Master construction accounting under FERC and RUS standards — from work orders and standard units through advanced scenarios, fixed asset records, and work order analysis. Built for utilities and cooperatives alike.
Electric construction accounting has more moving parts than most accounting functions — work orders, standard units, overhead rates, capitalization decisions, asset retirement obligations, and ultimately how every dollar flows into the rate base and customer rates.
This track builds complete proficiency across that entire process, starting with the FERC and RUS fundamentals and progressing through the advanced scenarios that every utility eventually encounters. Applicable to investor-owned utilities, public power, and electric cooperatives.
The foundational course — how to record, allocate, and recover electric construction costs accurately under FERC and RUS standards, from work orders through fixed asset classification.
Go beyond the standard work order — AROs, asset impairments, leases, critical spares, storm damage, jointly-owned plants, and how advanced scenarios affect customer rates.
How to establish and maintain continuing property records — and why the right level of detail in fixed asset records directly affects rate recovery.
Master the complete work order process — from project initiation through close and property records. Essential for anyone involved in utility construction accounting.
"Working in work order and construction accounting, this track finally clarified how our day-to-day project costs flow through the FERC accounts and into fixed assets and rates. The courses are practical, clearly explained, and directly applicable to how electric utilities actually track and recover construction costs."
“Good basic understanding of how construction costs should be allocated. I came from outside the utility world and was quite lost. This class helps to provide a solid foundation.”
"This class really helped connect the dots between work orders, construction costs, FERC accounting, and fixed assets. The examples made it easy to see how the accounting works in the real world, and I came away with a much better understanding of how construction costs ultimately flow into rates."
Russ Hissom is a nationally recognized expert in utility accounting and ratemaking, with more than 35 years of experience helping electric utilities and cooperatives navigate FERC, RUS, FASB, and GASB accounting standards. As founder of UtilityEducation.com, Russ has built a comprehensive CPE curriculum drawing on decades of hands-on work with regulatory accounting, construction accounting, and rate case support for investor-owned utilities, public power, and electric cooperatives.
All video lessons, downloadable course slides, exercises, and Excel templates for all five courses — in PDF and Excel formats.
Course 1 assumes basic FERC or RUS accounting knowledge. Course 2 is Intermediate level, designed for those who have completed Course 1 or have equivalent experience. Courses 3–4 are Basic level with no prerequisites.
12 months from the date of purchase. Study at your own pace, on your own schedule — from desktop, tablet, or mobile.
Yes. The track covers both FERC and RUS standards throughout. The concepts and examples apply directly to investor-owned utilities, public power, and electric cooperatives.
Yes — 8.50 NASBA CPE hours total. Each course awards CPE credits separately upon passing the final exam at 70% or better. You'll receive a certificate for each course plus a track completion certificate.
Email or call 608-628-4020. We welcome questions anytime.
