Mar 25, 2026Board meeting
Audit and Ethics Committee Meeting
The committee reviewed internal audit reports, including assessments of environmental safety and transmission and distribution operations. Key discussions included a presentation on the Controls and Compliance Integrity Line, an update on enterprise risk management, and the review and approval of a revised internal audit plan for fiscal year 2026, which incorporates a new storm expenditure audit due to recent severe weather events. Additionally, the committee considered and made a recommendation for the selection of Baker Tilly to provide outsourced internal audit and consulting services for a new five-year contract. Various internal audit follow-up and remediation items from previous audit findings were also addressed.