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One-time enrollment · 12-month access
Enroll NowGroup pricing available →Learn how electric utilities account for customer payments toward construction. Classify cash and non-cash customer funding, record contributions under the FERC, RUS, NARUC, FASB and GASB frameworks, calculate the tax gross-up for investor-owned utilities, and support every balance in a review. One customer-funded substation carries through the whole course.
Customers pay toward construction every day: line extensions, substations, service upgrades, water and sewer mains. How you classify and record those payments drives plant, depreciation, rate base and the revenue requirement.
This course starts with the line between a contribution and a customer advance, then walks through the FERC, RUS and NARUC accounting and compares it with FASB and GASB. You will prepare the journal entries for practical applications, compute net plant, calculate the investor-owned utility tax gross-up, and learn the true-up and documentation items that support your balances.
Distinguish a contribution in aid of construction from a customer advance for construction, and classify cash and non-cash customer funding.
Course materials are provided for informational and educational purposes only. They do not constitute legal, accounting, or professional advice. Users should consult their own qualified legal, accounting, or other professional advisors regarding their specific circumstances.
Course roadmap, learning objectives, and how to earn your certificate.
Contributions versus customer advance, how refund terms decide classification, and the common forms of CIAC.
How FERC, RUS, NARUC, FASB, and GASB record contributions from customers for services, how to record developer contributions.
Practical examples for recording a customer contributed substation, developer contributions, and customer advances.
Calculating the tax gross-up for contributions and recording the transactions.
Review of true-ups for project costs, classification of advances and refunds, and the documentation that supports the balance.
Key takeaways, review checklist, and the final exam. A passing score of 70% is required for CPE credit. Your certificate of completion is available for download upon passing.
