Power & Utilities publications




Putting the success in succession: Power & Utilities Sector Edition
Power and Utilities organizations have a higher proportion of workers eligible for retirement compared to the all-industry average. Sixty-two percent of the power and utilities workforce has the potential to retire over the next five years, and 52% of skilled engineers will need to be replaced by 2020.
North American power deals: Q2 2014 mergers & acquisitions report
The number of deals valued at more than $50 million came in at 13, up significantly from the 7 deals from a year ago. Total deal value increased by 179%, and the average deal value increased by 50%
Beyond compliance: Creating a new norm in gas pipeline leak management
In the new norm, leak survey is no longer viewed simply as a compliance activity—it is integrated with risk assessment, work identification, and investment planning to transform integrity management and enhance pipeline safety.
North American power deals: Q1 2014 mergers & acquisitions report
The number of deals valued at more than $50 million came in at 7, down slightly from the 9 deals from a year ago. The total value of the deals, however, grew by 46%, and the average value grew by 88%.
17th Annual Global CEO Survey: Power and Utilities industry perspectives
Power & utilities CEOs are counting on technology to help cope with the looming energy transformation, according to PwC's 17th Annual Global CEO Survey. Increasing IT spend, investing in R&D readiness, and improving customer retention and trust are high on the agenda.
Enhancing the value of generation assets: PwC’s Generation Contribution Margin (GCM) framework
PwC’s Generation Contribution Margin (GCM) framework provides a simple, consistent approach for measuring, monitoring, and communicating performance across generation operations and portfolio management/trading, promoting better decision making that can enhance the value of the generation portfolio.
Power and Utilities Alert 2014-2: Nuclear waste disposal fees
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.
Spotlight on accounting for power and utilities companies for 2014
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.
Empowering business agility: Strengthening Internal Audit’s impact and value
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
The International Accounting Standards Board (IASB) continues to advance its rate-regulated activities projects.
Power and Utilities Alert 2013-11: 2013 Spotlight on financial reporting
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.
Power and utilities changing workforce
Workforce changes are re-shaping the risk profiles of power & utilities companies. A systematic approach could help attract and retain core know-how, and transfer industry knowledge to a younger generation.
Key findings for power & utility companies from The Global State of Information Security® Survey 2014
While many utilities organizations have improved their cyber security practices, threats are constantly multiplying and evolving. Read the key findings and implications for power & utility companies from The Global State of Information Security® Survey 2014.
13th annual PwC Global Power & Utilities Survey
What are the business issues, future scenarios, and regional differences in the global power and utilities market? PwC's 13th Annual Global Power and Utilities Survey asked executives from more than 50 companies in 35 countries for their insights into these questions.

Assets

Beyond compliance: Creating a new norm in gas pipeline leak management
In the new norm, leak survey is no longer viewed simply as a compliance activity—it is integrated with risk assessment, work identification, and investment planning to transform integrity management and enhance pipeline safety.

A winning field mobility deployment approach for power and utility companies
Mobile technology is changing the way that power and utility companies operate their businesses, from the job site to the back office. Utilities that successfully deploy mobility solutions achieve productivity improvements of 20% to 30%.

5th Annual Digital IQ Survey - Conversations with the C-Suite - Utilities Industry Key Findings
PwC’s Digital IQ Survey is an annual assessment of how well companies understand the value of technology and weave information technology into the fabric of their organization.

Gridlines: What's next for nuclear power?
This PwC publication takes a pragmatic look at the long-term plans and actions that will be required to move the energy transformation ahead. That’s where nuclear power continues to fit in, according to many scientists and policy makers. Nuclear faces challenges, of course, but how they are being met is the subject of this issue of Gridlines.

Successful capital projects: The integrated risk framework
Capital investment projects are more closely scrutinized today than ever before. To rein in costs and chart a path to success, companies must employ sound methodologies that guide decision making from project start to finish. This report provides framework around the adoption of a governance approach that drives high-performance capital projects.

Leveraging your inventory assets
The pressure on utilities, from both the capital markets and regulators, to reduce operational costs is causing industry leaders to look at how they can enhance supply chain performance. Utility supply chains have a complicated assignment, coping with such factors as a diverse material base, uneven and unpredictable demand, and the need to maintain safety stock and critical spares to respond to emergencies. Even so, solutions must be found to optimize inventory levels, reduce inventory management costs, and minimize obsolescence costs while maintaining service and availability levels. The answer is to leverage inventory and manage it as an asset.

 

Commodities

Enhancing the value of generation assets: PwC’s Generation Contribution Margin (GCM) framework 
PwC’s Generation Contribution Margin (GCM) framework provides a simple, consistent approach for measuring, monitoring, and communicating performance across generation operations and portfolio management/trading, promoting better decision making that can enhance the value of the generation portfolio.

 

Customer

10 Minutes on Remaking Utilities
Aside from billing matters and service calls, customers historically have had little interaction with their utility providers. So it stands to reason that customer engagement remains a hurdle for traditional utility companies.

 

Deals

PwC perspectives on delivery of an independent YieldCo business
A key success factor to any YieldCo structure is a pipeline of projects under development or available for purchase that will afford the vehicle a steady stream of stable contracted cash flow, tax benefits and growth. While there are key benefits to this model, the risks should also be considered.

Power and Utilities Alert 2013-8: Alternative financing options for the renewable power industry
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?

Navigating divestiture challenges: Considerations unique to the power and utilities industry
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.

North American Power Deals
This report presents an analysis of North American merger and acquisition activity in the power and utilities industry.

 

Employee

Power and utilities changing workforce
Workforce changes are re-shaping the risk profiles of power & utilities companies. A systematic approach could help attract and retain core know-how, and transfer industry knowledge to a younger generation.

Utilities Sector Executive Summary of PwC Saratoga’s 2013/2014 Human Capital Effective Report
PwC Saratoga Utilities Consortium brings together utilities companies to focus on the unique challenges of the industry and to provide a forum through which workforce and HR topics can be benchmarked and best practices shared. This year's Executive Summary for the Utilities Sector focuses on key trends from the participating organizations across dozens of utility specific workforce measures.

 

Financial Integrity

Power and Utilities Alert 2013-9: An industry perspective on the lease accounting proposal
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 2013-7: Accounting for rate-regulated activities under IFRS
The IASB’s Consultative Group met in July to discuss responses to the Request for Information (RFI) on the rate regulation project.

 

Regulations

Power and Utilities Alert 2014-4: Accounting for rate-regulated activities under IFRS - February 2014
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.

Power and Utilities Alert 2014-2: Nuclear waste disposal fees
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.

Spotlight on accounting for power and utilities companies for 2014
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.

Business continuity and disaster recovery: Enhancing enterprise resiliency for the power and utilities industry
Business continuity is becoming a growing part of government-based preparedness initiatives. While utilities are well versed in the necessities of ensuring reliability during challenging events, the 'business continuity' focus doesn't typically have the same maturity.

 

Risk Assurance

Empowering business agility: Strengthening Internal Audit’s impact and value
Findings from the eighth annual survey of power and utilities chief audit executives.

Connecting the dots on risk: Internal audit departments are developing a more comprehensive view of the risks facing their organizations
Internal audit executives in the power and utilities industry are responding to a more complex operating environment by collaborating with other risk assurance providers to generate a more complete view of risks facing their organization. This report presents the findings from PwC's Power and Utilities Chief Audit Executives Survey.

Changing privacy risks and the data protection landscape
The unique challenges facing utilities compound the need for a holistic, risk-based data protection program- one that addresses the privacy considerations of today yet is flexible enough to manage constantly evolving risks and regulations.

 

Tax

Abandonment losses Key considerations for Power & Utilities Executives
The tax implications of closing a plant can vary widely depending upon many factors, and thus it is important to thoroughly evaluate the various possibilities before deciding upon a course of action or making any sort of public announcement.

Assurance

PwC perspectives on delivery of an independent YieldCo business
In this publication, we provide a roadmap for setting up a stand-alone business unit and launching a publicly traded YieldCo. We outline the phases and key steps, from designing the strategy and operational model to implementing, launching, and operating the new YieldCo.

Power and Utilities Alert 2014-4: Accounting for rate-regulated activities under IFRS - February 2014
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.

Power and Utilities Alert 2014-2: Nuclear waste disposal fees
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.

Spotlight on accounting for power and utilities companies for 2014
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.

Empowering business agility: Strengthening Internal Audit’s impact and value
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
The International Accounting Standards Board (IASB) continues to advance its rate-regulated activities projects.

Power and Utilities Alert 2013-11: 2013 Spotlight on financial reporting
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

Power and Utilities Alert 2013-9: An industry perspective on the lease accounting proposal
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 2013-7: Accounting for rate-regulated activities under IFRS
The IASB’s Consultative Group met in July to discuss responses to the Request for Information (RFI) on the rate regulation project.

 

Capital Projects & Infrastructure

Beyond compliance: Creating a new norm in gas pipeline leak management
In the new norm, leak survey is no longer viewed simply as a compliance activity—it is integrated with risk assessment, work identification, and investment planning to transform integrity management and enhance pipeline safety.

Gridlines: What's next for nuclear power?
This PwC publication takes a pragmatic look at the long-term plans and actions that will be required to move the energy transformation ahead. That’s where nuclear power continues to fit in, according to many scientists and policy makers. Nuclear faces challenges, of course, but how they are being met is the subject of this issue of Gridlines.

Successful capital projects: The integrated risk framework
Capital investment projects are more closely scrutinized today than ever before. To rein in costs and chart a path to success, companies must employ sound methodologies that guide decision making from project start to finish. This report provides framework around the adoption of a governance approach that drives high-performance capital projects.

 

Customer Impact

10 Minutes on Remaking Utilities
Aside from billing matters and service calls, customers historically have had little interaction with their utility providers. So it stands to reason that customer engagement remains a hurdle for traditional utility companies.

 

Deals

North American power deals: Q1 2014 mergers & acquisitions report (
The number of deals valued at more than $50 million came in at 7, down slightly from the 9 deals from a year ago. The total value of the deals, however, grew by 46%, and the average value grew by 88%.

Navigating divestiture challenges: Considerations unique to the power and utilities industry
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.

 

People & Change

Power and utilities changing workforce
Workforce changes are re-shaping the risk profiles of power & utilities companies. A systematic approach could help attract and retain core know-how, and transfer industry knowledge to a younger generation.

Utilities Sector Executive Summary of PwC Saratoga’s 2013/2014 Human Capital Effective Report
PwC Saratoga Utilities Consortium brings together utilities companies to focus on the unique challenges of the industry and to provide a forum through which workforce and HR topics can be benchmarked and best practices shared. This year's Executive Summary for the Utilities Sector focuses on key trends from the participating organizations across dozens of utility specific workforce measures.

 

Risk Assurance

Connecting the dots on risk: Internal audit departments are developing a more comprehensive view of the risks facing their organizations
Internal audit executives in the power and utilities industry are responding to a more complex operating environment by collaborating with other risk assurance providers to generate a more complete view of risks facing their organization. This report presents the findings from PwC's Power and Utilities Chief Audit Executives Survey.

Changing privacy risks and the data protection landscape
The unique challenges facing utilities compound the need for a holistic, risk-based data protection program- one that addresses the privacy considerations of today yet is flexible enough to manage constantly evolving risks and regulations.

 

Supply chain management

Leveraging your inventory assets
The pressure on utilities, from both the capital markets and regulators, to reduce operational costs is causing industry leaders to look at how they can enhance supply chain performance. Utility supply chains have a complicated assignment, coping with such factors as a diverse material base, uneven and unpredictable demand, and the need to maintain safety stock and critical spares to respond to emergencies. Even so, solutions must be found to optimize inventory levels, reduce inventory management costs, and minimize obsolescence costs while maintaining service and availability levels. The answer is to leverage inventory and manage it as an asset.

 

Tax

Abandonment losses Key considerations for Power & Utilities Executives
The tax implications of closing a plant can vary widely depending upon many factors, and thus it is important to thoroughly evaluate the various possibilities before deciding upon a course of action or making any sort of public announcement.

 

Technology

Key findings for power & utility companies from The Global State of Information Security® Survey 2014
While many utilities organizations have improved their cyber security practices, threats are constantly multiplying and evolving. Read the key findings and implications for power & utility companies from The Global State of Information Security® Survey 2014.

A winning field mobility deployment approach for power and utility companies
Mobile technology is changing the way that power and utility companies operate their businesses, from the job site to the back office. Utilities that successfully deploy mobility solutions achieve productivity improvements of 20% to 30%.

5th Annual Digital IQ Survey - Conversations with the C-Suite - Utilities Industry Key Findings
PwC’s Digital IQ Survey is an annual assessment of how well companies understand the value of technology and weave information technology into the fabric of their organization.