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Hibbing utility auditors issue clean opinion as commission reviews finances and long-term capital plan
Summary
ABDO LLP gave Hibbing Public Utilities an unmodified 2025 audit opinion and no internal-control findings while consultants warned the combined utility’s rate of return has fallen toward zero; commissioners adopted a 2026–2030 capital improvement plan to prioritize lead-and-copper compliance and coordinated city projects.
A certified public accounting firm told the Hibbing Public Utilities Commission on April 28 that the utility’s 2025 financial statements received an unmodified (clean) audit opinion and auditors disclosed no material internal-control deficiencies.
Bonnie Schweiger of ABDO LLP summarized the audit and said staff provided the evidence needed for the review and that compliance checks required by Minnesota statutes produced no findings. “We did not find any internal control matters to disclose,” Schweiger said.
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