I.C. The FAM Audit Scope The FAM audit is provided for in the FAM Plan of Administration. Specifically, the FAM POA states: The amounts charged through the FAM shall be subject to periodic audit to assure completeness and accuracy and to a...
AI summary The FAM audit scope is outlined in the FAM Plan of Administration, emphasizing periodic audits to ensure the completeness, accuracy, and prudence of fuel and purchased power costs. The prudence standard is defined using guidance from the Illinois Commerce Commission, and the audit will be conducted by a qualified independent firm. The audit also covers mercury diversion programs and revenue from power exports and natural gas resale.
We sampled several of NSPI's import transactions during the Audit Period. Our goal was twofold. First, we wanted to determine if NSPI's marketers were entering into import transactions that were expected to be beneficial to its customers....
AI summary The audit examined NSPI's import transactions during the Audit Period, assessing whether these transactions were prudent and beneficial to customers. The analysis considered both the prudence of marketers at the time of the transaction and the efficacy of NSPI's overall import approach, including the impact of transmission losses and reliability considerations.
Figure XII-19: NSPI's Power Exports, by Listed Counterparty 708 2025 Counterparty Number of Transactions Transaction Volume Weighted Average Price (USD/MWh) As with imports, we sampled several of NSPI's export transactions during the Audit...
AI summary The audit examined NSPI's export transactions to determine if they were beneficial to customers, focusing on the prudence of marketers and the efficacy of NSPI's export process, including estimation and risk management of price movements.