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New AI Solution Helps Utilities Address More Than $180B in Capital Accounting Backlog

ROP
  • PowerPlan announced Intelligent Unitization, its first AI-powered solution designed to support ongoing unitization & reduce backlogs in asset-intensive energy companies.
  • The backlog of non-unitized plant balances in the electric utility industry has grown roughly 10x over the last 30 years, totaling over $180 billion according to PowerPlan analysis of FERC Form 1 filings.
  • The solution is built on 30 years of utility asset accounting expertise & trained on real-world accounting requirements to minimize manual effort while scaling efficiently.
  • A development partner demonstrated the tool by automatically reconciling a major capital project's asset records in minutes, replacing days of manual cross-referencing & creating a fully traceable audit trail.
  • Intelligent Unitization automatically classifies & reconciles records to help accounting & field engineering teams manage growing capital data volumes without manual intervention.
  • The platform enables utilities to unlock accounting & tax benefits sooner by unitizing directly within existing asset & tax management systems rather than using disconnected processes.
  • Faster unitization capabilities help utilities comply with tightening regulatory timelines for moving assets to plant-in-service accounts.
  • The solution is immediately available to all PowerPlan Project & Asset Accounting customers as part of a broader AI roadmap for the full asset lifecycle.
  • A webinar titled "Accounting Innovation Update: What's New & What's Next" is scheduled for Tuesday, Sept. 15, 2026, at 2:00 PM Eastern Daylight Time.
  • PowerPlan operates as an independent subsidiary of Roper Technologies (NASDAQ: ROP).