Popowsky v. Pennsylvania Public Utility Commission

PELLEGRINI, Judge.

Irwin A. Popowsky and the Office of Consumer Advocate (OCA) petitions for review the decision of the Pennsylvania Public Utility Commission (PUC) allowing Pennsylvania Power & Light Company (PP & L) to record as a regulatory asset the present costs of complying with a change in accounting standards and to recover those costs in future rates.

In December, 1990, the Financial Accounting Standards Board, the body which sets accounting standards for businesses in the United States, issued Statement of Financial Accounting Standards (SFAS) 106. SFAS 106 changed the generally…