Resolution of Repeat Audit Issues. During the DOE Audit Staff (Audit) review of PAC’s financial information relative to this rate proceeding, it made certain audit findings contained in its Final Audit Report dated January 19, 2021, to which PAC expressed disagreement. In an effort to resolve these audit disputes between PAC and the DOE, and for purposes of achieving administrative efficiency in future rate proceedings, the Settling Parties present for the Commission’s approval the following proposed resolutions of the outstanding audit issues cited by Audit in its report.
Resolution of Repeat Audit Issues. During the Commission Audit Staff’s review of PWW’s financial information relative to this rate proceeding, it made several audit findings contained in its Final Audit Report dated November 6, 2019 to which the Company expressed disagreement. Certain of these findings have been cited by the Audit Staff in previous examinations of the Company, but because there was no specific resolution for such within the context of an approved rate case settlement, these issues continue to be areas of dispute between the Audit Staff and PWW. Therefore, in an effort to resolve both existing or potential long-standing audit disputes between the Company and Staff, and for purposes of achieving administrative efficiency in future rate proceedings, the Settling Parties present for the Commission’s approval the following proposed resolutions of certain outstanding audit issues cited by the Audit Staff in its report.
