Electric Utilities

KBS is the go-to firm for navigating the complex world of electric utilities in the Northeast. With 35 years of unrivaled experience and over 250 successful audits, we understand this highly regulated industry’s unique challenges. Our comprehensive services, including audit and tax solutions, are tailored to empower municipalities and cooperative electric utilities to achieve their financial goals confidently.

Navigating Unique Challenges and Regulatory Landscapes with Ease

Electric utilities in Vermont operate within a heavily regulated environment, overseen by the Public Utilities Commission and financial reporting requirements of the Federal Energy Regulatory Commission (FERC) and Rural Utilities Service (RUS). At KBS, we possess an in-depth understanding of these regulations and the complex reporting requirements that accompany them.

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Regional and global factors often drive fluctuations in the cost of purchasing power—a true commodity. KBS understands these risks and stands by your side, providing invaluable insights to help you navigate and mitigate potential financial hurdles.

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We help streamline your compliance journey, ensuring you meet the necessary guidelines while maximizing operational efficiency.

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Our commitment to excellence and thorough knowledge of regulatory accounting and debt compliance requirements positions us as a partner you can trust. Regarding RUS/FERC accounting and audits, we know the rules and regulations governing these processes.

Our Full Suite of Services Includes:

Audit

Regulatory accounting

Financial statement preparation

Tax planning, projects, and preparation

Equity distribution plans

Board presentations

Accounting for Renewable Energy Credits

Plant Asset Accounting Guidelines

years of experience and over 250 successful audits

Q&A with Electric Utilities Industry Expert William Keyser, CPA

Having immersed yourself in the industry for over 15 years, what words of wisdom do you have for professionals in this industry?

In a highly complex and tightly regulated industry, it is crucial that you choose an advisor with a deep understanding of the industry and the changes it undergoes every year. Partnering with an advisor immersed in the industry is essential to your success. At KBS, we pride ourselves on our dedication to staying on top of changing regulations and our extensive knowledge of reporting guidelines. This allows us to offer more efficient and effective services than traditional accounting firms.