Mock Audit

The City of Farmington Electric Utility System (FEUS), a municipally owned electric utility in New Mexico, is seeking qualified firms to conduct an independent mock audit in preparation for upcoming regulatory inspections scheduled for the second quarter of 2025. FEUS holds multiple federal and regional designations, including Distribution Provider, Generator Owner, Transmission Owner, and Planning Coordinator, and is mandated to maintain compliance with standards set by FERC, NERC, and WECC. The audit aims to evaluate FEUS’s operations and planning processes, as well as its Cyber Infrastructure Protection (CIP) measures, ensuring adherence to regulatory requirements. The solicitation, titled "Mock Audit," was posted on April 3, 2024, with a response deadline of April 30, 2024, and is managed through the City of Farmington’s procurement portal. The contract process emphasizes transparency and regulatory compliance, requiring proposers to disclose campaign contributions made to public officials within the past two years, as mandated by New Mexico law. The draft services agreement outlines the scope of work, compensation terms, and conditions for termination, with placeholders for specific contractual details. Additional related documents include various campaign contribution disclosures, bid invitations for construction and equipment procurement, and service agreements for other municipal projects, illustrating the city’s comprehensive approach to procurement, transparency, and project management. Overall, this initiative reflects Farmington’s proactive efforts to ensure its electric utility’s operational integrity and regulatory readiness through independent assessments and strict adherence to legal and procedural standards.