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New AI Solution Helps Utilities Address More Than $180B in Capital Accounting Backlog
PowerPlan Intelligent Unitization automates asset classification, reducing audit and regulatory exposure while accelerating tax benefits
Intelligent Unitization is the first AI-powered solution built specifically to support both ongoing unitization and backlog reduction, a growing challenge for energy companies as they increase capital investments to meet today’s unprecedented demands.
ATLANTA, Sept. 10, 2026 (GLOBE NEWSWIRE) — PowerPlan, a leading provider of financial software solutions for asset-intensive companies, today announced Intelligent Unitization, the latest addition to a growing portfolio of asset intelligence offerings. Intelligent Unitization is the first AI-powered solution built specifically to support ongoing unitization and backlog reduction, a growing challenge for energy companies as they increase capital investments to meet today’s unprecedented demands.
Unitization is the process of converting capital project costs into individual asset records once a project goes into service. As capital investments accelerate, the backlog grows: across the electric utility industry, non-unitized plant balances have increased roughly 10x over the last 30 years, totaling more than $180B, according to PowerPlan’s analysis of FERC Form 1 filings.
“Intelligent Unitization represents a breakthrough in how our customers manage capital,” said Raphael Shure, CEO of PowerPlan. “This isn’t generic AI. It’s purpose-built on more than 30 years of utility asset accounting expertise and trained on the real-world accounting requirements our customers live with every day. That foundation enables it to make an immediate impact for customers and scale efficiently in the future with a fraction of the manual effort previously required.”
“Unitization has been a challenge for utility accounting teams for decades, and it’s only getting harder as capital investment accelerates,” said Jim Dahlby, Chief Customer Officer at PowerPlan. “By working directly with our customers, we were able to bring this breakthrough AI product to market in partnership with them. We look forward to continuing that collaboration as customers use Intelligent Unitization to work down their backlog.”
One of PowerPlan’s customers and development partners used Intelligent Unitization to automatically reconcile a major capital project’s asset records in minutes, replacing a process that previously required days of manual cross-referencing. The result was a fully traceable audit trail and more time for the accounting team to focus on higher-value work.
