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.
Beyond the efficiency gains, Intelligent Unitization delivers scalable benefits across a utility's capital program. The solution applies AI to automatically classify and reconcile records, so that accounting and field engineering teams no longer need to manually cross-reference growing volumes of capital data even as capital investment accelerates. It also helps unlock accounting and tax benefits sooner by unitizing directly within the platform utilities already use for asset and tax management instead of leaving it stalled in a disconnected process. Plus, as regulators tighten timelines for moving assets to plant-in-service accounts, faster unitization helps utilities stay ahead of that bar.
PowerPlan Intelligent Unitization is available immediately to all PowerPlan Project and Asset Accounting customers. It's the next innovation delivered as part of a broader PowerPlan AI roadmap designed to support the full asset lifecycle.
For more information about PowerPlan Intelligent Unitization:
- Join the webinar: Accounting Innovation Update: What’s New and What’s Next, Tuesday, Sept. 15, 2026, 2:00 PM Eastern Daylight Time
- Watch the video
- Visit the website
About PowerPlan
For more than 30 years, PowerPlan has helped asset-intensive companies, from utilities and energy to telecommunications and rail, understand, unlock, and realize the full financial power of their assets. Through our industry-leading expertise, AI-powered technology, and vast experience listening to and working in tandem with our clients, PowerPlan software sets the standard that CFOs can count on for financial clarity. PowerPlan operates as an independent subsidiary of Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500, and Fortune 500. For more information, visit www.powerplan.com.
MEDIA CONTACT:
Connie Phillips
Sr. Manager, Marketing Communications, PowerPlan
pr@powerplan.com
678-223-2800
A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/f96400b6-fabb-42b0-a1a2-000d1789ce36.
