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Regulation Adoption

PowerPlan has been helping leading companies respond to ever-changing regulations for 30+ years.

Whether it’s a new Federal Energy Regulatory Commission (FERC) standard or corporate tax reform, PowerPlan is here to help customers minimize risk and optimize business outcomes when adopting new policies. Change never comes at an opportune time and timelines are always tighter than you want them to be. PowerPlan has the software tools and industry expertise to successfully manage the impacts of changes to your organization.

Regulatory Changes

Gas Tax Repairs Revenue Procedure 2023-15

On April 14th, 2023, the IRS published its long-awaited guidance on the safe harbor method of accounting for tax repairs for natural gas distribution and transmission property. PowerPlan is ready help customers adopt these changes with its industry standard software solution and expert services. 

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FERC Order 898  

On June 29th, 2023, FERC issued Order 898 to improve reporting transparency around renewable assets, renewable energy credits (RECs), communication equipment, and computer hardware & software. PowerPlan is prepared to assist customers adopt these requirements with its software solutions and expert services.

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Cost of Removal (COR) Private Letter Ruling 

On August 14th, 2020 the IRS issued a private letter ruling (PLR) that further clarified cost of removal related to net deferred tax assets and liabilities is not protected by normalization rules. PowerPlan’s experts are ready to provide guidance and to assist customers with breaking out COR in alignment with the PLR.

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