Negotiate Energy Ordena external auditorium tras identify “multiple inconsistencies” in dates of the AEE

The process of buying, acquiring, acarreo, heating and consumption of combustible in the Electricity Authority (AEE) during the past three years is the object of an external auditorium, in lieu of the public corporation sometió al Puerto Rico Energy Negotiator information with “multiple inconsistencies” that the controller cannot reproduce or validate.

The auditorium is a cargo of the specialized company Larkin & Associates, located in Arizona, and concede “at some point during this year”, indicates Angel Rivera de la Cruz, one of the associates of the Company.

“We are looking forward to the full operation of the Authority and we will decide whether to have a combustion auditorium. Apart from the inventory and the finances, we will have other processes that have the Authority to determine whether they are efficient and within the standards and practices that we must meet ”, says Rivera de la Cruz in El Nuevo Día.

The Negotiator recommended to the auditorium on the 29th of September, when the review of the clauses was adjusted by comparing it to the June / August 2020 period. adjust the price of the petroleum barrel. The governing body concludes the figures sometimes by the AEE.

For these reasons –y todavía–, the price of the barrel of petroleum has not been recovered from the diploma that was registered, in April, due to the COVID-19 pandemic. Sin-embargo, la AEE report – consisting of flammable and a value of $ 102 per barrel for central San Juan and $ 76 for central Palo Seco. Agreed with Rivera de la Cruz, these figures are “inconsistent with the prices found in the market” at the moment ($ 59 per barrel).

“When the Authority agreed to its release, it called for a $ 91.6 million reconciliation on the concept of combustion. However, if costs are higher than what is expected, then the difference is less, ”he said, adding that the Negotiator has not yet decided on the June, July and August 2020 conciliation.

In the meantime, the Negotiated Approval, on November 20, a resolution and order officiating the auditorium and informing that series directed by Larkin & Associates. It regulates the implementation of the AEE “total cooperation”.

“The Negotiated Office has a case study and will review the 2018, 2019 and 2020 tax years. We have many information requirements for the Authority and the receipts. We are now in the process of analyzing this first source of information to determine what is more necessary to complete the process, ”said Rivera de la Cruz.

Due to the pandemic, the work is being carried out remotely.

In a separate interview, the executive director of the AEE, Efran Paredes, confirms that they confirm the reunion with Larkin & Associates as part of the auditorium. “I’ve been open to anyone in the auditorium, because part of my job is to make sure things work out as they should. We are cooperating ”, afirmó.

Paredes attribute the “multiple inconsistencies” identified by the Negotiator to a phase in the entry date of the internal Asset Suite platform, which affects the price of the petroleum barrel. “I do not believe that there is a greater problem than the accounting reconciliation of support”, he added.

Aggregate that, as a corrective medium – and simultaneously with the auditorium -, he ordered “the development of a data entry protocol to our accounting base, as long as the plants can report on the combustible barriers that come with the costs” . As part of dicho protocol, the dates are entered in Asset Suite a diary, in each of 72 or 96 hours (three or four days).