Co-op and Utility Rates Professional Learning Path

This learning path provides an introduction to developing retail customer rates and how accounting allocations and deferrals are a key part of the process. The path includes 5 courses, 5 hours of content, and 5.00 hours of professional education credits! (Total value - $635.00)


All of the courses in every learning path are included with an annual membership!

Your Price!

$257.00

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Included Courses

Allocating Interdepartmental Costs
Allocating Interdepartmental Costs
Strategies for Developing Electric Rates
Strategies for Developing Electric Rates
Innovative Electric Vehicle Rates
Innovative Electric Vehicle Rates
Top 5 Uses of ASC/980/GASB 62 Reg Accounting
Top 5 Uses of ASC/980/GASB 62 Reg Accounting
Comprehensive Review of Water Pricing Strategies
Comprehensive Review of Water Pricing Strategies
What You'll Learn!
You'll learn about the components of the revenue requirement

We'll demonstrate how to determine the rate of return to apply to the investment in utility infrastructure

High-level cost of service and rate design principles will be discussed

We'll discuss electric rate philosophy and the "art" and "science" of developing electric rates

You'll learn the direct questions to ask to make management and board decisions on approving an annual revenue requirement and its impact on electric rates

You'll learn the fundamentals for regulatory accounting under private, electric cooperative, and municipal utility accounting standards (FASB and GASB)

You will learn how to implement regulatory accounting in your organization, including determining regulatory items, initial journal entries, and financial statement disclosures

We'll show the most common practical examples of how GASB 62 and ASC 980 are used in timing of rate recovery of major impacts to expenses and revenues

We'll show you how to explain regulatory accounting to your Board so they will approve deferring revenues and expenses!

You'll learn the impact of electric vehicles on electric distribution systems

We'll discuss trends in the electric industry on developing EV customer rates

We'll review the need to develop time of use residential customer rates

We'll discuss the impact of EV's on the grid and the amount of new generation that will be needed to serve EV load

We'll study the importance of developing separate EV customer rates

You'll learn how to calculate innovative EV rates, including subscription rates and EV charging rates

You'll learn about the components of the revenue requirement

We'll demonstrate how to determine the rate of return to apply to the investment in utility infrastructure

High-level cost of service and rate design principles will be discussed

We'll discuss water rate philosophy and the "art" and "science" of developing water rates

You'll learn the direct questions to ask to make management and board decisions on approving an annual revenue requirement and its impact on water rates

You'll learn about how to determine fair and equitable interdepartmental allocations for support costs

You'll learn the easy inputs, formulas, and math used to calculate overhead rates for the 3-point, 2-point, and Massachusetts formulas

We'll discuss detailed journal entries used to allocate internal costs

We Have Served Over 1,000 Professionals from All Experience Levels!

What Our Students Say

Our students have grown their skills by taking our courses. Here are just a few of their stories.

“Very good overview of the introduction to the electricity business. I just recently started a job with a utility and am taking some courses to learn as much as possible about the electricity industry. Will definitely be taking another course through utilityeducation.com”

— Jennifer

“The Intro to FERC class is a well thought out, easy to understand course for beginners!”

— Ted

“This was an incredible overview! I cannot wait to share this with others. I LOVED how you explained things. You have great speaking and explanation skills.”

— Nicole

“The title of the Introduction to FERC Accounting is a great description of the course materials. Very informative course!”

— Tara

“I came looking for an introduction to utilities course and I'm glad I took this one. Russ was great and explained everything really well. It was great learning from someone who has actually been in the industry and knows about both the finance and utility sectors. I will be taking more courses!”

— Kritant

“I did not have a lot of knowledge about utility construction accounting or standard units, but this course was a good overview of the process and very understandable to a newbie.”

— Matt

“Great training for our Board members.”

— Noah

“I am new to the Coop world and this did help me. Thank you!”

— Kristin

“Good basic understanding of RUS and the chart of accounts. I came from outside the utility world and was quite lost. This class helps to provide a basic foundation.”

— Julie

“Was a quick, easy and great information!”

— Mary

What Comes With This Training Path?
30 + course video lessons

Video lessons are short and to the point, providing 4 hours of content.

Library of templates and guides

The courses include downloads, spreadhseets, templates, and quizzes.

Certificate of completion included with each course

A certificate of completion is provided on completion of each course.

You can take the courses at your pace

Binge watch all of the courses or take your time on the topics.

We provide high-quality and in-depth content

The course materials provide best practices and industry insights from our years of experience in assisting electric cooperatives and power and utilities companies.

Courses can be watched anywhere at anytime

Watch any course on desktop, table, or phone using the course app.

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Russ Hissom, CPA

Course instructor

Hi, I'm Russ Hissom and I've been an instructor for national organizations in the industry since 1990 and was a partner in a national accounting and consulting firm for over 20 years. I have the privilege of serving electric cooperatives and power and utilities organizations across the United States and Canada with accounting, rate, and financial consulting services, and expert testimony at FERC and state utility commissions.

I've used my experience to design courses for all experiences levels of professionals and board members. The courses range from the foundational areas you need to know to operate the accounting, finance, and rates side of the business to the more complex financial analysis tools required to be successful. All courses are based on industry best practices, showing a practical approach so you can apply them in your organization. I hope you'll take a class and see what I mean!

Course Accreditation, Requirements, and Refund and Cancellation Policy
Course #: FT-1, FT-3, FT-7, ATG-2, AT-15

Program Level: Basic

Area of Study: Accounting - Technical

Delivery: QAS Self Study

Prerequisites: None

Advanced Preparation: None

CPE Credits: 5.00 for all courses

Last Reviewed: 8.1.24

Access Period: 12 months

Exam Questions: 5

Passing Grade: 70%

Retakes: Unlimited

Refunds and cancellations: Requests for refunds must be made in writing within 30 days for purchasing the course. No refunds will be granted after the qualified assessment has been completed. For any concerns, please contact us at 608 628 4020 or at [email protected].
Instructor

Utility Accounting and Rates Specialists, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.

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I have questions!
Help & FAQ
What is included with the courses and how long do I have access?
All video lessons and course downloads are included in all courses. You have lifetime access to the courses and future updates.
Where does the information come from in the courses?
The information is taken from industry best practices and the experience of the instructor in working with power and utilities organizations.
How do these courses add value to my organization and my career knowledge?
Knowledge is power (forgive the electric pun). But these courses add to your knowledge, making your career skills deeper and giving you tools to provide value to your organization.
Are the courses eligible for continuing education credits?
Yes! Utility Accounting and Rates Specialists, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
Are there course downloads so I can follow along?
All of the course materials can be downloaded for each lesson. They are in PDF and Excel formats. You'll generally see them at the beginning of the course in the introduction section, Lesson 1, or scattered throughout the lessons as fitting the topic.
What if I have more questions?
We welcome your questions anytime. Just email [email protected]. Thanks!

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