| May 21 |
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Time |
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Topic |
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1:30 PM |
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Welcome and Introductions
Pat Downey, Vice President, SGA
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2:30 |
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Regulatory Evolution - Michael Hansen, SGA Consulting
- History of Natural Gas Legislation and Regulation
- FERC Orders
- Regulatory Bodies
- North American Energy Standards Board (NAESB)
- Regulated vs. non-regulated industry
Break
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2:45 |
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Contracts: The Drivers Behind the Business
- Michael Hansen, SGA Consulting
- Contract Basics
- Transportation
- Storage and Parking/Lending
- Pooling/Balancing Agreements
- Gas Purchases and Sales
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3:45 |
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Maximizing the Power of Excel and Other Accounting Software Tools -
TBA
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4:45 |
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Adjourn
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| May 22 |
|
8:00 AM
8:30
9:15 |
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Continental Breakfast
Uniform System of Accounts
- Chart of Accounts
- Numbering system
- Record-keeping
- Commonly used accounts
Financial Reporting Requirements
- Balance Sheets
- Income Statements
- Sarbanes-Oxley Act
- SEC vs. FERC
- Planning and Budgetary Concepts
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10:15 |
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Break
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10:30 |
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Ratemaking Basics
- Goals of Regulation and Regulatory agencies
- Types of Filings
- Cost of Service Issues
- Fixed vs. variable costs
- Rate design
- Rate filing process
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Noon |
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Lunch
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1:00 |
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Tax Issues for Natural Gas Companies
- Mark Heineman, President, PowerPlan Inc.
- Types of taxes
- Gross-up computation
- Normalization
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2:00 |
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Break
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2:30 |
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Property/Plant Accounting
-Mark Heineman, President, PowerPlan Inc.
- Capital Budget
- Work Order Systems
- Cost Classification
- Basic Terms and Acronyms
- Software/Tools
- Allowance for Funds Used During Construction (AFUDC)
- Capital Asset Management
- Asset Retirement/Removal from Service
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3:30
4:30 PM
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Gas Accounting Basics
- Who are the players?
- Pertinent FASB Statements
- Transportation vs. Sales
- Revenue Accounting
- Gas Storage
- Balancing
- Purchased Gas Accounting
- Unbilled Revenue
- Lost and Unaccounted for gas
Review/Wrap-up Adjourn
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