roundtable questions topics list · 2017. 5. 17. · 1 . roundtable questions. topics list . please...

1

ROUNDTABLE QUESTIONS

TOPICS LIST

Please indicate on the roundtable question sheet (under TOPIC) one of the following topics which most nearly fits your roundtable question. If a major topic has not been listed, please add your own topic.

□ Accounting □ Management Practices (Training/Staffing) □ Account Classification □ Minor Items of Property □ AFUDC □ Non-utility Plant □ Automated Systems □ Budgets

□ Nuclear □ Overheads

□ Capital vs. Expense □ Plant Life Extensions □ Capitalization □ Production Plant □ Cogeneration □ Rate Case Treatment □ Competition / Deregulation □ Records Retention □ Computer & Communication Equipment

□ Regulatory Matters □ Relocations

□ Construction Work in Process □ Research & Development □ Continuing Property Records □ Retirement Practices □ Cost Allocations □ Scrap Material □ Cost of Removal / Salvage □ Small Tools □ Contributions in Aid of Construction □ Standard Lost □ Depreciation □ Storm Damages □ FASB 96 / 106 / 109 / 121 & Others □ Tax Matters (Deferred, ITC, etc.) □ Fiber Optics □ Units of Property □ General Plant □ Unitization □ Insurance Recoveries □ Waste Disposal □ Inventories □ Work Order System □ Joint-Owned Facilities □ Other _______________________ □ Leases

2

MULTIPLE CHOICE/ YES-NO

AGA/EEI ROUNDTABLE QUESTION

Pei Sue Ong________________________________________________________________

Submitted By

Account Classification __________________________________________

Topic

Pacific Gas & Electric Company (PG&E)___________________________________________

Company

[email protected]______________________________________________________________

Email

Question

Which asset class do you assign to “retirement units” that are installed at a training facility for the purpose of employee training? E.g. Poles that are installed at training facilities for employees to learn how to climb poles.

(a) Functional account in Distribution or Transmission Plant (e.g. FERC Acct 364 Poles/Towers/Fixtures)

(b) Building Structure and Improvements in General Plant (e.g. FERC Acct 390 Structure and Improvements)

(c) Tools in General Plant (e.g. FERC Acct 394) (d) Other. Please describe_______________________________ (e) Expensed

3



Pei Sue Ong________________________________________________________________

Submitted By

Automated Systems __________________________________________

Topic

Pacific Gas & Electric Company (PG&E)__________________________________________

Company

[email protected]______________________________________________________________

Email

Question

(i) Does your company use Geographical Information System (GIS)? (ii) Has your company reconciled your plant accounting asset records with GIS? (iii) Has your company automated the receipt of quantity information from GIS into Plant

Accounting Asset records systems?

4



Paul Mertens____________ ____________________________________________________

Submitted By

Benefit Costs __________________________________________

Topic

Ameren

Company

[email protected]

Email

Question

When capitalizing benefits, does your company use actual expenses incurred or expected annual expenses?

mailto:[email protected]

5



Duke Energy ______________________________________________________________

Submitted By

Betterments _________________________________

Topic

Duke Energy _____________________________________

Company

[email protected] _______________________________

Email

Linda Miller, Manager Accounting _________________________________________

Member Name

Question

Pertaining to FERC CFR Electric Instruction No.10 regarding additions of minor items:

Would you capitalize the betterment of a minor item, even though it is not being replaced?

Example: a weld as a minor item to pipe, where the weld is being bettered to avoid degradation, but the pipe is not specifically benefiting because its durability is sufficient.


6



Jessica Helland_____________________________________________________________

Submitted By

Capital Policy_______________________________________________________________

Topic

Xcel Energy_________________________________________________________________

Company

[email protected]_______________________________________________

Email

__________________________________________________________________________

Member Name

Question

Does your company have an Electric Vehicle program where the meter is embedded in the supply equipment? If so, is the cost to install the supply equipment/meter capitalized?

7



Jessica Helland_____________________________________________________________

Submitted By

Capital Policy_______________________________________________________________

Topic

Xcel Energy________________________________________________________________

Company

[email protected]_______________________________________________

Email

___________________________________________________________________________

Member Name

Question

Does your company currently capitalized SaaS software licenses if they meet accounting requirements (contractual right to take possession with no significant penalty and ability to move solution on premises)? If so, are they only capitalized if prepaid?

8



Andee Hughes_____________________________________________________________

Submitted By

Capitalization vs Expense____________________________________________________

Topic

Southwest Gas Corporation _________________________________________________

Company

[email protected]__________________________________________________

Email

Andee Hughes_____________________________________________________________

Member Name

Question

Do you capitalize employee time when updating the mapping system for new assets?

9



Andee Hughes_____________________________________________________________

Submitted By


Topic


Company

[email protected]__________________________________________________

Email

Andee Hughes_____________________________________________________________

Member Name

Question

Do you capitalize or expense costs related to recertification of contractors that are performing construction work? Due to regulations, this recertification is required and the contractors will not be allowed to install pipe without it.

10



Andee Hughes_____________________________________________________________

Submitted By


Topic


Company

[email protected]__________________________________________________

Email

Andee Hughes_____________________________________________________________

Member Name

Question

Do you capitalize or expense costs for refurbishing meters? The original meter is not retired. The meter is sent back to the manufacturer to refurbish these meters and the meters are placed back into the system once it is received back from the manufacturer. The cost to refurbish the meter is 1/3 the cost of purchasing a new meter.

11



Pei Sue Ong________________________________________________________________

Submitted By

Capital vs. Expense __________________________________________

Topic

Pacific Gas & Electric Company (PG&E)__________________________________________

Company

[email protected]______________________________________________________________

Email

Question

What’s your guideline on development costs for energy storage facilities?

i. Do you defer or expense preliminary survey and investigation costs as required by the competitive bid for specific energy storage facilities prior to the bid approval? Defer ______ Expense ______ (Please select your choice if not applicable)

ii. If expensed, how do you record the expense? O&M ______ Below-the-Line ______

iii. If deferred, how do you record the write-off for failed bid? O&M ______ Below-the-Line ______

12



Sylvia Cunningham

Submitted By

Continuing Property Records______ ____________________________________________

Topic

NorthWestern Energy__________________________________________________________

Company

[email protected]____________________________________________

Email

Sylvia Cunningham ______________________________________________

Member Name

Question

How does your company retain old source documents (i.e. journal entries, vouchers)? Property accounting related source documents?

Electronically (i.e. scanned)?

Paper files ?

Microfiche?

Microfilm?

13



Duke Energy__________________________________________________________________

Submitted By

Indirect Construction Costs _________________________________

Topic

Duke Energy _____________________________________

Company

[email protected] _______________________________

Email

Linda Miller, Manager Accounting ________________________________________________

Member Name

Question

When office space is needed for incremental employees due to a specific construction initiative, and the leased space does not qualify for capital lease, would you capitalize the lease expenses because it is necessitated by the construction initiative?


14



Vicky Schappell______________________________________________________________

Submitted By

Litigation Costs________________________________________________________________

Topic

UGI Utilities__________________________________________________________________

Company

[email protected]__________________________________________________________

Email

___________________________________________________________________________

Member Name

Question

Does your company capitalize or expense any litigation costs associated with moving meters

from inside to outside?

15



Duke Energy__________________________________________________________________

Submitted By

Substation Capitalization Thresholds _________________________________

Topic

Duke Energy _____________________________________

Company

[email protected] _______________________________

Email

Linda Miller, Manager Accounting_________________________________________________

Member Name

Question

Do you have either a voltage or dollar floor for capitalization of substation instrumentation and control retirement units?

Example: relay greater than $5,000 or motor control greater than 480 Volts AC?


16



Paul Mertens________________________________________________________________

Submitted By

Unitization_____ ____________________________

Topic

Ameren

Company

[email protected]

Email

Question

What is an acceptable unitization backlog for your company?

Less than 6 months – If less than 6 months, how do you record late charges? Do you have to re-unitize the incremental costs?

Six Months to a year

One to two years

Greater than two years


17



Jim Dugan _______ __________________________________________

Submitted By

Asset Retirement Obligations ________________________________________

Topic

Eversource Energy _________________________________________________

Company

[email protected] ____________________________________

Email

Michele Roncaioli _ _______________________________________

Member Name

Question

Do you get recovery on your Asset Retirement Obligations?

Does your company clear the regulatory asset and liability and charge the removal costs to COR?


18



Janessa Stromberger _________________________________________________

Submitted By

Project Structure ____ ____________________________________

Topic

Avista Corporation _________________________________________________

Company

[email protected] ____________________________________

Email

___________________ ______________________________

Member Name

Question

When setting up a project, do you have a different project for each functional group, one project that encompasses all of the work (tran, dist, substation, etc), or other?


19



Caron Wold_____________________________ ____________________

Submitted By

Spare Equipment__________________________ ______________

Topic

American Transmission Co_________________________________________________

Company

[email protected] ___________________ _________________

Email

________________________________ ______________ _

Member Name

Question

Do you capitalize spare minor units of property?

20



Caron Wold______________________________ ___________________

Submitted By

Spare Equipment_____________________ ___________________

Topic


Company

[email protected] _____________ _______________________

Email

_______________________ __________________________

Member Name

Question

Does your company have a policy for capitalization of spare equipment that specifies how many units of each type of equipment can be kept as capital spares and included in rate base?

21



Caron Wold_________________________________ ________________

Submitted By

Capital Work Orders________________________ ________________

Topic


Company

[email protected] ____________________ ________________

Email

________________________________________ _________

Member Name

Question

Does your company have a policy that addresses how long past the in-service date a work order may be charged? If so, is it 0-3 months? 3-6 months? 6-12 months? 12+ months?

22



Caron Wold______________________________________ ___________

Submitted By

Capital Work Orders_________________________ _______________

Topic

American Transmission Co________________________________________ _________

Company

[email protected] ___________________________________ _

Email

________________________________ _________________

Member Name

Question

Does your company have a policy regarding timely unitization? What is your target time from work order completion to unitization? 0-3 months? 3-6 months? 6+ months?

23



Caron Wold__________ _______________________________________

Submitted By

ARO_________ _______________________________

Topic


Company

[email protected] ______ ______________________________

Email

____________ _____________________________________

Member Name

Question

If you had a requirement to either dispose of an asset in a certain way or recycle it, would you record an ARO for disposal costs if it is your practice to recycle?

24



Caron Wold__________ _______________________________________

Submitted By

ARO_________ _______________________________

Topic


Company

[email protected] ______ ______________________________

Email

____________ _____________________________________

Member Name

Question

Do you record AROs for substation batteries?

25



Joe Cedrone__________________________ _______________

Submitted By

Inside Plant Accounting Manual__________________ ________

Topic

Consolidated Edison _____________ ________________

Company

[email protected] ______________________________ ___

Email

_________________________________________ ________

Member Name

Question

Does your company have capitalization manuals for Inside/Outside Plant? If so:

1) Are they available to Operations/Engineering employees? ____Y/N____ 2) Major update/review for updates: continuous, every 1-3, 4-6, 7-10, >10 3) Do you update your retirement unit catalogue based on new technology?

26



Joe Cedrone__________________________ _______________

Submitted By

Replacing Transformer Cooling Fans______________ ________

Topic


Company

[email protected] ______________________________ ___

Email

_________________________________________ ________

Member Name

Question

Would the replacement of Transformer Cooling Fans with dual speed capabilities (Minor Item of the Transformer at Con Edison) be considered Capital or Expense? If capital, is it a standalone asset, betterment, other…?

27



Jessica Thayer________________________ _______________

Submitted By

Cost of Removal/Meters ______________ ________

Topic

CenterPoint Energy _____________ ________________

Company

[email protected]________________ ___

Email

Jessica Thayer _________________________________________

Member Name

Question

Do you capitalize electric meters upon purchase? If so, do you accrue for cost of removal on electric meters?

28

OPEN DISCUSSION


Pei Sue Ong________________________________________________________________

Submitted By

Accounting Classification ______ ____________

Topic


Company

[email protected]______________________________________________________________

Email

Question

(a) Does your company track transmission asset designations between ISO and non-ISO assets?

(b) If yes, please describe your tracking mechanism and process.

29

OPEN DISCUSSION


Paul Mertens____________________________ ____________________________________

Submitted By

Asset Splits ______ ____________

Topic

Ameren

Company

[email protected]

Email

Question

Does your company split physical assets between affiliates?

Yes – If yes, what is the GAAP guidance which allows for the splitting of a physical asset? Is there an agreement which specifies the ability of one company to divest of their share?

No


30

OPEN DISCUSSION


Duke Energy _____________________________________

Submitted By

Agile – Software project development methodology_________________________________

Topic

Duke Energy _____________________________________

Company

[email protected] _______________________________

Email

Linda Miller, Manager Accounting_______________________________________________

Member Name

Question

For Agile developed projects with multiple release dates, what criteria do you use to determine when to put a release in-service and begin depreciation? Please provide your GAAP support.

mailto:[email protected]%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20_

31

OPEN DISCUSSION


Duke Energy _____________________________________

Submitted By


Topic

Duke Energy _____________________________________

Company

[email protected] _______________________________

Email

Linda Miller, Manager Accounting_________________________________________________

Member Name

Question

For Agile developed projects with multiple release dates, do you consider the number or proportion of total end-users using the new system/functionality when determining whether the release is in production and should begin depreciation?

For example, subject matter experts that “beta test” the functionality prior to wider release may use portions of the functionality as others are being developed.


32

OPEN DISCUSSION


Duke Energy _____________________________________

Submitted By


Topic

Duke Energy _____________________________________

Company

[email protected] _______________________________

Email

Linda Miller, Manager Accounting_______________________________________________

Member Name

Question

For Agile developed projects with multiple release dates, if you use Power Plan or another project accounting system, do you set up a separate capital charging project for each release? Please explain your process.


33

OPEN DISCUSSION


Jessica Helland_____________________________________________________________

Submitted By

Capital Policy________________________________________________________________

Topic

Xcel Energy_________________________________________________________________

Company

[email protected]________________________________________________

Email

___________________________________________________________________________

Member Name

Question

Does your company have additional major units identified for larger property units? For example, a regular pump has one set of capitalizable major components (i.e., assemblies, motor) but a pump over 1,000 HP has those components, plus additional major components (i.e., pulleys, housings, piping, etc.)?

34

OPEN DISCUSSION


Paul Mertens________________________________________________________________

Submitted By

Capitalization of Cloud Accounting ______ ____________

Topic

Ameren

Company

[email protected]

Email

Question

These questions have to do with capitalizing cloud applications.

Has your company capitalized any cloud applications to date?

If so, what is the largest project you have capitalized?

What were your biggest hurdles in capitalization?

Have your auditors expressed an opinion on capitalization of the cloud application?

If looking at capitalizing, how do you analyze significant penalty when assessing the cost to bring the cloud software in-house? Is it based on the penalty per the software vendor contract or the penalty per the cost of the entire project? What percentage do you consider significant? 10%, 25%,??


35

OPEN DISCUSSION


Pei Sue Ong________________________________________________________________

Submitted By

Continuing Property Records ______ ____________

Topic


Company

[email protected]______________________________________________________________

Email

Question

How many categories of “tools” does your company maintain in your continuing property records?

(a) One (b) Two or more. Please describe: _______________________________

36

OPEN DISCUSSION


Pei Sue Ong________________________________________________________________

Submitted By

Continuing Property Records ______ ____________

Topic


Company

[email protected]______________________________________________________________

Email

Question

(a) Do you break out electric tower foundation as a retirement unit? Yes____ No ____ (b) Do you break down electric tower foundation into multiple retirement units? Yes_____

No_____ If yes, please describe related retirement units___________________________________

37

OPEN DISCUSSION


Donna Wheeler________________________________________________________________

Submitted By

Cost of Removal / Salvage _________________________________

Topic

Idaho Power Company ______ _______________________________

Company

[email protected] _______________________________

Email

Idaho Power Company _______________________________________________

Member Name

Background: “When retirement, costs of removal and salvage are entered originally in retirement work orders, the net total of such work orders may be included in a separate subaccount hereunder. Upon completion of the work order, the proper distributions of subdivisions of this account shall be made”

CFR, Balance Sheet Accounts, 108 Accumulated provision for depreciation of electric utility plant, paragraph B.

Question: How does your utility allocate the entries for removal costs to plant subaccounts upon completion of a work order, if the work order activities are associated with multiple subaccounts?

1. Allocation based upon the value of the work order retirement units a. Using retirement unit historical average book cost (across all vintages) b. Using retirement unit average book cost by vintage year(s) retired in the work

order c. Other

2. A standard cost method of estimated cost to remove retirement units (i.e. based upon time and motion studies)

3. Other


38

OPEN DISCUSSION


Duke Energy__________________________________________________________________

Submitted By


Topic

Duke Energy _____________________________________

Company

[email protected] _______________________________

Email

Linda Miller, Manager Accounting __________________________________________

Member Name

Question

Regarding construction overhead costs, what administrative/back-office roles charge some or all of their time to capital, where their costs are incremental due to construction work?

Is the answer different for a shorter-term capital initiative where the personnel’s time is easily identifiable and tracked?

Does the role need to be specifically identifiable to a project?


39

OPEN DISCUSSION


Duke Energy__________________________________________________________________

Submitted By


Topic

Duke Energy _____________________________________

Company

[email protected] _______________________________

Email

Linda Miller, Manager Accounting _______________________________________________

Member Name

Question

Do you capitalize any portion of capitalization governance personnel time?

If so, what activities do you view as capital in nature?


40

OPEN DISCUSSION


Pei Sue Ong________________________________________________________________

Submitted By

Other – Operative Date for IT Projects ______ ____________

Topic


Company

[email protected]______________________________________________________________

Email

Question

What is your guideline for determining the “used-and-useful” date for you IT software asset, that has phased roll-out dates, that will include continued software development? (E.g. When rolling out a new AP software, the Company may roll-out the software for IT organization first, then continue with additional software development/customizations before rolling it out to the Electric organization four months later)

(a) Asset is used-and useful when all development work is complete (when it is rolled out to the Electric organization).

(b) Asset is used-and-useful upon first roll-out to IT. Subsequent software development work is charged to the SAME order.

(c) Asset is used-and-useful upon first roll-out to IT. Subsequent software development work is charged to a SEPARATE order and marked operative four months later.

(d) Project should have had 2 separate orders that were set up at the beginning of the project. All common costs would be allocated to the 2 separate orders, with the IT order being marked used and useful when rolled-out, and the 2nd order is marked “used and useful” at a later point in time.

(e) Other. Please describe: ___________________

41

OPEN DISCUSSION


Pei Sue Ong________________________________________________________________

Submitted By

Other - Process ______________________ ____________

Topic


Company

[email protected]______________________________________________________________

Email

Question

What is your guideline for managing projects that contain both electric transmission (ET) and electric distribution (ED) jobs? (e.g. a new electric transmission tower may require changes made to an existing electric distribution underbuild asset)

(i) For Plant Asset Records: (a) Separate job orders are used to track different work – one for ET and one for ED. (b) Costs are initially charged to one order, and manual journal entry is processed to

transfer distribution costs to distribution assets. (c) Costs are initially charged to one order, and system allows one order to track/record

separate ET and ED assets. (d) Other: Please describe____________________

(ii) For capital forecast purposes:

(a) If one order is used for a major ET project that requires ED work, do you forecast in rate case for ED work that is embedded in the project? Yes_____ or No______

(b) If yes, what process is used? Please describe: __________________________________

42

OPEN DISCUSSION


Terrie Reingold ___________________________________ ______________

Submitted By

Special Facilities ______________________ __________________

Topic

Idaho Power Company ______________________________ ___________________

Company

[email protected] _________ __________________________

Email

Terrie Reingold ____________________ ____________________

Member Name

Background info: Our facilities charge option is way to assist large-load customers in their efforts to expand and increase energy usage, where the utility owns, operates, and maintains facilities beyond the point of delivery in consideration for a monthly fee. Currently, the only other option is for the customer is to own and maintain their own facilities beyond the point of delivery. Customers are seeking other options such as paying up front for facilities that the utility would still own, operate, and maintain with a lower monthly facilities charge.

Question: Do you offer an arrangement to your Primary Service Level (Large Power) customers to provide transformers and other facilities installed beyond the point of delivery, that the utility owns, operates and maintains, in consideration for a monthly fee?

a.) Yes b.) No

If so, what is the basis of the fee?

a.) A monthly fee based on a percentage of the initial investment of the facilities installed. b.) A monthly fee based on the total transformation (KVA) on site. c.) Customer pays total work order cost for installations and removals up front;

with a monthly maintenance fee without a monthly maintenance fee

d.) Other.

If the utility does offer such an arrangement for Primary Service Level customers, how do you track your plant assets / facilities at each customer’s site?


43

OPEN DISCUSSION


Paul Mertens ________________________________________________________________

Submitted By

Useful Life ______________________ __________________

Topic

Ameren

Company

[email protected]

Email

Question

Does the useful life of any of your software assets fall into the following categories?

* 0-4 years

* 5-9 years

* 10-14 years (how many)

* 15-19 years (how many)

* 20+ years (how many) - What type of assets do you have in this category?


44

OPEN DISCUSSION


Pei Sue Ong________________________________________________________________

Submitted By

AFUDC ______________________ __________________

Topic


Company

[email protected]______________________________________________________________

Email

Question

When calculating whether any short term debt is used in the AFUDC rate calculation, which of the following are offset as uses of ST debt? (choose all that apply): 1. short term deposits 2. balancing account/memo account balances (trackers) 3. nuclear fuel 4. Fuel Oil Inventory 5. Gas Inventory 6. Net cash collateral postings (for procurement) 7. Other (please fill in ______________________)

45

OPEN DISCUSSION


Jim Dugan___________________________________ ______________

Submitted By

Asset Retirement Obligations______________________ __________________

Topic

Eversource Energy______________________________ ___________________

Company

[email protected]__________ __________________________

Email

Michele Roncaioli____________________ ____________________

Member Name

Question

Do you account for gain/loss associated with ARO Settlement for your regulated companies?

If yes what FERC accounts do you use?

mailto:[email protected]__________

46

OPEN DISCUSSION


Lindsay Ekblade _________________________________________________

Submitted By

Fuel Cells in substations ________________________________________

Topic


Company

[email protected] ____________________________________

Email

Michele Roncaioli ________________________________________

Member Name

Question

Eversource engineering has proposed a project to install fuel cells in several distribution substations.

1) Does your company currently utilize fuel cells in distribution substations? 2) If yes, are they classified as distribution or generation assets? 3) What utility account do they reside in?


47

OPEN DISCUSSION


Andrienne Ashmeade _________________________________________________

Submitted By

Transmission ________________________________________

Topic


Company

[email protected] ____________________________________

Email

Michele Roncaioli ________________________________________

Member Name

Question

Should chemical trace injection and the fees associated with this process be capitalized cost or expense? Purpose: Contractor shall provide tracer leak location services on an emergency response basis for the mitigation of dielectric fluid leak on and underground Transmission pipe type cable lines. Scope of work: Contractor shall respond and begin injection to the underground lines. Upon completion of injection the contractor shall begin leak searching using vehicle mounted instrumentation. Contractor will supply tracer and injection equipment to inoculate proper concentrations of dielectric tracer into the transmission pipe type cable system circulating at given GPM rates. Costs applied to: Mobilization, prep fee, injection, and single leak search.


48

OPEN DISCUSSION


Theresa Nanny_______________________________ __________________

Submitted By

Transmission Asset Retirements___________________________ _____________

Topic

Avista Corporation_____________________________________ ____________

Company

[email protected] ___________________ _________________

Email

Catherine Mueller___________________________ _____________

Member Name

Question

How are companies retiring transmission assets? Do you look through property records to identify assets to retire? Do you use the Handy Whitman index to come up with values to retire?

49

OPEN DISCUSSION


Catherine Mueller__________________________________________ _______

Submitted By

Auto Retirement of Communication Assets__ ______________________________

Topic

Avista Corporation________________________ _________________________

Company

[email protected] _________________ ___________________

Email

Kellee Quick _________________ ___________________

Member Name

Question

Do other utilities auto retire Communication assets from 397 FERC accounts?

This is an area where there’s concern that ware are not receiving property removal notices in a timely manner, and perhaps not at all. If you practice auto retirements for 397, how is your experience?

50

OPEN DISCUSSION


Catherine Mueller__________________________________________ _______

Submitted By

Auto Retirement of Fleet Assets__________ ______________________________

Topic

Avista Corporation________________________ _________________________

Company

[email protected] _________________ ___________________

Email

Kellee Quick _________________ ___________________

Member Name

Question

Do other utilities auto retire Fleet assets from 392 and 396 FERC accounts?

Fleet can provide information as to the expected life of the asset and if set up as automatic retirements, we would not have to track down property removal notices from the people in the Fleet department. Any thoughts or feedback?

51

OPEN DISCUSSION


Caron Wold___________________________ ______________________

Submitted By

Spare Equipment__________________________ ______________

Topic

American Transmission Co____________________________ _____________________

Company

[email protected] _______________________ _____________

Email

_______________________________ __________________

Member Name

Question

How do you differentiate between capital spares and inventory?

52

OPEN DISCUSSION


Caron Wold__________________________ _______________

Submitted By

Capitalization________________________________ ________

Topic

American Transmission Co_____________ ________________

Company

[email protected] _________________________________ ___

Email

_________________________________________ ________

Member Name

Question

Do you capitalize steel structure painting? If so, what is your justification?

53

OPEN DISCUSSION


Joe Cedrone__________________________ _______________

Submitted By

Electric/Gas Meter Inventory_____________________ ________

Topic


Company

[email protected] ______________________________ ___

Email

_________________________________________ ________

Member Name

Question

The Electric/Gas meter is considered a retirement unit at Con Edison. Does your company consider any other minor components of the meter a unit of property? Example: Current Transformer, Potential Transformer, Communication Equipment, Relays?

54

OPEN DISCUSSION


Joe Cedrone__________________________ _______________

Submitted By

Design Deficiencies of Fixed Assets_____________________ __

Topic


Company

[email protected] ______________________________ ___

Email

_________________________________________ ________

Member Name

Question

Is your capitalization policy different for your regulated vs. non-regulated companies?

Does your utility or non-regulated business capitalize costs related to design deficiencies?

If so, does your company require that the operating group demonstrates a certain level of added value from remediating such deficiencies in order to treat as capital rather than expense?

55

OPEN DISCUSSION


Joe Cedrone__________________________ _______________

Submitted By

Rate Case Revenue _____________________ __

Topic


Company

[email protected] ______________________________ ___

Email

_________________________________________ ________

Member Name

Question

How does your Company prepare the rate case revenue requirement model, including the rate base and cost of service schedules?

a) System b) Spreadsheets c) Other____________________________________________

How does your Company track and analyze the actual vs. allowed ROEs?

a) System b) Spreadsheets c) Other____________________________________________

56

OPEN DISCUSSION


Jessica Thayer________________________ _______________

Submitted By

AR 15 for General Plant ______________ ________

Topic

CenterPoint Energy _____________ ________________

Company

[email protected]________________ ___

Email

Jessica Thayer _________________________________________

Member Name

Question

Do you apply AR 15 on the allowable general plant asset classes? If so, have you ever received objections from your state commissions that the “used and useful” test is not being satisfied where AR 15 is being applied? Have you ever had to make adjustments to rate base as a result of applying AR 15?

roundtable questions topics list · 2017. 5. 17. · 1 . roundtable questions. topics list . please...

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