financial reporting in the power and utilities industry 2018

Fullwidth SCC. Die International Financial Reporting Standards (IFRS) bilden die Grundlage, nach der Unternehmen weltweit ihre Rechnungslegung ausrichten. Deloitte Power and Utilities Accounting, Financial Reporting, and Tax Research Guide U.S. Power & Utilities Contacts Scott Smith U.S. Power & Utilities National Sector Leader Deloitte & Touche LLP +1 619 237 6989 ssmith@deloitte.com Bill Graf U.S. Power & Utilities Audit Functional Sector Leader and Industry Professional Practice Director Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. publication (pdf, 1.39MB) is part of a series that takes a sector-by-sector look at IFRS in practice. this is expected to be temporary. This month, President and CEO of IMA, Jeff Thomson, chats with CFO of Baltimore Gas & Electric, Dave Vahos, to learn how the company is staying ahead. h��T�OSW��{�˕��"`[�TE-�2����b�ijL��P̍���"�9v=�f+�T�Æ��Z}Ш��\ŘB4�F�$�%Ą`B�E����s�-�� ����������s� � ��!�,g13�D팀�� a�����r*���ă��H��†�9W��S�+�`]�?h_v�� beV�6�xk �IO�#��o��B�զ�x ��VY��ϊzT�9Iv��G�k2,9�K���җhT�a�R._5Wb��G}臰�|$s���¼�خ#�]i��H�7��j}�Z����Ȓ$zJ���epu'�#f�)�4g�~ ۶ �i�� 9�J%G&ӓɑ��$�#I����"+�,SJ��G=��Ž#pa���k�!�f���7���������V��]q����J_����=�{�ݛK�p�+"�D��������5;/.��L)?��kľ��Ϭ�a9�p�u4zy��[7�״��.�Y�)g��"�L�K�e=��6tߗ�ou�Tي�Fm��=���׊}w������v�C��L?cb�KFٟ�9��S9q�=l�h�w�V. The 2020 Strategic Directions: Smart Utilities Report explores the issues and complexities of the changing utility landscape. Historically in our survey, the Energy and Utilities industry group tends to have relatively consistent results. This box/component contains JavaScript that is needed on this page. As the U.S. power and utilities industry continues to transform, more flexible regulatory initiatives may bring new opportunities. Power & Utilities Accounting, Financial Reporting, and Tax Research Guide July 2018 This annual publication provides an update on accounting, tax, and regulatory matters relevant to the power and utilities industry. Financial reporting in the power and utilities industry 3 Foreword International Financial Reporting Standards (IFRS) provide the basis for company reporting in an increasing number of countries around the world. 0 Discover Deloitte and learn more about our people and culture. © 2021. IAS 39, Financial Instruments: Recognition and Measurement, to commodity purchases and sales. We are pleased to present our 14th annual Accounting, Financial Reporting, and Tax Update for the power and utilities (P&U) industry. Utilities around the world are making big investments in advanced analytics. a ‘series’), as well as the effect of the new standard on alternative revenue programs, requirements contracts, renewable engery credits and … This message will not be visible when page is activated. Our publication discusses such proposed and codified standards and highlights nuances that could affect our industry. In this edition, we look at the issues faced by power and utilities companies. In this edition, we look at the issues faced by power and utilities companies. However, there are a number of notable changes for 2018. Distributed renewable generation, new digital technologies and changing consumer expectations are creating a new energy world that is more complex, competitive and challenging. endstream endobj startxref The EEI Financial Review is an annual report on the financial performance and strategic direction of the electric power industry. The utilities sector is a category of stocks for companies that provide basic services including natural gas, electricity, water, and power. Florida’s public power utilities serve more than 1.4 million customer accounts and are a … %PDF-1.6 %���� Our extensive library of publications provides the means to help you gain a better understanding of the principles of International Financial Reporting Standards (IFRS), as well as IFRS for the UK and UK GAAP. This annual publication provides an update on accounting, tax, and regulatory matters relevant to the power and utilities industry. This power and utilities industry supplement discusses the key areas of interest to reporting entities in the power and utilities industry, including (1) whether or not tariff-based sales are within the scope of the new standard, (2) accounting for contract modifications, (3) allocation of a transaction price to the performance obligations within a contract, and (4) methods to be used to measure progress toward … h�bbd```b``�"_�H�� "��@$�8����SA��X DW3�]$Y��N;00120�Mc`$���A��Qr����V �I � Financial statement presentation ; Leases (ASC 842) Financing transactions ; Stock-based compensation ; Foreign currency ; Loans and investments (post ASU 2016-13 and ASC 326) Transfers and servicing of financial assets ; Utilities and power companies POWER FINANCIAL CORPORATION 2018 ANNUAL REPORT I This is Power Financial FINANCIAL HIGHLIGHTS For the years ended December 31 [in millions of dollars, except per share amounts] 2018 2017 Net earnings [2] 2,245 1,717 Net earnings – per common share 3.15 2.41 Renewables, distributed generation, and smart grids demand new capabilities and are triggering new business models and regulatory frameworks. %%EOF The digital revolution is coming to the power industry. Spain. 427 0 obj <>/Filter/FlateDecode/ID[]/Index[413 112]/Info 412 0 R/Length 93/Prev 795400/Root 414 0 R/Size 525/Type/XRef/W[1 3 1]>>stream 2020 Smart Utilities Report. 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. Carbon prices Carbon prices increased moderately between April and May 2018 reaching EUR16.27/T, then declined to EUR14.99/T at the end of June. Power and Utilities In the next 20 years, more innovation will occur in the utilities sector than has occurred to date since the time of Thomas Edison. Our industry continues to face changing markets, new legislation, environmental initiatives, regulatory pressures, and emerging businesses and technologies. 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