XBRL Tagging for FERC vs. the SEC: What’s the Difference?

Energy companies will soon start reporting quarterly and annual financial and operational data in XBRL® format to the Federal Energy Regulatory Commission (FERC). The XBRL format isn’t new for public companies that have been submitting reports with XBRL tags to the Securities and Exchange Commission for years, but the taxonomy for tagging FERC forms will be different. In this paper, authors Percy Hung and Peter Larison help practitioners learn more about the differences as they look for XBRL software to meet FERC requirements.