in News Departments > New & Noteworthy
print the content item

An independent audit by KPMG LLP recently found that the New York Independent System Operator's (NYISO) controls were complete, accurate and in accordance with the standards established by the American Institute of Certified Public Accountants, earning the NYISO its sixth consecutive unqualified, or "clean," SAS 70 Type 2 audit opinion. The audit covers the period from Nov. 16, 2006, through Nov. 15, 2007.

"Six consistently clean audits are the result of hard work by everyone at the NYISO and our vigorous commitment to excellence in operating New York's bulk electricity grid and administering the state's competitive wholesale electricity markets," says Mark S. Lynch, the NYISO's president and CEO.

The NYISO says it submitted to the audit voluntarily in order to provide the assurance of a thorough assessment to market participants and their financial auditors that the NYISO's controls are accurately presented, suitably designed and operating effectively. The audit reviewed the controls governing the NYISO's marketplace activities, including its market information system, day-ahead and real-time scheduling, bidding and customer settlements.


Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934