Independent Auditor Issued a Clean Audit Opinion on Material Accuracy of Orange County Power Authority’s Financial Statements and Identified No Material Weakness in Internal Control

In a recent audit of the Orange County Power Authority’s (OCPA) financial statements, Pisenti and Brinker, LLP – an accounting firm with deep expertise and experience in Community Choice Aggregation (CCA) audits – reported that OCPA’s financial statements are fairly, materially, and appropriately presented with no recommendations for changes needed.

OCPA is operating appropriately and transparently as shown in the audit findings.

OCPA identified the following key highlights from the independent auditor’s report:

• The audit was conducted in compliance with generally accepted auditing standards (GAAS)
• OCPA’s financial statements are in compliance with generally accepted accounting principles (GAAP)
• There are no recommendations for changes to the financials, as presented by staff
• OCPA is financially strong, as demonstrated by the financial statements and validated by the Independent Auditor’s report
• OCPA is operating appropriately and transparently as discussed in the Required Board Communications conclusion

As an independent not-for-profit community choice energy provider, OCPA’s experienced management team is fulfilling the mission of OCPA to provide cleaner, renewable electricity choices at stable rates, and invest in innovative programs that benefit residents, businesses, the environment and the economy in our communities. 

The audit is the second independent audit of OCPA’s financial statements. The first was completed on December 21, 2021, also by Pisenti and Brinker.

Read the audit report here.

About Orange County Power Authority

The Orange County Power Authority is a not-for-profit public agency that offers clean power at stable rates, significantly reducing energy-related greenhouse emissions and enabling reinvestment in local energy programs. To learn more, visit www.ocpower.org.