Regulatory accounting, rate case cost tracking, and infrastructure asset management for electric, gas, and water utilities. Nexus supports FERC Uniform System of Accounts and the complex regulatory accounting environment utilities operate in.
Utilities maintain regulatory assets and liabilities that exist only under GAAP's regulatory accounting guidance (ASC 980). Tracking these separately from GAAP book values, and supporting their recovery in rate cases, requires dedicated infrastructure.
Rate case proceedings require utilities to present detailed cost data organized by FERC account. Preparing this data from a general-purpose GL is time-consuming and often requires external consultants.
Utilities have asset bases measured in billions of dollars with complex depreciation rate studies, AFUDC calculations, and decommissioning obligations. Asset records must be precise enough to support rate proceedings.
GAAP (ASC 980 — Regulated Operations)
GASB (for publicly-owned utilities)
FERC Uniform System of Accounts
State Public Utility Commission regulations
Rate case
cost data organized and accessible
Regulatory assets
tracked separately from GAAP book values
Infrastructure depreciation
automated across entire asset base
See how Plurafi handles your industry's complexity