At the request of Tennessee Valley Authority's (TVA) Supply Chain, we audited AREVA NP, Inc.'s calendar year 2011 rate adjustments required under the terms in its contract. The contract provided for AREVA to complete engineering, licensing, construction, and startup operations of a single Bellefonte Nuclear Plant unit by the end of 2017. The objective of our audit was to determine if AREVA's rate adjustments were in accordance with the contract terms.In summary, we determined AREVA's net credit adjustment of $134,544 due to TVA was understated. Based on the methodology included in the contract, we determined the adjustment should be a credit to TVA of $564,765. AREVA officials agreed with our findings. AREVA issued TVA a credit of $375,875 and plans to issue TVA a credit for the remaining $188,890. Summary Only
Report Date | Agency Reviewed / Investigated | Report Title | Type | Location | |
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Tennessee Valley Authority | AREVA NP, Inc. - Review of Rate Adjustments | Audit | Agency-Wide | View Report | |
U.S. Postal Service | Fiscal Year 2012 Postal Service Financial Statement Audit - Eagan Accounting Services | Audit | Agency-Wide | View Report | |
Office of Personnel Management | Summaries of Recent OIG Investigations 2013-02-05 | Other | Agency-Wide | View Report | |
Office of Personnel Management | Audit of Horizon BlueCross BlueShield of New Jersey Newark, New Jersey | Audit | Agency-Wide | View Report | |
U.S. Postal Service | Fiscal Year 2012 Financial Testing Compliance Oversight Continuous Detached Mail Unit Reviews | Review | Agency-Wide | View Report | |
Federal Deposit Insurance Corporation | The FDIC's Data Submissions through the Governmentwide Financial Report System as of September 30, 2012 | Audit | Agency-Wide | View Report | |
Appalachian Regional Commission | Fort Payne Infrastructure Development Grant | Audit |
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View Report | |
Millennium Challenge Corporation | Audit of the Millennium Challenge Corporation's Programs in Mozambique | Audit |
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View Report | |
Department of Justice | National Institute of Justice Cooperative Agreements with Akela, Incorporated, Santa Barbara, California | Audit |
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View Report | |
Department of Justice | Annual Accounting and Authentication of Drug Control Funds and Related Performance Fiscal Year 2012 | Audit | Agency-Wide | View Report | |