Utilities
Power companies and other extractive entities are cyclical business driven by fluctuations in commodity price. As such, they are exposed to significant price volatility and credit risk is of great concern. Since these companies often utilize derivatives, rigorous financial disclosure and controls must demonstrate strong corporate governance policies. Clay Thomas, PC offers the experience needed to assist utilities with the review of appropriate financial and credit risk.
At Clay Thomas, PC, we offer high quality audits, Sarbanes-Oxley 404 compliance, and services to the specific needs of the industry to include:
- Regulatory and Reporting Compliance
- Managing Financial Risk
- Industry Regulatory Change Management
- Performance and Operational Effectiveness Improvement
- New Production Start-Up Assistance
- Production, Revenue, and Joint Interest Accounting
- Excise, Sales, and International Taxation
We offer services to businesses whose financial officers are under intense pressure to demonstrate that the risk and financial models they utilize are appropriate for strategic decisions. Clay Thomas, PC assists clients in the development of strategies in response to widely changing regulatory and tax environments and the development of funding structures which requires management of cash flow within the company.