XN000022-1987-11-23 — Page 5

MONDAY, NOVEMBER 23, 1987

THE WORKING PARTY'S SPECIFIC PROPOSALS ARE:·

*

BUT

THE PRESENT MONITORING ORGANISATION SHOULD BE RETAINED, MORE DETAILED WRITTEN PROCEDURES ON THE EXISTING MONITORING THE MONITORING UNITS ARRANGEMENTS SHOULD BR PROMULGATED. SHOULD EVALUATE THEIR STAFF REQUIREMENTS AFTER THE PROPOSALS ARRANGEMENTS HAVE BREN FOR IMPROVING THE MONITORING IMPLEMENTED FOR A PERIOD OF TIME.

LOAD FORECASTS PROVIDED

THE GOVERNMENT SHOULD MONITOR THE BY THE POWER COMPANIES BY DEVELOPING PARALLEL FORECASTS FOR CONDUCTING A METHODOLOGICAL PURPOSES OF COMPARISON AND/OR THE FORECASTS. BE REVIEWED

REVIEW OF

CONTINUE

ΤΟ

INTERVALS.

THESE

FORECASTS

BY

THE

AT GOVERNMENT

SHOULD SUITABLE

*

FOR FUEL PROCUREMENT,

POWER

COMPANIES SHOULD

CONTINUE TO

TO THE GOVERNMENT.

SUBMIT INFORMATION ON FUEL PROCUREMENT FOR THE PURPOSE OF REASSURING THE PUBLIC, THE ADMINISTRATION INDIVIDUAL TRANSACTIONS AND SHOULD CONDUCT SPOT CHECKS ON

POLICIES,

FUEL

PROCUREMENT

ALSO REVIEW

THE

COMPANIES'

PROCEDURES AND PRACTICES.

CONCURRENTLY,

PROCUREMENT OF

THERE SHOULD MAJOR EQUIPMENT

$500,000 OR ABOVE PER CONTRACT. THE ADMINISTRATION

IN

ADDITION, CONDUCT

RANDOM

CHECKING

ON

BE SIMILAR REVIEWS ON AND SERVICES WHICH COST

SHOULD, INDIVIDUAL

TRANSACTIONS.

THE

THE COMPANY POWER

OF INFORMATION ON GOVERNMENT PROVISION TO THE PRINCIPLES AND BASIS OF CHARGES ON AFFILIATED TRANSACTIONS SHOULD BE MADE A FORMAL REQUIREMENT. THE

ANY CHANGE COMPANIES SHOULD SEEK THE GOVERNMENT'S VIEW ON IN THE PRINCIPLES AND BASIS OF CHARGES TOWARDS INTER-COMPANY

AGREEMENTS, TRANSACTIONS, AS LAID DOWN IN THE INTER-COMPANY

SHOULD RANDOM CHECKING ON AFFILIATED COMPANY TRANSACTIONS

TRANSACTIONS INVOLVING BE CONDUCTED. MONITORING OF MAJOR COMPANIES' DIRECTORS SHOULD CONTINUE.

POWER COMPANIES, THE NEXT ON PROVISION OF INFORMATION BY

1988 SHOULD REVIEW OF THE SCHEME OF CONTROL AGREEMENTS IN

FOLLOWED CONSIDER THE DIFFERENCES IN THE ACCOUNTING POLICY

ACCOUNTING BY THE POWER COMPANIES AS WELL AS THE PARTICULAR

FIXED ASSETS. POLICY ON PROFITS AND LOSSES ON DISPOSAL OF

то BE ADOPTED. "FUNCTIONALISATION" OF COSTS WILL CONTINUE

THE GOVERNMENT WILL PURSURB ON A POINT OF PRESENTATION,

EXTENT THE CONTENTS TO WHAT

WITH

AND

POWER COMPANIES

THE FORMAT OF THEIR SUBMISSIONS CAN BE STANDARDISED.

/THE CONSULTANTS'