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The review better if the new PUCO, down the road, “purchase clear study record and you can maintenance conditions” whenever giving power fees that would be subject to future audits. In addition, it better if the fresh “currency pond” such as for example fees is actually paid down towards is undergo an audit about the five years because of the one another an internal and you can additional auditor.

However in statements submitted on PUCO on e day as the latest OCC registered the comments, FirstEnergy said “you will find over adequate assistance to summarize that the People complied toward Commission’s directive . to use Driver DMR funds, really or indirectly, meant for grid modernization.”

FirstEnergy mentioned it’s working to apply Daymark audit’s a couple of suggestions — auditing the site here newest “money pool” at the least most of the 5 years and you may carrying out a noted separated rules — calling her or him “constructive information.”

not, FirstEnergy stated your grid-modernization commission “are never meant to render dollars to the People to make use of really having certain methods.” Rather, FirstEnergy went on, the reason for the fee “would be to render increased access to the capital segments” so the organizations tools you are going to funds its grid adaptation initiative.

“There was a basic difference between investing in grid adaptation tactics and having borrowing service to get into financial support to cover such as for example programs,” FirstEnergy said. (more…)