Financial auditors engaged by some of the electricity Distribution Companies (DisCos) such as PriceWaterhouseCoopers (PWC) and Deinde Odusanya and Co have expressed uncertainty over the continued existence of the companies as they declared huge operation losses in two consecutive years ended December 31, 2015 and 2016 respectively.

In their separate submissions to the companies, copies of which were submitted to the Nigerian Electricity Regulatory Commission (NERC), PWC had doubt over Jos and Enugu DisCos on their ability to continue as business entities as they were heavily indebted.

Read more...http://energyworthonline.com/2018/07/03/anxiety-over-collapse-of-discos-as-audit-report-records-huge-losses-in-2-yrs/