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Enbridge outlines three-tier corporate cost-allocation approach at Utah PSC conference
Summary
Enbridge staff explained the company’s approach to allocating parent-level corporate expenses to operating utilities during a technical conference before the Utah Public Service Commission.
Enbridge staff explained the company’s approach to allocating parent-level corporate expenses to operating utilities during a technical conference before the Utah Public Service Commission.
The allocation process, presenters said, first attempts direct assignment of costs to a specific business unit. If that is not possible, costs are attributed to a business segment (for example, gas distribution) and split among companies in that segment. Remaining indirect costs are allocated across the enterprise using one of three drivers—salary, revenue, or a three-factor formula of revenue, compensation and plant—chosen to match the underlying cost driver.
Why it matters: how Enbridge allocates corporate expenses affects what Questar Gas asks to…
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