Public Utilities Commission Approves Independent Auditor for Clean Energy Plan Review

Strategic Insights -

The Colorado Public Utilities Commission has issued a decision, effective May 7, 2025, granting a motion to approve the selection of an independent auditor, Anthony Caletka and the PwC team, to review developers' requested cost escalations under the Clean Energy Plan. The decision is in response to Public Service Company of Colorado's request for approval of its 2021 Electric Resource Plan and Clean Energy Plan.

The Commission's decision grants the Company's motion, as it was unopposed, and approves the proposed independent auditor and scope of work. The scope of work includes two primary deliverables: an Executive Summary Independent Assessment Report and an Independent Assessment Report. The Commission also approves the Company's proposal to recover costs associated with the independent auditor through the Electric Commodity Adjustment (ECA).

Key Takeaways:

  • The Commission has approved the selection of Anthony Caletka and the PwC team as the independent auditor to review developers' requested cost escalations under the Clean Energy Plan.
  • The independent auditor will provide an Executive Summary Independent Assessment Report and an Independent Assessment Report to Public Service Company of Colorado.
  • The Commission has also approved the Company's proposal to recover costs associated with the independent auditor through the Electric Commodity Adjustment (ECA).
  • The decision aims to help effectuate the Step 2 price-relief process set forth in Decision No. C25-0024.
  • Public Service Company of Colorado's proposed independent auditor, Anthony Caletka, has decades of experience in engineering, risk assessment, and contracting in the energy sector.

Statistics:

  • The independent auditor, Anthony Caletka and the PwC team, will review developers' requested cost escalations under the Clean Energy Plan.
  • The scope of work for the independent auditor includes two primary deliverables: an Executive Summary Independent Assessment Report and an Independent Assessment Report.
  • The Commission has approved the Company's proposal to recover costs associated with the independent auditor through the Electric Commodity Adjustment (ECA).
  • The ECA will recover actual costs incurred by the independent auditor in the quarterly ECAs for actual costs incurred.

Sources:

  • Decision No. C25-0364-I - Public Utilities Commission of the State of Colorado
  • Decision No. C25-0024 - Public Utilities Commission of the State of Colorado
  • Price Waterhouse Cooper (PwC) website, as mentioned in the Motion.