Business Essentials for Utility Engineers: 1st Edition (Hardback) book cover

Business Essentials for Utility Engineers

1st Edition

By Richard E. Brown

CRC Press

353 pages | 78 B/W Illus.

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Hardback: 9781439811962
pub: 2010-02-09
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pub: 2017-12-19
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Description

It is no longer acceptable for utility engineers to make spending decisions solely because they make good engineering sense. In today’s environment, they must also demonstrate solid business acumen and show that recommendations make good business sense. With this goal in mind, Business Essentials for Utility Engineers systematically presents each business topic to arm engineers with the tools and vocabulary necessary to be more effective when interacting with senior management, and for promotion to senior management.

This book covers all business concepts important to utility engineers, including regulation, ratemaking, accounting, finance, risk management, economics, budgeting, and asset management. The author applies his vast corporate experience to give readers a solid foundation for business theory, discussing the idiosyncrasies of utilities and using advanced mathematics to demonstrate business concepts. He also explains how to properly apply this theory to utilities, expounding on specific business skills that will greatly benefit utility engineers in their daily jobs.

Chapters are organized to build sequentially upon each other, and take advantage of the mathematical sophistication and deductive nature of engineers when presenting material. After reading this book, utility engineers will view their industry from a new perspective, and will have a greatly expanded business vocabulary. Suitable for self-study, undergraduate study, graduate study, or as a desk reference, this book provides a robust framework for correct business thinking and a solid foundation for further learning.

WAtch Richard E. Brown talk about his book at: http://youtu.be/gdyjq77nQFI

Reviews

… The author does excellent work in organizing, describing, and explaining the business concepts. All concepts are clearly and accurately explained, and the material is presented at an appropriate level of complexity and depth … informative and valuable as a reference book. I recommend the book to any utility engineer responsible for planning, designing, managing, or maintaining utility infrastructure.

--Robert E. Bisson, IEEE Power & Energy Magazine

Table of Contents

UTILITIES

Types of Utilities

Natural Monopolies

Utility Ownership

Utility Regulation

Utility Rates

Service Standards

Deregulation

ACCOUNTING

The Basic Accounting Equation

Journals, Ledgers, and Accounts Accounting Principles

Financial Statements

Other Types of Accounting

ECONOMICS

Supply and Demand

Market Pricing

Producer Surplus

Monopolistic Pricing

Business Cycles

FINANCE

Time Value of Money

Company Valuation

Market Efficiency

Capital Structure

Tax Shields

Bankruptcy

RISK

Probability and Statistics

Stock Price Movement

Diversification

Portfolio Theory

Capital Asset Pricing Model

Financial Options

Real Options

FINANCIAL RATIOS

Profitability Ratios

Activity Ratios

Leverage Ratios

Liquidity Ratios

Market Ratios

DuPont Analysis

Residual Income and EVA

RATEMAKING

Regulatory Goals

Revenue Requirements and the Rate Base

Rate Design

Rate Cases

Rate Base Misconceptions

BUDGETING

Top-Down Budgeting

Bottom-Up Planning

Types of Budgets

Project Prioritization

Business Case Justification

ASSET MANAGEMENT

What Is Asset Management?

History of Utilities

History of Asset Management

Organizational Functions

Asset Management Process

Each chapter concludes with a "Summary" and "Study Questions"

About the Author

Richard E. Brown is the Vice President of Operations for Quanta Technology.

Subject Categories

BISAC Subject Codes/Headings:
BUS042000
BUSINESS & ECONOMICS / Management Science
TEC009000
TECHNOLOGY & ENGINEERING / Engineering (General)
TEC031020
TECHNOLOGY & ENGINEERING / Power Resources / Electrical