Event Summary
Join us for a dynamic, modular webinar that demystifies the intersection of regulation and financial reporting for natural gas pipelines and local distribution companies (LDCs). Designed for finance, accounting, and regulatory professionals, this course breaks down how regulatory frameworks shape financial disclosures, both for Wall Street and oversight agencies.
You’ll discover how the unique characteristics of natural gas influence regulatory objectives and compliance strategies. We’ll dive deep into the roles of the Federal Energy Regulatory Commission (FERC) and State Public Service Commissions and explore how their oversight directly impacts reporting standards.
Key Topics Include:
- The essentials of regulatory reporting and its purpose
- The FERC Uniform System of Accounts and ASC 980 (Accounting for Regulated Operations)
- Major FERC rulings and their implications on pricing and cost reporting
- The foundational laws that govern pipeline and LDC accounting practices
By the end of this course, you’ll have a solid grasp of accounting standards for regulated entities and be equipped to take your understanding of natural gas industry financials to the next level.
Perfect for newcomers and professionals looking to refresh or expand their knowledge, don’t miss this opportunity to build a critical foundation in regulated accounting.
Participants will receive 4 Professional Development Hours (PDH) upon completion.
Course Objectives
- Gain a comprehensive overview of the natural gas industry and its unique financial reporting challenges.
- Explore introductory accounting principles specific to the natural gas sector, including the impact of regulatory oversight on financial practices.
- Understand key accounting standards for regulated pipelines and Local Distribution Companies (LDCs), including the application of GAAP and FERC requirements.
- Learn about Federal Energy Regulatory Commission (FERC) regulations and associated reporting requirements.
Who Should Attend
New employees to the industry, starting accountants or rate personnel and those who want to have a basic understanding of what the financial regulation of the industry is.
Meet the Instructor
Jim Mayhew
James (Jim) Mayhew has over 40 years of experience in the energy industry including electric, natural gas, and merchant energy services. He has held senior positions with electric, natural gas, joint action agencies and merchant services overseeing regulatory requirements, regulatory accounting and customer operations. He has extensive experience in regulatory and financial reporting requirements for utilities at the state and federal level. He has testified before the Federal Energy Regulatory Commission, state regulatory bodies and in federal and state courts on revenue requirements, regulatory oversight, accounting results and customer operations. He has served on multiple industry boards. His education includes a Master of Science in Business, an MBA, and an undergraduate degree in accounting.
