Financial Reporting, Access to Books, and Records and Auditing

23.	What entities, if any, does your Commission require to provide financial reports?
	(Check one.)
	1.		The utility
	2.		The utility and the holding company
	3.		The utility, holding company, and affiliates
	4.		Other (please specify below)
	5.		Commission does not require financial reports (Click here to skip to question 27.)

24.	(If your commission requires financial reports.) How often does your commission require financial reports?
	(Check one.)
	1.		At least monthly
	2.		At least quarterly
	3.		At least semiannually
	4.		At least annually
	5.		Other (please specify below)

	With what other frequency does your agency require financial reports?

25.	What type of financial reporting does your Commission require for utility transactions involving affiliates?
	(Check one.)
	1.		Report of all transactions (purchases or sales of goods or services) involving affiliated companies as they occur.
	2.		Report of all transactions (purchases or sales of goods or services) involving affiliated companies at least annually.
	3.		Report of large transactions (purchases or sales of goods or services that exceed a certain financial threshold) involving affiliated companies at least annually.
	4.		Report of selected transactions (purchases or sales of certain types of goods or services) involving affiliated companies at least annually.
	5.		Report of total dollars spent by each affiliate.
	6.		Report of affiliate transactions not required.
	7.		Other (Please specify below)

	What other reporting requirement do you have for utility transactions involving affiliates?

26.	Excluding the information, if any, provided to the commission through financial reporting by the utilities, does your commission have access to any books and records that document costs and other relevant information for each of the following?
	(Check one for each.)

		Yes, have access to books and records	No, do not have access to books and records
	a. The utility overseen by the commission
	b. The utility holding company
	c. A utility affiliated through ownership or otherwise
	d. An affiliated non-utility company
	e. Other (please specify below)

	For what other entities do you have cost relevant cost information?

27.	(If you answered yes to any of the above) Which of the following best describes the commission's authority regarding access to the books and records of parent, or holding, companies of regulated utilities?
	(Check one.)
	1.		The commission has authority to access all of the books and records of the parent or holding company of the regulated utility
	2.		The commission has broad authority to access the books and records of the parent or holding company of the regulated utility for matters related to ratemaking
	3.		The commission authority provides only limited access to the books and records of the parent, or holding, company such as for matters that have a "material effect" on regulated rates
	4.		The commission has no authority to access to the books and records of the holding company under state authority

28.	(If you answered yes to any of the above) Which of the following best describes the commission's authority regarding access to the books and records of companies affiliated with the regulated utility either wholly or partly owned by the parent company?
	(Check one.)
	1.		The commission has authority to access all of the books and records of the affiliated company of the regulated utility
	2.		The commission has broad authority to access the books and records of the affiliated company of the regulated utility for matters related to ratemaking
	3.		The commission authority provides only limited access to the books and records of the affiliated company, such as access for matters that have a "material effect" on regulated rates
	4.		The commission has no access to the books and records of the holding company under state authority

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Full Report: GAO-08-289

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