Proposed Rules. Notice of technical conference and updated agenda

Agency: Federal Energy Regulatory Commission, DOE
Action: Notice of technical conference and updated agenda
Citation: FR Doc. 02-10445 · Docket No. RM02-7-000

Summary

The Federal Energy Regulatory Commission (Commission) previously issued a Notice of Informal Technical Conference on March 29, 2002, announcing that the Commission staff will hold a technical conference on May 7, 2002 to discuss the financial accounting, reporting and ratemaking implications related to asset retirement obligations associated with the retirement of tangible long-lived assets. In addition, the March 29, 2002, notice requests written comments be submitted on or before April 29, 2002. Today's notice updates the agenda, showing the names of panelists and times for each panel. All interested parties are invited to attend.

Dates

The May 7, 2002, technical conference begins at 9 a.m. and ends at 4 p.m.

Supplementary Information

In addition to publishing the full text of this document in the Federal Register , it is available for inspection in the Commission's Public Reference Room at 888 First Street, NE., Room 2A, Washington, DC 20426, during regular business hours and is posted on both the Commission's Issuance Posting System (CIPS) and the Records and Information Management Systems (RIMS), and may be viewed and printed remotely via the Internet through Commission's Home Page: http: //www.ferc.gov. As announced in the Notice of Conference issued March 29, 2002, 1 Commission staff will hold a technical conference on May 7, 2002 to discuss the financial accounting, reporting and ratemaking implications related to asset retirement obligations associated with the retirement of tangible long-lived assets. This one-day conference will begin at 9 a.m. and end at approximately 4 p.m., and will be held in the Commission Meeting Room of the Federal Energy Regulatory Commission, 888 First Street, NE., Washington, DC. All interested persons are invited to attend. 1 See 67 FR 16071 (April 4, 2002). Notice of Techical Conference and Updated Agenda The Commission staff will discuss the following topics with panelists: 1. The types of fixed assets that have an asset retirement obligation that would be recognized and measured under such a requirement. 2. The impact asset retirement obligations have on depreciation accounting and depreciation procedures. 3. The accounting implementation issues related to the recognition of asset retirement obligations for existing and future long-lived assets. 4. The impact on the Uniform Systems of Accounts and the Commission's rate regulations. Attached is the updated Agenda, showing names of panelists and times for each panel. Questions about the conference and the program should be directed to Mark Klose (Project Manager/Technical Issues), at (202) 219-2595 or mark.klose@ferc.gov, Raymond Reid (Technical Issues), at (202) 219-2928 or raymond.reid@ferc.gov or Julia Lake (Legal Issues), at (202) 208-2019 or julia.lake@ferc.gov Magalie R. Salas, Secretary. May 7, 2002 Conference Agenda I. Opening Remarks—FERC Staff 9 a.m-9:15 a.m. John M. Delaware, Deputy Executive Director and Chief Accountant II. Panel 1—CPA Firms/Academia 9:15 a.m.-10:45 a.m. CPA Firms Jan Umbaugh, Partner, Deloitte & Touche, LLP. Mike Barrett, Partner, Ernst & Young, LLP. Carl Gilbert, Partner, KPMG, LLP. Kim Staudt, Partner, PricewaterhouseCoopers, LLP. Academia Thomas Porter, Ph.D., Georgia State University. Break 10:45 a.m.-11 a.m. III. Panel 2—Industry Associations/Jurisdictional Entities 11 a.m.-12:30 p.m. Edison Electric Institute Dane Watson, Property Accounting Services Manager TXU Business Services. James Henderson, Administrator, Depreciation Studies and Plant Accounting, American Electric Power. Interstate Natural Gas Association of America Greg G. Gruber, Senior Vice President, Chief Financial Officer & Treasurer, El Paso Pipeline Group. Lunch Break 12:30 p.m.-1:30 p.m. IV. Panel 3—NARUC/Other Regulatory Bodies, and Rural Electric Cooperatives 1:30 p.m.—3 p.m. National Association of Regulatory Utility Commissioners Pat Lee, Senior Analyst—PSC, Florida Public Service Commission. Rural Utilities Services Kenneth Ackerman, Assistant Administrator, Program Accounting and Regulatory Analysis. National Rural Electric Cooperative Association Steve Piecara, Director—Tax Finance and Accounting Policy. Basin Electric Power Cooperative Shawn Deisz, Manager, Financial Reporting. Old Dominion Electric Cooperative Bob Kees, Assistant Vice President & Controller. Break 3 p.m.-3:15 p.m. 3:15 p.m.-4 p.m. V. Panel 4—Other Parties Brown, Williams, Moorhead and Quinn, Inc. Ed Feinstein, Vice President. [FR Doc. 02-10445 Filed 4-26-02; 8:45 am]