Audit to focus on Iberdrola's operation plans

The state Public Service Commission has hired a Pennsylvania consulting firm to conduct a management audit of Iberdrola SA and its New York affiliates, including Rochester Gas & Electric Corp. and New York State Electric & Gas Corp.

The audit by Liberty Consulting Group of Quentin, Pa., will focus on RG&E and NYSEG's construction program planning and operational efficiency.

The total potential cost of the audit could be about $1.54 million, the PSC said.

Although Liberty's focus will be on construction and operating efficiency at the two Rochester-based utilities, "issues related to corporate governance, distant ownership and affiliate transactions add more complexity than is typically seen in management audits in New York," the PSC said.

(Click to read the entire article)

0 comments:


Blogger Template by Blogcrowds


Copyright 2006| Blogger Templates by GeckoandFly modified and converted to Blogger Beta by Blogcrowds.
No part of the content or the blog may be reproduced without prior written permission.