[Federal Register: April 29, 2002 (Volume 67, Number 82)]
[Proposed Rules]
[Page 20922-20923]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr29ap02-27]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
18 CFR Chapter I
[Docket No. RM02-7-000]
Accounting and Reporting of Asset Retirement Obligations
April 23, 2002
AGENCY: Federal Energy Regulatory Commission, DOE.
ACTION: Notice of technical conference and updated agenda.
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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.
ADDRESSES: Technical conference will be held in the Commission Meeting
Room of the Federal Energy Regulatory Commission, 888 First Street,
NE., Washington, DC 20426.
FOR FURTHER INFORMATION CONTACT: 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
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.
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\1\ See 67 FR 16071 (April 4, 2002).
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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.
[[Page 20923]]
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]
BILLING CODE 6717-01-P