APA/Deamer - Memo dated 5/14/26 to CLK/Teitzman, with attached audit report for TECO; any response by utility should be sent to CLK. (Audit Control No. 2026-012-1-5)

AI Summary

The Florida Public Service Commission's Office of Auditing and Performance Analysis completed an audit of Tampa Electric Company's Fuel and Purchased Power Cost Recovery Clause for the twelve months ended December 31, 2025. Auditors examined revenue recognition, fuel expenses, power purchases, inventory management, and various cost recovery mechanisms across 16 audit areas. The auditors found no exceptions across all procedures, confirming the company's full compliance with applicable PSC orders and regulatory requirements...