Kentucky Statutes 278.2211 – Remedies for noncompliance utility and affiliate — Access to records — Disallowance of costs — Audit
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(1) If the commission finds that a utility has not complied with any provision of this chapter for any transaction between a utility and its affiliate, or if a utility has failed to provide sufficient evidence of its compliance, then the commission may:
(a) Access the books and records of a utility’s nonregulated affiliate; and
(b) Order that the costs attached to any transactions be disallowed from rates.
(2) If, after inspecting an affiliate’s books and records, the commission finds that a utility has not complied with any provision of KRS § 278.010 to KRS § 278.450, the commission may perform a financial audit of the utility’s affiliate to the extent necessary to ensure compliance with KRS § 278.010 to KRS § 278.450.
Effective: July 14, 2000
History: Created 2000 Ky. Acts ch. 511, sec. 7, effective July 14, 2000.
(a) Access the books and records of a utility’s nonregulated affiliate; and
Terms Used In Kentucky Statutes 278.2211
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
(b) Order that the costs attached to any transactions be disallowed from rates.
(2) If, after inspecting an affiliate’s books and records, the commission finds that a utility has not complied with any provision of KRS § 278.010 to KRS § 278.450, the commission may perform a financial audit of the utility’s affiliate to the extent necessary to ensure compliance with KRS § 278.010 to KRS § 278.450.
Effective: July 14, 2000
History: Created 2000 Ky. Acts ch. 511, sec. 7, effective July 14, 2000.