Utilities closely watching FERC ADIT reporting requirements

Comment letters are in, and the waiting game has begun.

On November 15, 2018, FERC initiated RM19-5, a Notice of Proposed Rulemaking that addresses how electric transmission providers, natural gas utilities, and pipelines must reflect the accounting and reporting of excess deferred income taxes resulting from the Tax Cuts and Jobs Act of 2017. Comment letters were due by January 22, 2019.

Vadim LantukhJanuary 29, 2019tax, accounting, ferc, regulatory reporting, financial reporting, lucasys, lucasys tax, software, enterprise, tax accounting software, tax accounting infrastructure, adit, financial statement, utility industry, rate regulated utilities, accounting solutions, software design, software suite