PCL Auditing Services 2025-2029

The City of Pasadena Water and Power Department is seeking the auditing services of a qualified firm of Certified Public Accountants to perform a verification audit of the California Energy Commission (“CEC”) Annual Power Source Disclosure Program Report, including the Power Content Label, in accordance with California Public Utilities Code, § 398.1 – 398.5 and Senate Bill 1305.

The City of Pasadena Water and Power Department is seeking proposals from qualified Certified Public Accounting (CPA) firms to perform an independent audit and verification of the Utility’s Annual Power Source Disclosure Program Report, including the Power Content Label (PCL) in accordance with California Public Utilities Code Sections 398.1–398.5, applicable California Public Utilities Commission (CPUC) Power Source Disclosure Program requirements, and Senate Bill (SB) 1305 climate disclosure requirements.

California’s Power Source Disclosure Program requires electric utilities to annually disclose to customers the sources of electricity supplied to retail consumers, including specified and unspecified power purchases, renewable energy content, and associated greenhouse gas intensity. The Power Content Label serves as a key consumer transparency and regulatory compliance document intended to provide accurate and consistent information regarding electricity procurement portfolios across all load-serving entities in California.

The audit and verification of the Utility’s Power Content Label is an important component of maintaining regulatory compliance, public trust, and transparency with customers, governing bodies, and regulatory agencies. Accurate reporting is essential given the increasing public and regulatory focus on greenhouse gas emissions, renewable energy procurement, energy market transactions, and environmental claims associated with electricity generation and delivery.

The selected CPA firm will be expected to review and verify the methodologies, calculations, supporting documentation, and underlying data utilized in preparing the Utility’s annual disclosures. This includes, but is not limited to, the validation of energy procurement data, renewable energy credit (REC) treatment, specified versus unspecified source classifications, and consistency with applicable CPUC reporting templates and guidance.

The Utility operates within the complex California energy market environment, where energy transactions may involve multiple counterparties, balancing authorities, renewable procurement contracts, market purchases, and evolving regulatory requirements. As a result, the audit requires familiarity with California energy accounting practices, power procurement reporting, and CPUC Power Source Disclosure regulations. The selected firm should possess demonstrated experience auditing utility energy portfolios, environmental disclosures, or similar regulatory compliance filings for public or private load-serving entities.

In addition, SB 1305 and related climate disclosure expectations continue to increase scrutiny regarding environmental and emissions-related claims. The Utility therefore seeks an independent review process that supports transparency, defensibility, and accuracy in its public disclosures while helping identify any reporting risks, inconsistencies, or opportunities for process improvement.

The successful proposer will work collaboratively with Utility staff to complete the audit within required regulatory timelines and provide all necessary reports, attestations, and supporting documentation needed for compliance and public disclosure purposes.