A state audit of Orange County's fledgling clean power agency released Tuesday morning found a lack of transparency in marketing and financial services contracts.
If you're enjoying this article, you'll love my daily morning newsletter, How To LA. Every weekday, you'll get fresh, community-driven stories that catch you up with our independent local news.A state audit of Orange County's fledgling clean power agency released Tuesday morning found a lack of transparency in marketing and financial services contracts. It also called into question the agency's financial health.
The power agency"demonstrated a pattern" of noncompetitive contracting, including splitting contracts to avoid triggering the need for approval from the board of directors.High customer opt-out rates could significantly impact the agency's bottom line. Although the OCPA's chief financial officer noted in the audit that the agency can sell off power and buy less in the future to compensate for overestimated demand.
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