Performance audit of PUC approved today

Jul 11th, 2011

The Legislative Audit Committee today approved a full performance audit of the state’s Public Utility Commission, to be conducted by the State Auditor’s office.

The audit was initially requested by Republican Sens. Scott Renfroe of Greeley, and Steve King, of Grand Junction.  King says recent actions of the PUC triggered the request.

“The P.U.C. should be acting as a guardian of public interest to ensure Colorado consumers receive high quality and reasonably priced services,” said  King. “Questions have risen in the legislature, public and media about some of their recent actions and these issues must be addressed.”

The audit will zero in on the following two questions:

1. Has the P.U.C. established and implemented adequate policies and procedures to ensure the PUC Commissioners’ regulatory and decision-making activities are transparent and comply with state laws, regulations, and governance standards?

2. Does the P.U.C. have adequate processes and controls in place to ensure P.U.C. Commissioners’ expenditures are reasonable, appropriate, for allowable purposes, and in the best interests of the state?

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