CPUC

Government & Politics
5:40 pm
Fri January 18, 2013

New Audit Reveals California PUC Misrepresented Funds

California’s Public Utilities Commission has a math problem: Its budget staff has been misreporting the balance in special funds the agency manages.  That’s the finding of a new state audit that blamed the mistakes on “general confusion and lack of knowledge.”  

The Public Utilities Commission manages 14 special funds that use monthly fees from consumers to pay for special programs like the Universal Lifeline telephone service for low-income Californians.   It turns out that in 2011, agency staff miscalculated how much those funds held.

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