An Act amending Title 66 (Public Utilities) of the Pennsylvania Consolidated Statutes, in powers and duties, further providing for audits of certain utilities.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill amends Pennsylvania law to require more frequent and comprehensive audits of certain utilities, including electric, gas, telephone, and water companies. Utilities with assets of at least $10 million will be subject to audits that assess management effectiveness, operating efficiency, and compliance with regulations. The bill also establishes a process for management efficiency investigations and mandates the use of independent auditing firms for these audits.
Key provisions
- Utilities with assets of $10 million or more must undergo comprehensive audits.
- Audits must occur at least every three years and assess management performance, operating efficiency, and compliance.
- A management efficiency investigator will periodically examine utility operations.
- Independent auditing firms must perform audits.
- Audit findings must be made public and provided to relevant state offices.
- The commission will direct the management efficiency investigator and may utilize qualified auditors.
- Contracts with auditing firms must cover all audit-related expenses and testimony costs.
- The commission will oversee the work of the independent auditing firms.
Who is affected
- Electric Utilities
- Gas Utilities
- Telephone Utilities
- Water Utilities
- Pennsylvania Residents (through regulation of utilities)
Notable changes
Bill text
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Document of record
- Version
- Pn 3719 Html
- Published
- Not published in the source record
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Sponsors
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4 on record
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Cosponsors
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