Municipal size utilities are under the same pressure and scrutiny as large IOUs, but with less resources to get the job done. Most manage fixed asset accounting with a variety of systems, complex integration, limited IT support and third-party resources.
With resources stretched thin, this approach too often means more manual effort and inaccurate data. PowerPlan eliminates errors and inefficiencies, with a streamlined cloud solution that can accelerate your pace and encourage best practice adoption. And with access to PowerPlan’s industry experts, no problem will be too big to solve.
The Bill intends to channel billions of dollars into municipal utilities, but challenges loom in how they will apply, manage the construction projects and report on their progress when their resources are already stretched thin. Start building your plan now.
Austin Energy needed to fill the void between work management and financials with an automated, interpretive solution that could communicate with operations data and automate capital accounting without adding staff. With PowerPlan, they were able to achieve these objectives and more.
“PowerPlan allows us to prepare for rate cases, internal benchmarks, and analysis far better than we could in the past.” – Vice President, Finance & Corporate Services
As utilities move toward renewable energy, they often still need conventional power resources to fill the gaps in demand. This article outlines best practices to account for these “double” resources and ensure cost recovery.
Former Detroit Water CFO, Marcus Hudson, shares his perspective on why we must modernize our approach to water and sewer pricing and cost accounting. In this article, he explains how utility executives can repair the disconnect with more elastic pricing models and more modern cost allocation methods. By stepping back and looking at rate setting through a fresh lens, we can create balance that benefits our communities and agencies alike for decades to come.
Let’s face it: You may have thought PowerPlan was too pricey for mid-size municipal utilities. We surveyed many of you to learn what matters most to you. We listened to your feedback and have a solution to fit your requirements. PowerPlan’s award-winning, battle-tested, innovative software now helps utilities of all sizes solve their most complex financial challenges – so you can focus on serving your community at an effective rate.