There’s no shortage of data in the utility industry. What is in short supply are experts who have the insider knowledge to help utilities thrive in the future by unlocking the full potential of their data today.
As the only full-service SAP consulting and solutions company focused exclusively on utilities, Utegration can position your company to capitalize on advances in artificial intelligence, machine learning, smart grid technologies, IoT, and the future of customer experience.
Nov 15, 2022
The Federal Energy Regulatory Commission (FERC) is planning a major modernization of the Uniform System of Accounts (USoA) to encompass renewable energy and electricity storage.1 Changes to the accounting numbers is a rather rare event. The last update was almost a decade ago. So it’s important to understand how a revision could affect utilities and their rate recovery processes.
Aug 5, 2022
The year 2022 is shaping up to be one of rising interest rates following near zero rates during the pandemic. The implication for pure-play regulated utilities is increasing borrowing costs for construction of new assets to the rate base. As interest rates rise, utility income will be hurt by higher debt financing because utilities compete for capital from bond investors who are attracted to rising yields. And higher debt service costs lowers returns to shareholders, at least in the short term.
May 24, 2022
Welcome back to our Customer Newsletter Series, "How Ready are You for the Future?" In Part 1 in the series, we described the Infrastructure Investment and Jobs Act (IIJA) as Utegration sees it – a once-in-a-lifetime opportunity to accelerate utility improvements and transformation. The objective of the article was to start the conversation about your utility's readiness to meet and deliver on this opportunity.
Apr 29, 2022
Customer experience is on the move… literally! The boundaries of Customer Information Systems (CIS) are extending to include customer self-service, field service, and sales of new products and services. Utilities are seeing this transformation as they begin their CIS upgrade or re-platforming journey.
Nov 2, 2021
For many years, utilities, energy companies and other asset-intensive businesses on SAP ECC have had to look outside the ERP to manage fixed asset accounting. Some core asset accounting functions were not delivered in the ERP—specifically, to construct, depreciate, and retire assets—so customers had little choice but to run an external asset accounting solution. In this scenario, the typical practice has been to move data from the ERP, into the external solution, and then back again to the ERP for posting to the general ledger.
Jul 20, 2021
Since sharing some insights about the FERC’s XBRL reporting mandate earlier this year, Utegration’s team has gained greater perspective on what it takes to implement an XBRL solution successfully.