Updating a Unit of Property Catalog for a Large Utility
A large southern utility faced complex accounting classification decisions for its aging generation and transmission assets, complicated by first-of-a-kind obsolescence projects. MCR streamlined the utility’s unit of property catalog through a structured update process supported by industry benchmarking. These efforts yielded a 30% reduction in property units, alleviated decision-making contention, and shifted $40M in annual spending from O&M to capital.