Maine § 35-A §505 Audit of accounts

Maine Statutes

§ 35-A §505 — Audit of accounts

Maine § 35-A §505

Title 35-APUBLIC UTILITIES

Part 1PUBLIC UTILITIES COMMISSION

Ch. 5ACCOUNTING

This text of Maine § 35-A §505 (Audit of accounts) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 35-A, § 35-A §505 (2026).

Text

The commission shall provide for the examination and audit of all accounts and all items must be allocated to the accounts in the manner prescribed by the commission.

1.Consumer-owned water utilities. Except as provided in this subsection, the commission may not require under this section that a qualified small water utility cause to be conducted an annual audit of its accounts. For purposes of this subsection, "qualified small water utility" means a consumer-owned water utility with gross annual revenues of less than $500,000.

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The commission shall provide for the examination and audit of all accounts and all items must be allocated to the accounts in the manner prescribed by the commission.
1.
Consumer-owned water utilities.
Except as provided in this subsection, the commission may not require under this section that a qualified small water utility cause to be conducted an annual audit of its accounts. For purposes of this subsection, "qualified small water utility" means a consumer-owned water utility with gross annual revenues of less than $500,000.