Ferc order 561 afudc on software

Gas refund report this is a report filed with ferc or submitted as an informational copy of a report to a state regulatory agency of a refund paid or received for charges in excess of approved rates for the sale or. State of new york public service commission in the. Ferc uniform system of accounts are considered changes in the rus system. Bpa policy 2121 property, plant, and equipment capitalization.

In addition to publishing the full text of this document in the federal register. In reference to clecos response to coa 19, please explain the reason for the following items included in the calculation. The commissions regulations are found under title 18 chapter i of the code of federal regulations cfr. The compounding component is included in accordance with ferc order 561. Ferc regulates, monitors and investigates electricity, natural gas, hydropower, oil matters, natural gas pipelines, lng terminals, hydroelectric dams, electric. Costofservlce reoortlnu and fillnu reouirements for oil. Afudc on software projects is capitalized only during the. Tariff browser federal energy regulatory commission. Miso is implementing new settlement software to accomplish that goal though the isos golive date has been deferred to july 1, 2018. The federal energy regulatory commission commission proposes to amend parts 352, 357, and 385 of its regulations. Commission information collection activities ferc520.

Controlled unclassified information cui is information that requires safeguarding or dissemination controls pursuant to and consistent with applicable law, regulations, and governmentwide policies as specified in executive order 556 and rule 32 cfr part 2002. In compliance with the requirements of the paperwork reduction act of 1995, 44 u. Ferc order 561 afudc formula keyword found websites. Cost of service and rate design for ferc regulated pipelines. Sosnick has prepared expert testimony for proceedings at ferc, prepared expert reports assessing and quantifying damages in civil litigation, conducted strategic analysis for a large energy company considering alternatives for its existing pipeline and storage portfolio, written a whitepaper on the impacts of the tax cuts and jobs act on. Federal register revisions to and electronic filing of. City of alexandria 2017 transmission update data request 2. Federal energy regulatory commission, department of energy. As a result of insufficient earnings and large construction programs, a number.

When ordering by phone or maii, use the report number and date in the. Submit an original and one 1 copy of this report to. Jnofflclal fercgenerated pdf of 200508080282 issued by ferc osec 08082005 in. Only official editions of the federal register provide legal notice to the public and judicial notice to the courts under 44 u. The costs of financing a plant under construction are included in an afudc. Ferc and jurisdictional utilities, and lack of a single, accessible compendium of usoa requirements. Federal energy regulatory commission seaway crude pipeline company llc docket no. At ferc, we know firsthand that family members play a significant role in their loved ones recovery and should be able to share beneficial information with the providers who are treating their loved one. Stull testified that there is no need to grossup the authorized equity afudc rate when recording equity afudc during the construction period. The capitalization period for afudc shall begin when two conditions are present. Page 1 1 background regarding allowance for funds used during 2 construction afudc and construction work in progress 3 cwip 4 the commission is responsible for assuring that utilities provide safe and adequate 5 service at a reasonable cost to the public. For those public power systems that are not required to adopt the ferc uniform system of accounts, there is the question of the usoas value to a publicly owned electric utility. Ferc certified nerc as the ero in its order issued july 20, 2006 in docket. Unfortunately, not all providers welcome caregivers to the table to hear how things are going at home.

This webinar gave participants an understanding of important ferc accounting and reporting issues. To access cips, set your communications software to use 300, 1200, or 2400 bps. You cite letter orders issued to georgia power company and reasonable rate on other funds when so used, not to exceed allowances computed using a rate determined in accordance with the formula contained in electric plant instruction. A public power systems introduction to the federal energy. Afudc calculation, and the shortterm debt rate is derived using an. Tariff browser southern california edison company wholesale distribution access tariff list effective sections as of. Ferc issues an order denying the edison electric institutes request for rehearing of order no. Commission, means the federal energy regulatory commission. The ferc form 561 responds to the fpa requirements for annual reporting of similar types of positions which public utility officers and directors. Federal energy regulatory commission ferc referenced docket, under the abovenortherns responses to the ferc data request issued august 9, 2016. Afudc as defined by the ferc includes the net cost during the period of. Revisions to oil pipeline regulations pursuant to the energy policy act of 1992, order no. Ferc order 561 afudc formula keyword after analyzing the system lists the list of keywords related and the list of websites with related content, in addition you can see which keywords most interested customers on the this website. Afudc capitalization shall continue as long as these two conditions are present.

Regpreamble, fercsr 19911996 30,985, revisions to oil. Benefits of using the ferc uniform system of accounts. Ferc has concluded that rto and iso offer caps on incremental energy offers are not just, nor reasonable due to several reasons. Department of energys federal energy regulatory commission issued the following notice commission information collection activities ferc 520, ferc 561, and ferc. A comprehensive listing of the commissions rulemaking proceedings can be found at. Each utility shall keep its work order system so as to show the nature of each addition to or retirement of electric plant, the total cost thereof, the source or sources of costs, and the electric plant.

The public version of the form 1 database is available for partial or complete download to client sites and may be viewed with the form 1 database viewer software available for download from the url listed below. If you would like to conduct your own search of the cfr you can access the governmental printing organizationnational archives and records administration website. Kern river explains that, in the determination of its requested annual afudc rate based on monthly compounding, it will modify the reduced rate method to derive an equivalent monthly rate. Annual report of oil pipeline companies form 6 schedules and instructions to better meet current and future regulatory requirements and industry needs. I note that the afudc rate calculated and used for the afudc offset to nspms ratemaking costofservice must use projections for inputs to the formula because a forwardlooking test year is used for mpuc ratemaking purposes, but the calculation of the rate follows ferc s afudc rate formula in all respects. Jnofflclal fercgenerated pdf of issued by ferc osec in. Nor does tampa electric state what accounts it will use to amortize the amount recorded in the account to offset to depreciation expense once the project is in service. The federal energy regulatory commission commission or ferc is revising parts 352, 357, and 385 of its regulations to revise its ferc form no. Allowance for funds used during construction afudc. Description of allowance for funds used during construction afudc statement. Federal register commission information collection. Stull also recommended that petitioner be permitted to compound afudc no more frequently than semiannually, and she drew by analogy from ferc order no. Miso was inline with ferc order on shortage pricing, but it still needs to make some changes to align with the settlement interval rule. A copy of this response is being served to each person whose.

Form1 viewer download federal energy regulatory commission. Bpa uses the ferc formula for afudc as defined in title 18 cfr part 101 electric plant instruction 3a17. Power and utilities ferc audit findings american gas association. Please include a current mail address, telephone number, and email address. In february 2014, ferc issued a general guidance letter al14 instructing companies to use the footnotes and disclosures to report the new accounts since the ferc software does not accommodate the new accounts. Oil pipeline companies regulated by the ferc are required to file a ferc form 6 annual report on the april of each year. A generally accepted accounting principle whereby the cost of financing capital construction projects is added to the cost of the asset. Federal energy regulatory commission, office of the secretary, attention ferc 561, 888 first street ne, washington, dc 20426 sanctions this report is mandatory and is prescribed by section 305c1 of the federal power act and 18 cfr 46. As of 050102 the database contains 189 filings for the 2001 reporting year form 1 viewer instructions and software download complete. Federal energy regulatory commission northern natural gas. Ferc issues commission information collection activities. Fercs annual notice fercs practice is to send an annual reminder to entities that have filed ferc form 561s the prior year ferc generally includes an instructional letter, a copy of the current form 561, and a file of the entitys form 561 filings made the preceding year. Bpa follows ferc, as practicable, in accordance with the standards and procedures section of this policy.

Property, plant, and equipment capitalization unique id 2121 author khatera mahan approved by nancy mitman, cfo date august 18, 2015 version 1. Offer caps in organized wholesale energy markets pjm. Our goal is to provide cpas and other accounting professionals with the information and news to enable them to be successful accountants, managers, and executives in todays practice. On september 20, 2017, ferc issued an order denying the delaware municipal electric corporation, inc. Therefore, we direct tampa electric to record afudc amounts that. The cpa journal is broadly recognized as an outstanding, technicalrefereed publication aimed at public practitioners, management, educators, and other accounting professionals. The commission concluded that there was insufficient.