.
- 13th PwC Annual Global Power & Utilities Survey
10/28/13 | Power & utilities
The PwC Annual Global Power & Utilities Survey goes to the heart of boardroom thinking in utility companies across the globe. In this, our 13th edition, we look at the pressures building up on the traditional power utility business model and the industry’s viewpoint on the transformative changes that lie ahead.
- Power and Utilities Alert 2013-9: An industry perspective on the lease accounting proposal
10/1/13 | Power & utilities
How did power and utility companies respond the to the FASB/IASB lease accounting proposal exposure draft? This Power and Utilities Alert highlights the key issues that the revised ED has raised.
- Power and Utilities Alert 2013-8: Alternative financing options for the renewable power industry
10/1/13 | Power & utilities
What regulatory changes would be required for renewable power companies to access financing alternatives such as REITs and MLPs? What are the benefits and the regulatory challenges of each alternative?
WebcastQ3 2013 Power and Utilities Executive Webcast – September 19, 2013
Power & utilities
PwC's Power and Utilities Executive Webcast Series provides practical guidance on recent regulatory and financial reporting developments. Our quarterly webcasts, designed for corporate accounting executives, keep you informed of new and emerging issues impacting the power and utilities industry, and provide insight into the recent activities of accounting related regulatory bodies.
- Power and Utilities Alert 2013-7: Accounting for rate-regulated activities under IFRS
8/27/13 | Power & utilities
The IASB’s Consultative Group met in July to discuss responses to the Request for Information (RFI) on the rate regulation project.
- Navigating divestiture challenges: Considerations unique to the power and utilities industry
7/11/13 | Transaction services
Financial information is a linchpin to understanding deal value. While deal financials are critical, other financial data often needs to be front and center in divestiture planning. Preparing for a divestiture with these needs in mind can better position sellers for success.
- IRS issues safe harbor ‘repairs’ guidance for electric generation
5/10/13 | Washington national tax services (WNTS)
The IRS recently issued Rev. Proc. 2013-24, which provides safe harbor definitions of units of property and major components that taxpayers may use in determining whether expenditures to maintain, replace, or improve steam or electric power generation property must be capitalized under Section 263(a).
- North American power deals: Q1 2013 mergers & acquisitions report
5/1/13 | Power & utilities
The North American power and utilities mergers & acquisitions (M&A) market experienced an uptick in both volume and value in the first quarter of 2013.
- Power and Utilities Alert 2013-6: Accounting for rate-regulated activities under IFRS
4/30/13 | Power & utilities
The IASB issued a Request for Information related to its project on rate-regulated activities, as well an interim standard exposure draft.
Accounting guidesGuide to Accounting for Utilities and Power Companies - 2013 edition
1/12/13 | Assurance services
PwC's newly developed Guide to Accounting for Utilities and Power Companies provides accounting guidance for reporting entities in the utility and power industry to consider when preparing financial statements in accordance with accounting principles generally accepted in the United States of America. It addresses a variety of areas such as commodity contracts, power-related investments, inventory, plant, asset retirement obligations, regulated operations, and more.
Dataline / In depthDataline: Accounting and disclosure implications of Hurricane Sandy (No. 2012-17)
11/12/12 | Assurance services
Hurricane Sandy is expected to be the second-costliest Atlantic hurricane in history, only surpassed by Hurricane Katrina in 2005. Many businesses were disrupted by Hurricane Sandy and its aftermath including the New York Stock Exchange, which was closed for two days. While not all-inclusive, this Dataline discusses several accounting and disclosure-related matters companies may encounter in dealing with the financial reporting implications of Hurricane Sandy.
- Power and Utilities Alert 2012-7: Beware of cliffs and waterfalls - Accounting for renewable investments
7/20/12 | Power & utilities
This Power and Utilities alert highlights accounting considerations for investors in renewable energy projects with tiered capital structures when applying the equity accounting method.
- Update on power and utilities accounting for rate-regulated activities under IFRS (Power and Utilities Alert 2012-6)
7/18/12 | Power & utilities
This Power and Utilities Alert describes recent developments regarding accounting for rate-regulated activities under International Financial Reporting Standards (IFRS). It includes observations related to discussions on rate-regulated activities held during an IFRS Interpretations Committee (the Committee) meeting on July 10, 2012. This Alert supplements and updates Alert 2012-5.
- Power and Utilities Alert 2012-5: Accounting for rate-regulated activities under IFRS
6/4/12 | Power & utilities
The January 2012 meeting of the International Financial Reporting Standards (IFRS) Interpretations Committee (the Committee) raised questions whether under IFRS customers within a regulatory jurisdiction can be combined into a single unit of account and how to recognize assets and liabilities.
PodcastPodcast: Business continuity management in the Utilities industry
Phil Samson and Todd Warren discuss the importance of a business continuity strategy with a specific focus on the Utilities industry in this PwC podcast.
- Power and Utilities Alert: 2012- 3
3/2/12 | Power & utilities
Fair value measurements have come under discussion and review by the Public Company Accounting Oversight Board (PCAOB) due to accounting guidance, changes in economic environments, financial instruments and valuation models. Recent SEC remarks have focused on management's responsibilities on using information from third party pricing services in fair value measurements and disclosures.
- Power and Utilities Alert 2012-01: 2011 SEC comment letter trends for the power and utilities industry
1/15/12 | Power & utilities
A key consideration in financial reporting delivering transparent financial information to investors. 2011 SEC comment letter trends for the power and utilities industry is based on a review of industry related comment letters on Form 10-Ks and Form 10-Qs published in 2011.
- Power and Utilities Alert 2012-2: 2011 technical update for the power and utilities industry
1/15/12 | Power & utilities
This 2011 technical update addresses accounting issues impacting power generators and utilities to support senior accounting and financial reporting staff for 2011 year-end financial reporting It includes a discussion of anticipated future financial reporting issues that power and utility companies should consider.