REPORT DIGEST ILLINOIS POWER AGENCY FINANCIAL AUDIT AND COMPLIANCE EXAMINATION FOR THE YEAR ENDED JUNE 30, 2016 Release Date: February 9, 2017 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. There were no material findings of noncompliance disclosed during our examination. AUDITOR’S OPINION The auditors stated the financial statements of the Illinois Power Agency Operations Fund, Illinois Power Agency Renewable Energy Resources Fund, and the Illinois Power Agency Trust Fund as of and for the year ended June 30, 2016, are fairly stated in all material respects. ACCOUNTANT’S OPINION The accountants conducted a compliance examination of the Illinois Power Agency for the year ended June 30, 2016, as required by the Illinois State Auditing Act. The accountants stated the Illinois Power Agency complied, in all material respects, with the requirements described in the report during the year ended June 30, 2016. FRANK J. MAUTINO Auditor General FJM:djn AUDITORS ASSIGNED This audit and examination was performed by the Office of the Auditor General’s staff.