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PUC auditors issue clean opinions; commissioners focus on budget priorities and power revenue bonds
Summary
KPMG presented unmodified (clean) 2013 audit opinions for the PUC enterprises; commissioners and staff discussed budget priorities, a near‑$1 billion capital plan, planned power revenue bond issuances and detailed SSIP early-implementation projects and outreach.
An independent audit presented by KPMG on Dec. 10 reported clean, unmodified opinions for the San Francisco Public Utilities Commission’s enterprises and no deficiencies under government auditing standards.
Jamie Cabin, a senior manager at KPMG, summarized the 2013 audit and told commissioners the auditors issued unmodified opinions for all three enterprises and reported no instances of noncompliance. "We did issue an unmodified or clean opinion for all 3 enterprises," Cabin said, and she described the…
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