REPORT DIGEST

ILLINOIS POWER AGENCY

FINANCIAL AUDIT
FOR THE YEAR ENDED JUNE 30, 2020

Release Date:  May 11, 2021

FINDINGS THIS AUDIT:  0
FINDINGS LAST AUDIT: 1

State of Illinois, Office of the Auditor
General
FRANK J. MAUTINO, AUDITOR GENERAL

To obtain a copy of the Report contact:
Office of the Auditor General, Iles Park
Plaza, 740 E. Ash Street, Springfield, IL
62703
(217) 782-6046 or TTY (888) 261-2887

This Report Digest and Full Report are
also available on the worldwide web at
www.auditor.illinois.gov

INTRODUCTION

The Illinois Power Agency’s mission is
(1) to oversee the electricity planning
and procurement processes to ensure
adequate, reliable, affordable,
efficient, and environmentally
sustainable electric service at the
lowest cost over time for the residential
and small commercial customers of
Commonwealth Edison, the Ameren Illinois
Company, and the MidAmerican Energy
Company and (2) to procure renewable
energy using the resources of the
Illinois Power Agency Renewable Energy
Resources Fund.

This digest covers the financial audit of
the Agency’s nonshared governmental funds
as of and for the year ended June 30,
2020.  A State Compliance Examination of
the entire Agency for the two years
ending June 30, 2020, will be released
separately.

AUDITOR’S OPINION

The auditors stated the financial
statements of the Illinois Power Agency
Operations Fund, the Illinois Power
Agency Renewable Energy Resources Fund,
and the Illinois Power Agency Trust Fund
as of and for the year ended June 30,
2020 are fairly stated in all material
respects.

This financial audit was conducted by
Plante & Moran, PLLC.

JANE CLARK
Division Director

This report is transmitted in accordance
with Section 3-14 of the Illinois State
Auditing Act.

FRANK J. MAUTINO
Auditor General

FJM:JGR