Energy & Utilities

Practice Leader: James Nowoswiat

Navigating a complex regulatory and tax environment

Energy and utility companies are sensitive to the rising cost of operations and the requirement to increase rates to recover costs, while working hard to provide adequate shareholder returns. The current economic environment is particularly challenging for the energy and utility industry to obtain or maintain financing, leverage existing customer relationships and provide shareholder value.

ParenteBeard serves more than 25 public utility clients (both public and non-public) including water, telecommunications, electric distribution, natural gas distribution and transmission, cogeneration and coal companies. We conduct annual utility training for our audit and tax personnel to ensure they have a current working knowledge of the fundamentals of ratemaking and industry terminology, and are kept abreast of emerging industry issues.

Our regulatory expertise encompasses issues involving the U.S. Securities and Exchange Commission (SEC), the Federal Energy Regulatory Commission (FERC), the Federal Communications Commission (FCC), as well as state Public Utility Commissions (PUC). The ParenteBeard energy and utilities practice has years of experience with regulatory filings, including PUC annual reports and SEC filings. We are also well-versed with the audit requirements of the Rural Utilities Service (RUS).

Experienced ParenteBeard professionals can provide the technical depth your industry requires, and give you the access, clarity and cost-effective service you need to confidently serve your many stakeholders.