New PUC ruling in NM — impacts on auditing

Started by Janice N. — 1 year ago — 41 views
Been auditing shopping center accounts for 6 years and never seen this before. Client's been paying $1,600/month too much every month since 2022. The demand ratchet is being applied at 100% instead of the tariff's 80%.
Be careful with ConEd's refund process — they sometimes try to limit the lookback period to 4 years.
Great work Janice N. This case illustrates why AAUBA emphasizes the audit methodology taught in our training — systematic verification catches errors that spot-checking misses.