NARUC in Wintertime

Utility Regulation and Policy Wait For No Man.

See You at this Year’s Winter Meeting on Edison’s Birthday (February 11).

New York Adopts FASB Update

The New York Public Service Commission has directed all utilities that fall under its regulatory jurisdiction and that have defined benefit pension plans and/or postretirement benefits packages to switch to an updated accounting standard for purposes of meeting financial reporting requirements, including in rate cases. The commission asserted that while the change could make retail rates more volatile in the short run, ratepayers will not pay more over the long run.