In September 2015, mind HPC America returned to exhibit at the SAP Controlling conference in San Diego. This year, we moderated two sessions at the event, including a customer Panel Discussion on modern cost accounting and FERC strategies for utilities on SAP that you can watch* here:
* To find key moments in the video, see the following time markers:
- HPC introduction
- RPU presentation @ 1:20
- NTUA presentation @ 6:30
- FirstEnergy presentation @ 11:05
- Sharyland presentation @ 19:39
- Q&A discussion @ 25:10
The panel covered a number of utility accounting and regulatory reporting topics, such as:
- Best practices for using assessments with overheads to capitalize indirect labor and expenses
- Improving defensibility of FERC accounts through CO documents
- Benefits of using CO for pricing fleet units and applying pricing to work orders
The panel was comprised of utility Controllers and SAP FICO/FERC experts from FirstEnergy, Rochester Public Utilities, Navajo Tribal Utility Authority, and Sharyland Utilities, who bring extensive real-world experience with SAP Financials for utilities.
Steve Law is a business analyst and FICO/FERC subject matter expert at FirstEnergy Corporation, a diversified energy company headquartered in Akron, OH that serves 6 million customers across Ohio, Pennsylvania, West Virginia, New Jersey, Maryland, and New York. Steve has more than 35 years of experience in utility accounting, and has worked in General Accounting, Financial Reporting, Internal Controls, and Business Services. Since 1998, Steve’s primary responsibility has been Regulatory Reporting; he led the SAP FERC module implementations at General Public Utilities Corp. in 1999, and at FirstEnergy in 2003. Today, he is a project lead on FirstEnergy’s upgrade to a “CO-centric” FERC model that enhances external reporting with Controlling module data.
Bryan Blom is a CPA and the Controller of Rochester Public Utilities (RPU), a division of the City of Rochester, MN that serves 50,000 electric customers and 38,000 water customers. Bryan has been with RPU for 23 years, and has 16 years of SAP Financials experience. In 1999-2000, he was responsible for RPU’s implementation of the SAP Controlling, Fixed Asset, and FERC modules, and contributed to the implementation of Plant Maintenance. In 2012, he led RPU’s optimization of SAP Regulatory Reporting and adoption of a CO-centric cost model. Today, Bryan is responsible for many aspects of SAP Financials at RPU, including general ledger accounting and reporting; treasury management; accounts payable, budgeting and forecasting; financial regulatory reporting; utility billing, credit and collections; and financial, cost, and rate analysis.
Gerard Curley is the Controller for Navajo Tribal Utility Authority (NTUA), which provides electric, gas, water, wastewater, photovoltaic, and communication services to customers in the Navajo Nation. He has nearly a decade of experience with SAP, works with the full breadth of modules, and is focused on optimizing SAP functionality to streamline NTUA operations. Prior to joining NTUA three years ago, Gerard was the SAP FI/CO subject matter expert for a mining company in the U.S. and Australia.
Armando Bustamante is the Controller of Sharyland Utilities, which serves over 50,000 electric delivery points in 29 counties throughout Texas. Armando is responsible for many aspects of SAP Financials at Sharyland, including general ledger accounting and reporting, accounts payable, financial regulatory reporting, and project accounting. Armando is currently leading Sharyland’s implementation of the SAP FERC module, and he is a contributor on the implementation of a new hosted CIS module. Armando has more than 20 years of experience in accounting, including Financial Reporting and External Audit. Armando began his professional career with PriceWaterhouseCoopers in Venezuela and the Dallas offices before joining the Hunt Family of Companies in 2011. Armando is a CPA and earned an MBA from the University of Dallas.
At Controlling 2015, HPC also hosted an Expert-Led Networking session for utilities and public sector organizations, which provided attendees an opportunity to discuss budget preparation and experience with SAP and third-party solutions; infrastructure and support sharing across organizations, districts, or governments; meeting internal and external reporting requirements; improving visibility into costs; and other topics unique to utility companies, municipalities, and other public sector entities.