Officials at Connecticut Innovations Inc., a quasi-public evelopment agency, have ignored their own rules in approving various e penditures and contracts, including "personal service agreements" tha cost more than $75,000 and were awarded without competitive bidding the state auditors say.
The auditors also say the agency, which administers the Connecticut Clean Energy Fund - which uses money from assessments on utility bills to promote renewable energy sources - may not have collected all of the revenue to which it was entitled. (source: Journal Inquirer)
The article goes on to report that Connecticut Innovations gets its funding from the two utility companies, CL & P and UI.
The fund gets monthly payments from two utility companies, the auditors said, but its documentation supporting the amounts paid by one "consisted of only an assessment calculation," while the other "provided only a check."Meanwhile CL &P wants to raise electricity rates 8.9%. UI should be announcing its rate increases this week. So must for deregulation and innovation. What was that about the liquid gas terminal in Long Island Sound again?
They added that while the agency requested more information from the utilities after the period covered by the audit, only one had responded.
CII officials said they agreed with the auditors' findings and recommendations concerning its contract and invoice approvals and personal service agreements, according to the review.
The officials also said they would request a meeting with each electric utility to review the procedures in place and reports available pertaining to the billing and collection of the Clean Energy Fund charges. (source: Journal Inquirer)
Journal Inquirer, Auditors rap development agency for contracts, Clean Energy revenue by Don Michak 11/20/06