May 6, 2016

Management Letter on the Western Federal Power System’s Fiscal Year 2015 Financial Statement Audit

KPMG LLP (KPMG), our contract auditors, planned and performed an audit of the combined financial statements of the Western Federal Power System (the System) as of and for the year ended September 30, 2015.  During the audit, KPMG noted certain matters involving internal control and other operational matters that are presented in the management letter prepared by KPMG.  The letter contains four new findings and one repeat finding that were issued during the course of the System’s Fiscal Year 2015 Financial Statement Audit. 

Topic: Management & Administration