PCL Auditing Services 2025-2029

The City of Pasadena Water and Power Department seeks qualified Certified Public Accounting (CPA) firms to perform independent audit and verification services for the Utility's Annual Power Source Disclosure Program Report, including the Power Content Label (PCL). The audit must comply with California Public Utilities Code Sections 398.1-398.5, California Public Utilities Commission (CPUC) Power Source Disclosure Program requirements, and Senate Bill 1305 climate disclosure requirements.

The scope of work includes comprehensive review and verification of methodologies, calculations, supporting documentation, and underlying data utilized in preparing annual disclosures. The selected firm will validate energy procurement data, renewable energy credit (REC) treatment, specified versus unspecified source classifications, and consistency with applicable CPUC reporting templates and guidance. The audit must address California's complex energy market environment, including energy transactions involving multiple counterparties, balancing authorities, renewable procurement contracts, and market purchases.

Key requirements include demonstrated experience auditing utility energy portfolios, environmental disclosures, or similar regulatory compliance filings for public or private load-serving entities. The firm must possess familiarity with California energy accounting practices, power procurement reporting, and CPUC Power Source Disclosure regulations. The audit is critical for maintaining regulatory compliance, public trust, and transparency with customers, governing bodies, and regulatory agencies, particularly given increasing public and regulatory focus on greenhouse gas emissions, renewable energy procurement, and environmental claims.

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. Key dates include Q&A deadline of June 12, 2026 at 9:00 PM and proposal submission deadline of June 19, 2026 at 9:00 PM.