Office of the City Auditor

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Issued: February 2004

SUMMARY

The auditors found that Austin Energy has a system in place that provides reasonable assurance that payments to and from ERCOT are correct. Furthermore, work indicated that AE has developed appropriate controls for reviewing and analyzing ERCOT billing statements, and that AE successfully used those controls to accurately track expenses and revenues related to ERCOT activities. The auditors made two recommendations to provide additional assurance to City Council regarding transactions with ERCOT. Management concurred with both recommendations.

Click here to go to our audit request form to request a hard copy of this report (Report No. AU03312) or download the entire text of the ERCOT Billing and Settlement System audit report (Size: 472 KB) in Adobe Acrobat. You will need Adobe's Acrobat Reader to view these files.

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