Assemblymember Bloom: Better Accounting Practices Needed at CPUC

Wednesday, March 20, 2013

(Sacramento) -- Assemblymember Richard Bloom (D-Santa Monica), Chair of Budget Subcommittee #3 on Resources and Transportation, conducted a special informational hearing on the California Public Utilities Commission because a recent Department of Finance audit showed there was more than a million dollars in discrepancies in seven separate funds controlled by the CPUC. Assemblymember Bloom says much of the money came from ratepayers and the CPUC's poor accounting practices means millions of dollars are unaccounted for.