FERC Establishes Revised Accounting Rules to Address
On June 29, the Federal Energy Regulatory Commission (FERC or Commission) issued Order No. 898, a final rule that revises FERC''s Uniform System of Accounts (USofA) by adding
Power, Utilities, and Renewables | DART – Deloitte Accounting
This Renewables Spotlight examines the accounting for battery energy storage systems and for land lease costs during construction. This Renewables Spotlight examines consolidation matters related
Accounting for Utility-scale Clean Energy Storage
Some utility-scale technologies, like pumped hydro, are experiencing a resurgence in investment due to production tax incentives extended to stand-alone clean energy storage for the first time under the
Financial Accounting Challenges and Solutions for New Energy
Meta description: Discover how new energy storage companies are tackling unique financial accounting hurdles, from revenue recognition complexities to tax incentive optimization. Learn actionable
Accounting and Reporting Treatment of Certain Renewable Energy
In the NOPR, the Commission proposed, as discussed in greater detail below, to: (1) create new subfunctions and accounts for wind, solar, and other non-hydro renewable generating
Energy Transition: carbon capture and storage accounting
This publication is part of our ''Applying IFRS to the Energy Transition'' publication series and focuses on certain accounting considerations associated with Carbon Capture and Storage (CCS) projects.
Energy Storage Power Station Accounting Process: A Comprehensive
Summary: This article explores the specialized accounting framework for energy storage power stations, addressing key challenges in cost allocation, depreciation models, and regulatory compliance. Learn
FERC Order 898: Renewable & Storage Accounting Rules | IRIS
FERC Order 898 is a landmark change for the energy industry, representing the first major update to the Uniform System of Accounts (USofA) in over a decade. It introduces new
Greenhouse Gas Emissions Accounting for Battery Energy
Utility-scale energy storage is now rapidly evolving and includes new technologies, new energy storage applications, and projections for exponential growth in storage deployment.
Understanding FERC Order 898: Implications and Opportunities for
What you need to know: Marking a new era for the accounting of renewable energy sources and energy-storage facilities, regulated entities must begin to comply on January 1, 2025