In 2009, the New York State Public Service Commission retained Charles River Associates, a management consulting firm based in Boston, MA, to perform a two-phase investigative accounting audit to determine how much money Con Edison owed to its customers for overcharges for the period 2000 to 2009.

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The action by the FCC was prompted by the General Accounting Office, the investigative arm of Congress, which last summer urged the agency to undertake the reevaluation in view of the fact that the current standard was adopted by the FCC in 1996 based on the recommendations of various organizations including the Institute of Electrical and Electronics Engineers, or IEEE.

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