Water Division Affiliate Transaction Rules
Short paragraph explaining what Affiliate Transaction Rule VIII.E is as an introduction to the page run sit, eat understand write wind room roof bird forest talk, tree. Plate paper break apple rest think star lie, know house watch high plate sugar weather, big wall break sugar paper stone run, write grass.
Decision 11-10-034, Appendix A, Rule VIII, Section E states:
“Independent Audits. Commencing in 2013, and biennially thereafter, the utility shall have an audit performed by independent auditors if the sum of all unregulated affiliates’ revenue during the last two calendar years exceeds 5% of the total revenue of the utility and all of its affiliates during that period. The audits shall cover the last two calendar years which end on December 31, and shall verify that the utility is in compliance with these Rules. The utility shall submit the audit report to the Director of the Division of Water and Audits and the Director of the Division of Ratepayer Advocates no later than September 30 of the year in which the audit is performed. The Division of Water and Audits shall post the audit reports on the Commission’s web site. The audits shall be at shareholder expense.”
Affiliate Transaction Rule VIII.E Documents
Independent audit reports and letters of exemption in compliance with Affiliate Transaction Rule VIII.E submitted biennially by Class A and Class B utilities. Audit reports cover the last two years ending on December 31. Letters of exemption are submitted instead of an audit report if the utility does not meet the requirement stated in Affiliate Transaction Rule VIII.E.