Maine § 35-A §505 Audit of accounts

Maine Statutes

§ 35-A §505 — Audit of accounts

Maine·Title 35-A PUBLIC UTILITIES·Part 1 PUBLIC UTILITIES COMMISSION·Ch. 5 ACCOUNTING

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.

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