Investigation and Audit. Contractor hereby agrees to cooperate fully with any investigation, audit, or inquiry conducted by Con Xxxxxx or O&R or any federal, state or local government agency or authority relating to any aspect of this Contract or the Work, and the Contractor shall make all of its books, records, and accounts available for inspection and audit in connection therewith. Moreover, in the event the Contract now provides or in the future is revised to provide that the Work or any part thereof shall be done on a cost-reimbursable basis (whether or not a fee has, in addition, been fixed by the parties), T&M basis or similar basis, or if payment on such basis is to be made under Article 32 (Suspension), or Article 33 (Termination for Convenience) of these Standard Terms and Conditions), Contractor shall maintain, and in the event there are subcontracts on any of such bases shall cause the Subcontractor(s) to maintain, detailed books, records and accounts covering costs incurred in connection with such Work or, as applicable, time spent and materials used. Contractor shall make or cause to be made said books, records and accounts available for inspection and audit by Con Edison, O&R, the investigating governmental agency or authority and their respective authorized representatives during the term of this Contract and for a period of six
Investigation and Audit. Contractor hereby agrees to cooperate fully with any investigation, audit, or inquiry conducted by Con Xxxxxx or O&R or any federal, state or local government agency or authority relating to any aspect of the Contract or the services furnished under the Contract, and the Contractor shall make all of its books, records, and accounts relating to the Contract, available for inspection and audit in connection therewith. Moreover, in the event the Contract now provides or in the future is revised to provide for performance, or any part thereof, on a cost-reimbursable basis (whether or not a fee has, in addition, been fixed by the parties), time-and-materials basis or similar basis, or if payment on such basis is to be made under Article 9 (Suspension) or Article 22 (Termination for Convenience) of these Standard Terms and Conditions, the Contractor shall maintain detailed books, records and accounts covering costs incurred or, as applicable, time and materials used in connection therewith, and shall make said books, records and accounts available for inspection and audit by Con Edison, O&R, the investigating governmental agency or authority (and their respective authorized representatives during the term of the Contract and for a period of six (6) years after final payment under the Contract. If an investigation, audit, or inquiry discloses that Con Xxxxxx has paid the Contractor for any costs which were not in fact incurred or for any time spent or materials used which were not in fact spent or used, or for any other costs that were improperly charged, the Contractor shall refund to Con Edison an amount equal to such payment.
Investigation and Audit. After a small utility rate case is opened, the staff shall, and the public counsel may, conduct an investigation of the utility’s request.
(A) This investigation may include a review of any and all information and materials related to the utility’s cost of providing service and its operating revenues, the design of the utility’s rates, the utility’s service charges or fees, all provisions of the utility’s tariffs, and any operational or customer service issues that are discovered during the investigation.
(B) The investigation may include the records generated since the previous rate case, the case in which the utility was granted its Certificate of Convenience and Necessity, or the utility’s transfer of assets case, whichever is most recent. The investigation shall include an update of the utility’s rate base.
(C) In determining the utility’s cost of service, the value of normal expense items and plant-in-service and other rate base items, for which adequate documentary support is not available, may be based upon such evidence as is available or may be estimated in order to include reasonable levels of those costs. Unusual expense or rate base items or expense or rate base items for which the utility claims unusual levels of cost may require additional support by the utility. Nothing in this section diminishes the utility’s obligation to adhere to the Commission’s rules regarding appropriate record-keeping.
(D) Not later than ninety (90) days after a small utility rate case is opened, the staff shall provide a report of its preliminary investigation, audit or analysis to all parties. The public counsel, if conducting its own investigation, shall do the same. This report shall include:
1. An evaluation of the utility’s record-keeping practices.
2. An itemized list of unusual cost of service items for which additional support was required.
Investigation and Audit. Service Provider shall conduct an investigation of the disaster or catastrophic failure and shall share the report of the investigation with County. At its sole expense, Service Provider will have an independent, industry-recognized, County-approved third party perform an information security audit. Within five (5) business days of Service Provider’s receipt of the final report, Service Provider will provide the County with a copy of the report and a written remediation plan.
