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Power & utilities

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Related Publications

Power & Utilities Spotlight — Deploying new tools to elevate risk management as power and utilities companies become more digital

Apr 15, 2019

This Power & Utilities Spotlight summarizes the discussions held during the risk management roundtable hosted by Deloitte in October 2018. Topics discussed included (1) the enterprise risk management (ERM) 2.0 framework and its capabilities, (2) scenario planning and the role of ERM, (3) the risk-based decision framework of the California Public Utilities Commission, (4) extended enterprise risk management and third-party risk management, (5) the future of the digital utility and risks stemming from digitization, and (6) using risk appetite in business decisions.

Power & Utilities Spotlight — Making power and utilities companies more risk-aware and resilient

Sep 06, 2018

This publication, which is part of a series on Deloitte’s enterprise risk management (ERM) roundtables for the power and utilities (P&U) sector, discusses the roundtable held in October 2017 at Bonneville Power Administration in Portland, Oregon. The primary goals of the series are to discuss lessons learned, identify trends, promote innovation, perform benchmarking/studies, facilitate networking within the P&U industry, advance risk management practice, and enhance the value of the ERM function.

Power and Utilities — Accounting, financial reporting, and tax research guide (2018)

Jul 17, 2018

This publication discusses accounting, tax, and regulatory matters that are of interest to P&U entities, including updates to SEC, FASB, and tax guidance, and focuses on specialized industry accounting topics that frequently affect P&U companies, including rate-regulated entities. Several sections of the publication have been expanded this year to concentrate on the impact of the Tax Cuts and Jobs Act that became law in December 2017 as well as accounting and reporting considerations related to the new leases and new revenue standards, including specific industry matters that remain outstanding with the AICPA’s Power and Utility Entities Revenue Recognition Task Force.

Power & Utilities Spotlight — Effects of the new revenue standard: Observations from a review of first-quarter 2018 public filings by power and utilities companies

Jul 13, 2018

This Power & Utilities Spotlight discusses our review of the disclosures in the public filings of a group of companies that adopted the FASB’s new revenue standard (ASC 606) in the first quarter of 2018. While we observed diversity in practice, it’s clear that the standard’s new and modified disclosure guidance has significantly increased the amount and type of information disclosed about revenue activities and related transactions.

Power & Utilities Spotlight — “Failed sales” of nonfinancial assets require reassessment upon adoption of ASC 606 and ASC 610-20

Apr 13, 2018

This Power & Utilities Spotlight discusses an entity’s requirements upon adopting ASC 610-20, which provides guidance on the recognition and measurement of transfers of nonfinancial assets. As a result of the new guidance, an entity may need to reverse its accounting for previous transactions and adjust beginning retained earnings.

Power & Utilities Spotlight — Addressing a board’s changing expectations for managing risk

Oct 12, 2017

This Power & Utilities Spotlight summarizes the discussions held during the risk management roundtable hosted by Deloitte in April 2017. Topics discussed included (1) the changing nature of the industry, (2) the updated COSO ERM framework, (3) how boards should respond to change, (4) how to enable a more advanced ERM program, and (5) key ERM tools and techniques.

Power & Utilities Spotlight — Making power and utilities companies resilient in a changing risk landscape

May 01, 2017

This publication, which is part of a series on Deloitte’s P&U enterprise risk management (ERM) roundtables, discusses the roundtable held in November 2016 at Ameren Services in St. Louis. The primary goals of the series are to discuss leading practices, identify trends, promote innovative solutions, perform benchmarking/studies, and facilitate networking within the industry.

Power and Utilities — Accounting, Financial Reporting, and Tax Update (2017)

Jan 10, 2017

This annual publication discusses accounting, tax, and regulatory matters that are of interest to P&U entities, including updates to SEC, FASB, and tax guidance, and focuses on specialized industry accounting topics that frequently affect P&U companies, including rate-regulated entities. Several sections of the publication have been expanded this year to concentrate on accounting and reporting considerations related to the new leases and new revenue standards, including specific industry matters that remain outstanding with the AICPA’s Power and Utility Entities Revenue Recognition Task Force.

Power & Utilities Spotlight — Powering up the new leases standard

Oct 11, 2016

This publication discusses select aspects of the FASB’s final standard that are relevant to lessees and lessors in the power and utilities industry.

Power & Utilities Spotlight — Risk at the core of strategic value creation

Jun 14, 2016

This publication, which is part of a series on Deloitte’s P&U enterprise risk management (ERM) roundtables, discusses the roundtable held in March 2016 at Execlon Corporation in Chicago. The primary goals of the series are to discuss leading practices, identify trends, promote innovative solutions, perform benchmarking/studies, and facilitate networking within the industry.

Power and Utilities — Accounting, Financial Reporting, and Tax Update

Jan 15, 2016

This publication discusses accounting, tax, and regulatory matters that P&U entities will need to consider as a result of these changes, including updates to SEC, FASB, and tax guidance, and focuses on specialized industry accounting topics that frequently affect P&U companies, including rate-regulated entities. New to this year’s publication are sections that concentrate on accounting and reporting considerations related to (1) the new leases standard, (2) alternative revenue programs, and (3) asset retirement obligations. To highlight an industry sector growth area, we have also included a section on accounting and reporting concerns specific to renewable energy.

Power & Utilities Spotlight — Risk at the core of key strategic decision making

Nov 24, 2015

This publication, which is part of a series on Deloitte’s P&U enterprise risk management (ERM) roundtables, discusses the roundtable held in October 2015 at Sempra Energy in San Diego. The primary goals of the series are to discuss leading practices, identify trends, promote innovative solutions, perform benchmarking/studies, and facilitate networking within the industry.

Power & Utilities Spotlight — Transitioning ERM capabilities to a new level

May 04, 2015

This publication discusses the Deloitte P&U enterprise risk management (ERM) roundtable, held in March at NextEra Energy Inc. in Juno Beach, Florida. The primary goals of this series are to discuss leading practices, identify trends, promote innovative solutions, perform benchmarking/studies, and facilitate networking within the industry.

Power & Utilities Spotlight — IASB fosters discussion on rate-regulated accounting

Dec 22, 2014

This Power & Utilities Spotlight summarizes the IASB’s September 17, 2014, Discussion Paper, "Reporting the Financial Effects of Rate Regulation."

Power & Utilities Spotlight — Strategic risks — Enhancing ERM capabilities in a changing P&U environment

Dec 04, 2014

This Power & Utilities Spotlight covers the November 2014 power and utilities (P&U) enterprise risk management (ERM) roundtable, which is part of a series that Deloitte has hosted for the past five years. At the roundtable, Deloitte and ERM professionals discussed challenges, issues, and opportunities in the P&U sector and adjacent sectors. In addition, participants shared their views on industry disrupters that are affecting P&U entities today as well as on those that may affect utilities in the not-so-distant future.

Power & Utilities Spotlight — Generating a discussion about the FASB’s new revenue standard

Aug 19, 2014

This Power & Utilities Spotlight discusses the new revenue model and highlights key accounting issues and potential challenges for P&U entities that recognize revenue under U.S. GAAP or IFRSs.

Power & Utilities Spotlight — New plan to clear the air: EPA considers CSAPR and introduces clean power plan

Jun 26, 2014

This Power & Utilities Spotlight discusses the (1) background of the Clean Air Act (CAA), (2) CSAPR and its status, (3) recently released CPP and its implications, and (4) potential impact of the changing emissions regulatory landscape on electric-power-generating plants in the United States.

Power & Utilities Spotlight — ERM roundtable addresses prevailing practices for identifying and managing risk

Apr 07, 2014

This Power & Utilities Spotlight discusses key topics covered during Deloitte's February 2014 enterprise risk management (ERM) roundtable for power and utilities (P&U) companies. The primary goal of this roundtable series, which has been held for the past five years, is to discuss leading practices, trends, and innovative solutions related to ERM in the P&U sector.

Power & Utilities Spotlight — Regulatory accounting goes global — IASB issues IFRS 14

Mar 10, 2014

This Power & Utilities spotlight discusses the development and issuance of IFRS 14 and summarizes the standard’s key provisions, including its scope, presentation and disclosure requirements, and effective date and transition.

Power & Utilities Spotlight — An overview of Deloitte’s October 2013 P&U ERM roundtable

Nov 19, 2013

This Power & Utilities Spotlight summarizes key takeaways from the three-day ERM roundtable hosted by Deloitte in October 2013.

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