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Summer Internship 2016
Rebecca BattyAugust 4th, 2016
2
Introduction
• Senior year– ASU– Barrett, The Honors College
• Expected graduation: May of 2017 – Bachelor’s Degree in Accounting – Applied Business Data Analytics Certificate
• Leader: Stephen Perez, Asset Accounting Team Leader– Mentor: Matthew Meza, Accountant I Corporate Resources
3
The Program
• 12-week program – 2 weeks in each of 6 accounting departments
Asset Accounting
Stephen Perez
T&D AccountingSarah Hassel
Corporate Resources
Colleen Sauer
Regulatory Accounting
Leticia Washington
Financial Reporting
Lisa Lane
Generation AccountingJay Twitchell
Asset Accounting
Projects• Unitizing with Linda and Cindy
– T&D Jobs: breakers, switches, batteries, etc.• Responsibilities of the Asset Accounting team• Project Start
Meetings• Asset Trend Meeting• Asset Account Alert Training
– Linda and Austin Prusak (Customer Project Manager)• PO Liability Trend Meeting
Asset Accounting
Stephen Perez
T&D AccountingSarah Hassel
Corporate Resources
Colleen Sauer
Regulatory Accounting
Leticia Washington
Financial Reporting
Lisa Lane
Generation AccountingJay Twitchell
T & D Accounting Projects• Job Classifications (O&M or Capital?)
– $5,000-$12,000 range• Streetlight Billing: Casa Grande; $60,000
– Casa Grande contracts: Bill or Write Off?• Variance Analysis: Income Statement T&D Customer Service
Meetings• Project and Program creation DV
– Albert Fagyas: Section Leader Engineering• Project Adherence Meeting DV
– Getting to know the whole story behind a job is important; may be multiple hurdles/ people
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Asset Accounting
Stephen Perez
T&D AccountingSarah Hassel
Corporate Resources
Colleen Sauer
Regulatory Accounting
Leticia Washington
Financial Reporting
Lisa Lane
Generation AccountingJay Twitchell
6
Corporate Resources AccountingProjects• Above the Line/ Below the Line Scrub
– Applied expected charging practices to Power Plant• Accounting for Software (GAAP ASC 350-40)
– Journal Entries
Meetings• Q2 A/R Review• UDAK Overview with Colleen
– Essential part of all jobs throughout the company
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Asset Accounting
Stephen Perez
T&D AccountingSarah Hassel
Corporate Resources
Colleen Sauer
Regulatory Accounting
Leticia Washington
Financial Reporting
Lisa Lane
Generation AccountingJay Twitchell
7
Regulatory AccountingProjects• EIS (Energy Information Systems)
– Customers can monitor their energy usage online (through Automated Energy)
• APS incentive: we pay 75% of the bill the first year– Met with Michael Green (Customer Service Engineer II) to
discuss billing process and improvements to be madeMeetings• Native Load Revenue and Fuel and Native Load• Regulatory Overview
777777777777777
Asset Accounting
Stephen Perez
T&D AccountingSarah Hassel
Corporate Resources
Colleen Sauer
Regulatory Accounting
Leticia Washington
Financial Reporting
Lisa Lane
Generation AccountingJay Twitchell
8 8
Customer Invoice # Billing Date Amount Billed Payment Date Amount Paid Days Outstanding AE BillFeb-15 HCP Inc. AR0720000729 2/3/2015 272.50$ 3/5/2015 272.50$ 30 Y
Florence Unified School District AR0720000727 2/2/2015 136.25$ 2/18/2015 136.25$ 16 YPolymicro Technologies AR0720000731 2/3/2015 1,100.00$ 2/23/2015 1,100.00$ 20 YNovo Biopower LLC AR0720000730 2/3/2015 245.00$ 3/9/2015 245.00$ 34 YRed Development LLC AR0720000728 2/3/2015 1,680.00$ 3/2/2015 1,680.00$ 27 Y
Mar-15 TR Scottsdale Gateway AR0720000748 3/11/2015 420.00$ Write Off YMazatzal Hotel and Casino AR0720000749 3/19/2015 420.00$ 4/15/2015 420.00$ 27 YPAG Scottsdale 101 Management LLC AR0720000750 3/19/2015 420.00$ 4/15/2015 420.00$ 27 YPAG Sun Motors LLC AR0720000751 3/19/2015 420.00$ 4/9/2015 420.00$ 21 YClarendon Hotel Group LLC AR0720000752 3/19/2015 420.00$ 4/4/2015 420.00$ 16 YPAG North Scottsdale BE LLC AR0720000753 3/19/2015 420.00$ 4/17/2015 420.00$ 29 YPAG CJ NS LLC AR0720000754 3/19/2015 420.00$ 4/20/2015 420.00$ 32 YFCA Fund Phoenix 1 LLC AR0720000755 3/19/2015 1,680.00$ 4/7/2015 1,680.00$ 19 YHCP, Inc. AR0720000756 3/19/2015 210.00$ 4/10/2015 210.00$ 22 YSalt River Materials Group AR0720000757 3/19/2015 420.00$ 4/8/2015 420.00$ 20 YPAG LRP LTD AR0720000758 3/19/2015 420.00$ 4/17/2015 420.00$ 29 YMS MCC Viad LLC AR0720000759 3/19/2015 1,260.00$ 4/17/2015 1,260.00$ 29 YHST Kierland LLC AR0720000761 3/19/2015 1,575.00$ Write Off YTurf Paradise AR0720000762 3/19/2015 420.00$ 5/8/2015 420.00$ 50 YPrintpack Inc. AR0720000763 3/19/2015 1,680.00$ 7/1/2015 1,680.00$ 104 YAmazon.com AR0720000764 3/19/2015 1,680.00$ 4/20/2015 1,680.00$ 32 YPAG SA Automotive LTD AR0720000765 3/19/2015 420.00$ 4/17/2015 420.00$ 29 YCapistrano's Bakery AR0720000766 3/19/2015 420.00$ 4/3/2015 420.00$ 15 YPAG Sun Motors LLC AR0720000767 3/19/2015 420.00$ 4/15/2015 420.00$ 27 YPorsche North Scottsdale AR0720000768 3/19/2015 420.00$ 4/15/2015 420.00$ 27 YArizona Central Credit Union AR0720000769 3/19/2015 420.00$ 4/8/2015 420.00$ 20 YPAG United Ranch Automotive LLC AR0720000770 3/19/2015 420.00$ 4/17/2015 420.00$ 29 YParadise Valley Unified School District AR0720000760 3/19/2015 2,520.00$ 4/27/2015 2,520.00$ 39 YICC Commercial Contracting LLC AR0720000747 3/11/2015 300.00$ Write Off N
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Financial Reporting Projects• Financial Statement Tie-outs
– Balance Sheet, Income Statement, Cash Flows– Scanning in Footnotes to SharePoint
• 10Q Edgar Reads
Meetings• Q2 Gross Margin Meeting• Overview of the Financial Reporting Close Process• Variance Meeting for Q2 with Deloitte
– Be prepared with the stories behind the numbers
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Asset Accounting
Stephen Perez
T&D AccountingSarah Hassel
Corporate Resources
Colleen Sauer
Regulatory Accounting
Leticia Washington
Financial Reporting
Lisa Lane
Generation AccountingJay Twitchell
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Generation Accounting
Projects• B/S Reconciliations for the Four Corners Acquisition
– Went live in August
• Four Corners Audit by El Paso Electric CompanyMeetings• Depreciation for the Four Corners Acquisition• Four Corners Audit Update – Jay and Carrie
1010101010101010101010101010101010101010101010
Asset Accounting
Stephen Perez
T&D AccountingSarah Hassel
Corporate Resources
Colleen Sauer
Regulatory Accounting
Leticia Washington
Financial Reporting
Lisa Lane
Generation AccountingJay Twitchell
Internship Project: Retirement Unit Catalog in Asset
Accounting with Cindy Pogue
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• Problems– T & D, Fossil, and Nuclear had 3 separate RUC’s (retirement unit
catalogs)• Creates company-wide inconsistency• Many pages were duplicates, sometimes existing in all 3 catalogs
– Ex. Sometimes an asset account relating to fossil is also in nuclear
• Solution: Condense from 3 catalogs to one; post on the SharePoint site– These rules will apply to the entire company, no matter where the
asset is– Also a chance to fix descriptions/ spelling
Background Information
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My Part
• Problem: PowerPlant still has the old RU combinations– Many RUC pages had to be renumbered due to
inconsistencies across the catalog
• Solution: Make comparisons between new RUC and PowerPlant– So that PowerPlant reflects the new RUC
• Next Steps– Key new RU combinations into Power Plant– Inactivate old combinations so that departments can start
using the new ones
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RU 001 - Land
Description Business Segment31000 Fee Land Generation34000 Land & Land Rights Generation34000 Land & Land Rights (Rnw) Renewables34001 Land & Land Rights, CC Generation34002 Land & Land Rights, GT Generation35000 Land Delivery35001 Land, SCE 500kV System Delivery36000 Land Delivery38900 Land General38900 Land Shared Services
Description Business Segment32000 Land Nuclear Need to relate to non-PV number DONE35000 Land Delivery duplicate from above
OLD NEWexternal_retire_unit description Retire Unit Old Property Group New Property Group0010100 Land No change Land and Land Rights No Change
external_retire_unit description Retire Unit Old Property Group New Property Group0010100 PV Land 0010100 Land and Land Rights No Change
Change -00 option to say All (not part of parcel)
Effective Date: 1/1/2015
Retirement Unit Category – 001
Land
Category Description: All costs incurred to acquire land. Included are broker and agent fees, surveys, appraisals, title examination, title insurance, recording and escrow fees, and other items included in FERC "Electric Plant Instruction #7."
Capital Items:
Each acquisition or disposition of land
Minor Items (O&M):
None
Retirement Unit Excludes: Land Rights - See RU 002 Site Clearing - See RU 004 Operations and Maintenance (O&M) Functions: None
Accounting Treatment:
FERC Account Options:
NUCLEAR 320 PRODUCTION Steam 310 Other 340 TRANSMISSION 350 DISTRIBUTION 360 GENERAL 389
Effective Date: 1/1/2015
Retirement Unit Kind:
Land 01
Retirement Unit Size:
Part of parcel number 00
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Findings• Almost every account needs updates in PowerPlant
Conclusion• This project will need a few more phases, but it is
necessary so that there is more consistency and efficiency when it comes to classifying assets
Significance• It will improve efficiency and knowledge of assets across
the company• This project aligns with Jim Hatfield’s new CI (Continuous
Improvement) program
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Intern Experiences• Toastmaster’s (Thursday’s)• IT Brown Bag Collaborations• Networking Events:
NextGen and NUE
Trainings• ACC Rate Case
Background• Formula Rate
Introduction• Nuclear Fuel Accounting• Allocations
Tours• Redhawk Power Plant• Deer Valley Field Tour• Power Marketing and
Trading Tour
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GCU Clothing Drive Volunteer Event
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Job ShadowsGM Audit & Investor Relations
Paul Mountain
Financial Consultant Trust InvestmentDerek Granger
VP Human ResourcesBarb Gomez
Director Pension & Trust InvestmentTom Foster
Chief Financial OfficerJim Hatfield, Roundtable Lunch
Manager TreasuryRufad Omanovic
Manager Corporate FinanceJennifer Mellegers
Manager Accounting, FinanceKim Razo
Director Enterprise Risk ManagementTim Bolden
VP Controller and CAODenise Danner
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APS Values
• Safety • Professional
development• Informed employees• Continuous learning
environment
Conclusion
Lessons Learned
• Networking• Don’t be afraid to ask
questions• Show up to meetings
early• Learn about people’s
interests outside of work
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QUESTIONS?
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