the power of deloitte an overview of the deloitte's power ... · top issues facing the power...
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The Power of Deloitte An overview of the Deloitte's Power & Utilities practice
Our practice by the numbers
We are a global network of more than 245,000 people in more than 150 countries throughout the world, with 94,000 practitioners in the United States
Deloitte provides 89% of the Fortune 1000 power and utility companies with risk and financial advisory services
Deloitte audits 56% of the Fortune 1000 power and utility companies
Deloitte provides 84% of the Fortune 1000 power and utility companies with tax services
Deloitte provides 84% of the Fortune 1000 power and utility companies with consulting services
Deloitte serves 96% of the
Fortune 1000 power and utility
companies
89%
84%
56%
84%
Risk and Financial Advisory (RFA)
Deloitte RFA helps clients manage strategic, financial, operational, technological, and regulatory risk to maximize enterprise value, while our experience in mergers and acquisitions, fraud, litigation, and reorganizations helps clients move forward with confidence.
Audit
Deloitte provides power and utilities companies with external audits and reviews of financial statements and reporting on internal controls, as well as other certifications and attest services.
Consulting
Deloitte Consulting’s in-depth global experience serves as an integral resource for a significant proportion of the world’s energy companies, providing broad capabilities and services spanning multiple areas, including human capital, strategy and operations, and technology integration.
Tax
Deloitte’s Tax practice is a leading tax advisor in the US and internationally, made up of field-experienced industry practitioners, with a deep bench of technical specialists who understand power and utility and renewable energy issues.
Top issues facing the power and utilities sectorChallenges, opportunities, and sample offerings
Deloitte core services
Regulatory, technology, changing customer preferences, new entrants and an aging workforce are demanding strategy changes
Strategic Risk Management
• Spotting trends and disruptors • Testing underlying strategic decisions • Ongoing insights on strategic risks • Building an agile risk organization • Workforce of the future • Workforce transformation
Want to learn more about the full breadth of Deloitte's Power & Utilities capabilities? Connect with us [email protected]
Power and utility companies are being disrupted by digitalization
Digital Utility Transformation
• Smart meters and smart grid • Microgrid coordination • Predictive maintenance • Digital health, safety, and environment • Logistics • Robotics process automation • Control design, testing, and governance
Aging, siloed, static systems are not capable of keeping up with marketplace changes
Digital Core Transformation
• Enterprise Resource Planning (ERP) transformation (SAP S4 HANA and Oracle)
• Treasury and other finance applications • Cloud solutions • Application management services • Cyber risk as applied to systems controls • Assurance for pre/post implementation
Electricity customers are demanding to be heard
Customer Experience
• Customer strategy and applied design • Commercial excellence & experience • Advertising and marketing
Digitization is causing utilities to store more client data, making them prime targets for cyber attacks
Cyber Risk Services
• Strategy, defense, and response • Data • Application security • Infrastructure • Identity • Industrial control systems (ICS) and
operational technology (OT)
Investors and stakeholders need financial statement audits to make informed decisions and invest with confidence
Audit and Assurance Services
• Independent financial statement andinternal controls audits
• Accounting and reporting advisoryservices
• Internal audit services • Assurance services
Demand for improved technology, analytics, customer experiences, and renewables are distrupting the industry
Merger and Acquisitions Transaction Support Services
• M&A Strategy • Transaction readiness • Due diligence • Integration • Divestiture • Post-close transition
Decarbonization is disrupting the marketplace as an additional source within the energy mix
Renewables
• Analytics • Government regulation • Innovation/Business model
transformation • M&A • Operational & financial risk • Quality & reliability
Changing accounting and regulatory environment is presenting new risks to the organization
Financial & Risk Advisory Services
• Regulatory and operational risk • Financial risk, transactions, and
restructuring • Forensic • Rate case support • FERC/other regulatory filing support
Tax regulatory environment is causing uncertainty within the industry
Tax Services
• Tax compliance • Tax reporting on ratemaking • Tax structuring • International tax • Tax advisory services
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee(“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separateand independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the UnitedStates, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the“Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clientsunder the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about ourglobal network of member firms.
Copyright © 2019 Deloitte Development LLC. All rights reserved.
Let's talk
Scott SmithVice Chairman,
US Power & Utilities (P&U) LeaderPartner
Deloitte LLP+1 619 237 6989
Bill GrafUS Audit P&U Leader
Partner Deloitte & Touche LLP
+1 312 486 [email protected]
Ben JonesUS Consulting P&U Leader
Principal Deloitte Consulting LLP
+ 1 404 631 [email protected]
Marlene MotykaUS and Global Renewable Energy Leader
PrincipalDeloitte Transactions and
Business Analytics LLP+1 973 602 5691
Katie PavlovskyUS Energy, Resources & Industrials
Advisory LeaderPrincipal
Deloitte Risk & Financial Advisory LLP +1 713 982 4358
Dave YankeeUS Tax P&U Leader
Partner Deloitte Tax LLP+1 312 486 9842
Our insights Deloitte regularly publishes research and analysis that presents a unique point of view in the power and utilities sector. See our latest insights and register for upcoming events at www.deloitte.com/us/powerandutilities.