1 - Public Service Commission
1 - Public Service Commission
1 - Public Service Commission
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Audit Finding No. 4<br />
Response:<br />
AUF has no response to Audit Finding No. 4.<br />
Audit Finding No. 5<br />
Response:<br />
Although AUF agrees with the theory of Audit Finding No. 5. This could be true for any other<br />
item, including the many other deferred assets and/or liabilities. This could also be true for<br />
depreciation and amortization.<br />
The concept of a test year period is to reflect a normal operating year. If an agency andor utility<br />
begins to pick and chose certain items to include and not include as part of its analysis, then the<br />
concept of regulatory finality is threatened.<br />
There could also be many other items, either on the balance sheet, or in operating expenses that<br />
may occur post test year. Again, which items are chosen to include andor exclude would<br />
become next to impossible to keep track of.<br />
AUF does not believe that one particular items should be singled out and continued to be<br />
amortized, when there are a myriad of other items the same could be applied to.
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