Several independent entities conduct oversight activities related to the Energy Efficiency Utility (EEU) program. In the near future, current reports related to oversight activities will be available for public review in the Board’s electronic case management system, ePSB. In the meantime, links to some of the most recent reports are set forth below. You may contact the Clerk of the Board to obtain copies of other reports, including reports from prior years.
The EEU Fiscal Agent is responsible for administering and managing the EEU Fund under a contract with the Board. It receives payments made to the Fund and disburses monies from the fund to pay approved invoices and expenses. The Fiscal Agent is required to keep accurate accounts of all funds it receives and disburses and provides periodic accounting reports related to the EEU Fund.
The Fiscal Agent submits a monthly report to the Board concerning the financial status of the Energy Efficiency Utility Fund.
Monthly Report for EEU Activities through August 31, 2016
Department Oversight Activities
The Department’s oversight activities of the EEU Fund include review and approval of payment for Efficiency Vermont's monthly invoices by the Fiscal Agent.
The EEU Fund is audited at least once each year by an independent auditor selected by the Board.
Independent Audit of the EEU Fund - calendar year ended December 31, 2015
Reports to Legislature
Vermont law requires the Board to report annually to the legislature on the revenues collected via the Energy Efficiency Charge and the expenditures made on EEU services. Vermont law also requires the Board to report annually on the self-managed energy efficiency programs.
Efficiency Vermont, City of Burlington Electric Department (BED), and Vermont Gas Systems (VGS) produce quarterly and monthly reports that include short narratives regarding the various services they offer and summary information on their spending and energy and capacity savings.