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

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934