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Can new GL parrallel ledger replace FERC reporting requirement?

Hi Gurus,

I'm in a new ECC6.0 implementation and the client has been using FERC for regulatory reporting, my question is that new GL- parallel ledger function suffice FERC reporting requirement?

thanks,

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    Posted on Jul 15, 2010 at 01:17 PM

    I've worked with some utilitiy businesses and the new GL (SAP has a separate FERC solution), the new GL parallel ledger should be able to meet the FERC requirements. It is when consolidating in BCS or ECCS that any equity pick-up be eliminated for the entities that are considered controlled to the point where they are accounted for using the purchase method.

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