A smarter grid requires more computing power to manage, and utilities say they want to focus on delivering electricity rather than building server rooms. The new rules would remove a disincentive for utilities to outsource their computing needs.
"Cloud based solutions, by definition, allow for greater flexibility in that they allow utilities to scale up and back data storage needs in a manner that on-premise solutions may not," ODowd told Utility Dive.
The new ICC rules would allow utilities to seek the most appropriate computing solutions without having to forego a rate of return when those investments are made in off-site systems. The ICC's rulemaking says it aims to level the playing field between on-premises and cloud-based computing solutions.
A previous version of the rules approved the accounting changes but required a cost breakdown from cloud providers and meant utilities would need to compare cloud computing functions to determine whether money spent was for an operating expense or a capital investment. Allowing utilities to claim 80% of cloud expenses as capital investments simplifies that process without placing onerous burdens on providers.
"The proposed revisions add clarity, will streamline administration of the proposed rule, and will further promote additional benefits to customers, harnessing the flexibility, efficiency, and scalability of cloud-based solutions," ODowd said.
The new proposed rules were published May 8 on the ICC web site.Following two rounds of comments, due May 19 and 26, the ICC can approve the new accounting treatment and send the rules to the Illinois Joint Committee on Administrative Rules for consideration. If the rules are approved, the ICC will then need to issue an order by the end of October to implement it.
There is little opposition to the new accounting approach, say experts. And the rules will likely be adopted.
The Illinois Attorney General's (AG) office previously called the proposed rules "qualitatively different and unnecessary" and argued it "would create an undue burden on third-party vendors of cloud-based solutions that would, in turn, diminish the competitiveness of any utilitys bidding process for third-party cloud-based solutions contracts."
However,those objections were filed before the latest revision to the rules, and the Illinois AG has not commented since and did not respond to Utility Dive questions.
Other states, including Alabama and New York, have taken steps to allow cloud computing expenses to be capitalized, but experts say Illinois' effort is by far the most detailed. The commission opened the rulemaking in December 2017.
ComEd says it has no immediate plans based on the proposed new rules.
"ComEd will continue to evaluate both on-premise and cloud-based solutions to ensure that the product chosen is best suited for the needs of the utility and its customers for the specific situation," ODowd said.
- Cloud Hosting Service Market Growth By Manufacturers, Type And Application, Forecast To 2026 - 3rd Watch News - July 8th, 2020
- Managed Hybrid Cloud Hosting Market Growth By Manufacturers, Type And Application, Forecast To 2026 - 3rd Watch News - July 8th, 2020
- Managed Hybrid Cloud Hosting Market: 2020 Global Industry Size, Share, Uses, Benefits, Trends, Growth Application, Key Manufacturers and 2026 Demand... - July 8th, 2020
- Y Soft announces YSoft SAFEQ Cloud, a New Family of Cloud-Based Print Services - What They Think - July 8th, 2020
- Industry VoicesRaynovich: The cloud is swallowing everything - FierceTelecom - July 8th, 2020
- Mohamed Arab Joins VPLS as VP of Cloud and Managed Services - PR Web - July 8th, 2020
- Dremio Dives Deep Below the Surface for the Industry's First Cloud Data Lake Conference - Business Wire - July 8th, 2020
- Astonishing growth in Cloud Communications Platform Market anticipates to grow at $ 4.4 billion by 2021, from 2016 to 2021, with CAGR of 26.8% with... - July 8th, 2020
- MediaOps' New 'Digital Anarchist' Streaming Video Platform Delivers Expert Content on What's Next In DevOps, Cybersecurity, Cloud Native and Digital... - July 8th, 2020
- Green House Data and Zerto Fast-Track Digital Transformation with Hybrid Cloud Resilience and Portability - MyHostNews.com - July 8th, 2020
- COVID-19 Impact On Cloud Hosting Service Providers Market Projection By Latest Technology, Global Analysis, Industry Growth, Current Trends And... - July 4th, 2020
- Sell-Side Technology Awards 2020: Best Cloud Provider to the Sell SideBT - www.waterstechnology.com - July 4th, 2020
- Global Cloud Hosting Service Market 2020 Analysis, Types, Applications, Forecast and COVID-19 Impact Analysis 2026 - Daily Research Chronicles - July 4th, 2020
- Green House Data and Zerto Fast-Track Digital Transformation with Hybrid Cloud Resilience - AiThority - July 4th, 2020
- Leaseweb's Five-Year Growth Exceeds Double the Market Average, Further Cementing Position as Top Player in International Cloud Hosting Market -... - July 4th, 2020
- THNQ fund from ROBO Global looks ahead to AI infrastructure growth - Robot Report - July 4th, 2020
- Bare Metal Cloud Market research, Industry Outlook, Current Trends and Forecast by 2025 - CueReport - July 4th, 2020
- Application Hosting Market | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2027 - Cole of Duty - July 4th, 2020
- Professional Services Automation Market Key Vendors, Analysis by Growth and Revolutionary Opportunities by 2025 - Apsters News - July 4th, 2020
- VyOS and FastNetMon Announce Integration | 2020-07-01 | Press Releases - Stockhouse - July 4th, 2020
- India bans 59 Chinese apps including TikTok and WeChat - Data Economy - July 4th, 2020
- Global Bare Metal Cloud Market with Covid-19 Effect Analysis | likewise Industry is Booming Globaly with Key Players IBM Corporation, Oracle... - July 4th, 2020
- Leaseweb's Five-Year growth Exceeds Double the Market Average, Further Cementing Position as Top Player in International Cloud Hosting Market - PR Web - June 30th, 2020
- Cloud hosting group confident on future prospects - The Business Desk - June 30th, 2020
- Connor and Scalio Announce Venture to Bring GRC and License Optimization to the Cloud - GlobeNewswire - June 30th, 2020
- What Is Cloud Computing? - World Atlas - June 30th, 2020
- Thought Machine's Vault Now Proven and Available on All Infrastructure Options: SaaS, Private or Public Cloud, Hybrid Cloud and on Premises - Business... - June 30th, 2020
- Global Application Hosting Market : Industry Analysis and forecast 2020 2027 - Morning Tick - June 30th, 2020
- Data Centers Above the Clouds: Colocation Goes to Space - Data Center Frontier - June 30th, 2020
- 'This Pandemic Has Highlighted The Importance Of Cloud System': Anand Chandra, Synechron - Express Computer - June 30th, 2020
- Southeast Asia Web Hosting Services Market 2020 Digital Learning, Growth Analysis, Industry Trends, Advanced Technologies, Services, Business Overview... - June 30th, 2020
- 4 common software maintenance models and when to use them - TechTarget - June 30th, 2020
- Applying AI and Cloud Technologies for Multivariate Control in Upstream Processes, Upcoming Webinar Hosted by Xtalks - PR Web - June 30th, 2020
- How to Host Your Own VPN with Algo and Cloud Hosting - How-To Geek - June 27th, 2020
- Web Hosting Services Market 2019 Size Overview By Industrial Application, E-Commerce Boom, Cloud Hosting, Latest Trends, New-Advancements in Internet... - June 27th, 2020
- This week in storage: Teradata in the cloud, WD Zoned SSDs and more - Blocks and Files - June 27th, 2020
- Top 10 Cloud Technology Market Exclusive insight on Transformation 2025 - Cole of Duty - June 27th, 2020
- Why you should shun unmanaged hosting and adopt managed - MOARGeek - June 27th, 2020
- E.ON selects Wipro for grid and digital transformation - Smart Energy - June 27th, 2020
- Application Hosting Market Key Players, Industry Overview, Application and Analysis to 2020-2026 - 3rd Watch News - June 27th, 2020
- Top 5 IT Certifications That Will Get You Paid in 2020 - ClearanceJobs - ClearanceJobs - June 27th, 2020
- Global personal cloud market is expected to grow with a healthy CAGR over the forecast period from 2020-2026 - Salamanca Press - June 27th, 2020
- An Introduction to Dave Antrobus, technology director of Fresh Thinking Group - Business MattersBusiness Matters - June 27th, 2020
- Uploadcare Media Pipeline for Online Business Wins at Nanjing Tech Week Competition - AsiaOne - June 27th, 2020
- JIESHUN Smart Parking and Cloud Hosting at Shenzhen Bao'an International Airport - Parking Network - June 22nd, 2020
- Cloud Computing Transforming And Revolutionising Cybersecurity In India - Inc42 Media - June 22nd, 2020
- Cloud Hosting Service Market Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities and Forecast To 2026 - Cole of Duty - June 22nd, 2020
- Global Application Hosting Market 2020 by Type, Share, Applications, Key Players, Growth, Trends and Forecast To 2026 - Cole of Duty - June 22nd, 2020
- Grading and audio post in the cloud | Industry Trends | IBC - IBC365 - June 22nd, 2020
- Serverless Architecture Market 2020 Global Trend, Segmentation and Opportunities Forecast to 2026 - Cole of Duty - June 22nd, 2020
- COVID-19 Impact and Recovery Analysis- Global Email Hosting Services Market 2020-2024 | Growing Adoption of the Bring-Your-Own-Device (BYOD) Policy to... - June 22nd, 2020
- Global Cloud Hosting Service Market Expected to Grow with a Significant Rate by 2024 Top Players : DreamHost, GoDaddy, HostGator, InMotion, Bluehost,... - June 22nd, 2020
- VPLS recognized on CRN's list of Top 500 Solutions Providers for second consecutive year - PR Web - June 22nd, 2020
- Security problems with the Employment Security Department should have been fixed last year - washingtonpolicy.org - June 22nd, 2020
- Global Cloud-based Database Market 2020 by Type, Share, Growth, Trends and Forecast To 2030 - 3rd Watch News - June 22nd, 2020
- Headliners, part I: 32 upcoming events & program deadlines in the Triangle - WRAL Tech Wire - June 22nd, 2020
- Global Network Host Service Market with Coronavirus (COVID-19) Impact Analysis | likewise Industry is Booming Globaly with Top Key Players | AT&T,... - June 22nd, 2020
- Behind the scenes of Israel's Global Data Center - Data Economy - June 22nd, 2020
- Tax small taxpayers but let the giants go? We can do better. - The Daily Star - June 22nd, 2020
- Global Data Center Outsourcing and Hybrid Infrastructure Managed Services Market Projected to Reach USD XX.XX billion by 2025- IBM, Wipro, Tata... - June 22nd, 2020
- Railway Management System Market to Eyewitness Massive Growth by 2028: Leading Key Players ABB, Alstom, Ansaldo, Bombardier Transportation, GE... - June 22nd, 2020
- All you need to know about cloud hosting - Business MattersBusiness Matters - June 9th, 2020
- Cloud Hosting Service Market 2019 Break Down by Top Companies, Countries, Applications, Challenges, Opportunities and Forecast 2026 - Cole of Duty - June 9th, 2020
- Managed Hybrid Cloud Hosting Market Set to Take Giant Positive Leap - Cole of Duty - June 9th, 2020
- Online Accounting Went Virtual on Short Notice | Online Accounting Jobs - NEC News & Events - June 9th, 2020
- Global Trade Impact of the Coronavirus on Managed Hybrid Cloud Hosting Market Reviewed in a New Study - 3rd Watch News - June 9th, 2020
- AGL announces huge shift to the Cloud - Which-50 - June 9th, 2020
- Moodle welcomes Adapt IT as a Certified Moodle Partner and strengthens presence across the Pan African market. - Moodle - June 9th, 2020
- Health Care Cloud and Hosting Market 2019 Break Down by Top Companies, Countries, Applications, Challenges, Opportunities and Forecast 2026 - Cole of... - June 9th, 2020
- UK signs cloud discount deal with Google to boost innovation - www.computing.co.uk - June 9th, 2020
- Data Breach Notification Software Market 2019 Break Down by Top Companies, Countries, Applications, Challenges, Opportunities and Forecast 2026 - Cole... - June 9th, 2020
- Triangle headliners: Previewing 71 local events & program deadlines this month - WRAL Tech Wire - June 9th, 2020
- Sysdig Continues International Expansion with New Data Center Options in the US and Europe - Business Wire - June 9th, 2020
- Heating Coil For Heat Treatment Market 2019 Break Down by Top Companies, Countries, Applications, Challenges, Opportunities and Forecast 2026 - Cole... - June 9th, 2020
- 3 Buffett Stocks That Are Trouncing Berkshire Hathaway So Far This Year - The Motley Fool - May 31st, 2020
- Health Care Cloud and Hosting Market 2020 | by Manufacturers | by Countries | by Types and by Applications | by Forecasts to 2026 - 3rd Watch News - May 31st, 2020
- Global Cloud Based Database Market Slated to Bring in US$ XX Billion by End of 2026 - 3rd Watch News - May 31st, 2020
- Cloud Hosting Service Market Research Report 2020: Key Players, Applications, Drivers, Trends and Forecast to 2026 - News Distinct - May 30th, 2020
- Are We Overthinking Application Lifecycle Automation? - No Jitter - May 30th, 2020
- Wharfedale Offers No Upfront Costs and 180 days of Deferred Payment - AiThority - May 30th, 2020