State audit rips California utilities commission for fund errors (Sacramento Bee)

EXCERPT:

January 17, 2013 – In a scathing new review of the California Public Utilities Commission, the Department of Finance found widespread budget errors and inaccurate fiscal predictions of various fees that state consumers pay each month. In June 2011, the utilities commission mistakenly told state lawmakers and the Department of Finance that $422 million existed that was not actually available in seven fee-supported funds, according to the report. Finance auditors believe that inexperience and understaffing were to blame, observing “general confusion and lack of knowledge” within the PUC budget office.

Link to Full Article: http://www.sacbee.com/2013/01/17/5120339/state-audit-rips-california-utilities.html

 

 

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