Accounting for public utilities provides a comprehensive analysis of accounting for public utilities bringing into focus all the special types of accounting rules situations and adaptations that are essential in this highly specialized industry highlights include. Accounting plays a crucial role in todays public utilities most decisions made by utility managers lenders regulators and other governing bodies require extensive use of accounting and financial information indeed a utilitys ability to succeed is directly related to the quality of its accounting information. Accounting for public utilities this publication thoroughly explains and analyzes the complex interplay of the internal revenue code the financial accounting rules and the regulatory and ratemaking process among the topics of particular interest are normalization rules contributions in aid of construction accounting for income taxes . Accounting for public utilities march 8 2016 adam nicholson deloitte touche llp