UTILITY FINANCE AND ACCOUNTING FOR FOR ATTORNEYS
LAS VEGAS: May 22-24, 2019
SAN FRANCISCO: October 9-11, 2019
LAS VEGAS: October 23-25, 2019
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HOTEL AND CITY INFORMATION
LAS VEGAS
Golden Nugget
129 East Fremont Street
Las Vegas NV 89101
We have reserved a block of rooms at the hotel where the seminar will be held. Book early. The block of rooms well be held open until a few weeks before the seminar. This is an AAA four diamond hotel but we negotiated a low weekday rate. To get the rate call (800) 331 5731 and use the one of the codes below to get our group rate. You will probably want to make a reservation arriving the day before the seminar.
$89 plus resort fee per night in May and $99 plus resort fee in October
May 22-24, 2019 Seminar Code: FAI May 2019 #1
Oct 23-25, 2019 Seminar Code: FAI October 2019 #1
If you are staying at the hotel, the newer tower is the Rush Tower. In any case, when you check in you should ask for a room away from Fremont Street (which can be noisy at night.)
We will have a Continental Breakfast each morning and Lunch will be provided.
Class begins at 8 AM ends at 4 PM (except last day we end at 3).
Dress is casual but you could bring a sweater or jacket as the temperature in the meeting room may vary. Also please bring a yellow highlighter.
SAN FRANCISCO
In San Francisco, our seminar will be held at a Conference Facility. We have not blocked out hotel rooms but there are many hotels nearby. Please check on a hotel website such as hotels.com for help.
San Francisco State University Downtown Campus
835 Market Street (Near Powell at the Westfield Centre)
San Francisco, CA , 94103
Enter at 835 Market Street and take elevator to 6th Floor.
OUTLINE OF THE SEMINAR:
Day 1 — 8 AM to 4 PM
Introduction
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Basic Accounting Concepts
– Balance Sheet
– Income Statement
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Financial Statement Analysis
– Return on Equity
– Total Shareholder Return
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The Utility’s Four Sets of “Books”
– GAAP, Tax, Rates, Managerial
– Cost of Service Regulation
– Rate Base, Operating Expenses, Allowed Return
– Above-the-line versus and Below-the-Line Expenses
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Mock Rate Case
– Advertising
– Take or Pay Contracts
Ethics Considerations
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COCKTAILS Optional 4:30 -5:30
Day 2 — 8 AM to 4 PM
Modifications to Rate of Return Regulation
– Adjustment Clauses, Trackers, Riders, Deferrals
– Rate Freezes, Decoupling
– Pre-approvals
– Formula Ratemaking
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Present Value Analysis
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Shareholder Value
– Theory
– Income versus Shareholder Value Maximization
– Risk Considerations
– How to Make Decisions
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Accounting for Utility Plant
– Straight Line Depreciation
– Accelerated Depreciation
– Capitalization Versus Expense
– Methods of Capitalizing More or Less
– Which is Better for the Utility
Day 3 — 8 AM to 3 PM
Taxes
– Temporary Differences
– Deferred Taxes (Normalization)
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Cost of Capital
– Weighted Average Cost of Capital
– Risk Premium Approach
– Discounted Cash Flow (DCF) Method
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Capital Project Analysis Review Case
– Cash Flow as affected by Taxes & Rate Regulation
– Which Discount Rate to Use
– Creating Shareholder Value
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Conclusions
For a list of organizations who have sent people to our classes, look at our previous participant list.
