Potential of management audits

Journal Article · Thu Mar 25 04:00:00 EST 1976 · Public Util. Fortn.; (United States)

OSTI ID:7365586

Kaffer, W J

Management and operations audits in the future will be required more often due to regulatory commissions being faced with mounting public pressures at rate hearings. Connecticut has passed a law stipulating that every regulated utility must have a management audit every three years. North Carolina now requires one every five years. Some utilities resent the procedure, but this article points out that if an audit is treated constructively, it can provide positive benefits for a utility. The report prepared by the audit firm will consist of an assessment of the utility's operation, isolation of specific cost reduction opportunities with estimates of the savings (or improvements) resulting, and recommendations for exploiting those opportunities. Initially, the audit team will request cost, manpower, and other such data for major functions. Materials, supplies, work force management, fuels management, and the planning function are areas examined by the audit team. (MCW)

• Research Organization: Theodore Barry and Associates, Los Angeles
• OSTI ID: 7365586
• Journal Information: Public Util. Fortn.; (United States), Journal Name: Public Util. Fortn.; (United States) Vol. 97:7; ISSN PUFNA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
293000* -- Energy Planning & Policy-- Policy
Legislation
& Regulation
296000 -- Energy Planning & Policy-- Electric Power
ACCOUNTING
CAPITAL
CHARGES
COMPARATIVE EVALUATIONS
COST
DATA
EFFICIENCY
FINANCIAL DATA
INFORMATION
INVENTORIES
MANAGEMENT
OPERATION
PERSONNEL
PLANNING
PUBLIC UTILITIES
REGULATIONS