What does USA stand for?

In accordance with Federal regulatory accounting rules, it uses a uniform system of accounts that requires assigning and allocating costs based on types or cost pools.

FERC anticipates issuing final rules to address modifications to its Uniform System of Accounts and record retention rules well in advance of January 1, 2007 to enable companies to transition to FERC's accounting and record retention rules by that deadline.

Other Comprehensive Basis of Accounting Reports To comply with regulatory requirements and to provide important information to financial statement users, many utilities must report their financial results to regulators using OCBOA such as the Federal Energy Regulatory Commission (FERC) Uniform System of Accounts in which all subsidiaries are reported on the equity method of accounting, due to a regulatory emphasis upon utility operations versus non-utility subsidiary operations.

The data, all prepared in accordance with FERC's Uniform System of Accounts, will make comparison among jurisdictional entities easier.

In addition to modifying its Uniform System of Accounts, the Commission revised the following Annual Reports: FERC Form No.

18, 2000, the Federal Energy Regulatory Commission (&uot;FERC&uot; or &uot;Commission&uot;) approved an accounting petition filed by Georgia Power Company which allows public utilities to capitalize the costs of installing the proprietary CableCURE(R) silicone injection product and service provided by UTILX Corporation (&uot;UTILX&uot;) for the rehabilitation of underground residential distribution (&uot;URD&uot;) cable, under the FERC Uniform System of Accounts.

He participated in the FCC's rewrite of the Uniform System of Accounts.