PCI Successfully Completes SOC/FISMA Examinations for 2021

NORMAN, Okla.--(BUSINESS WIRE)--Power Costs, Inc., (PCI) is pleased to announce its successful completion of the Service Organization Controls 1 Type II (SOC 1 Type II) and Service Organization Controls 2 Type II (SOC 2 Type II) attestation issued under the American Institute of Certified Public Accounts (AICPA) and Statement on Standards for Attestation Engagements No. 18 (SSAE 18) for 2021.

After a thorough external audit, the SOC reports were prepared and issued by KirkpatrickPrice for the evaluation period ending in October 2020. The audit results indicate that PCI’s controls as a cloud service provider are appropriately designed and effectively executed. This marks PCI’s 10th consecutive year to be issued unqualified SOC reports.

Additionally, PCI is pleased to announce its successful completion of a compliance audit on the Federal Information Security Management Act of 2002 (FISMA) using the National Institute of Standards and Technology (NIST) Special Publication (SP) 800-53 Revision 4 framework.

After a thorough external audit, a FISMA Compliance Report was prepared and issued by KirkpatrickPrice attesting that PCI has implemented safeguards that meet the protections required by FISMA using the NIST SP 800-53 rev.4 framework. The audit results indicate that PCI’s information security program is operating with sufficient effectiveness to provide reasonable assurance that the security, confidentiality, and integrity of nonpublic personal information is protected as of Oct. 31, 2021.

These reports provide assurance that PCI’s hosted solutions will meet its customers’ security needs on a best-in-class cloud platform. PCI works globally with a variety of customers, including federal and state entities, and strives to comply with industry best practices to deliver secure and reliable software solutions.

About Power Costs, Inc. (PCI)

PCI is the leading provider of energy trading software, superior customer support, and value-added services for energy companies worldwide. Founded in 1992, PCI continues to refine and develop new solutions that meet the ever-evolving needs of its clients, including investor-owned, municipal, and cooperative utilities, renewable energy companies, energy marketers and traders, and independent power producers. PCI optimizes more than half the power generated in North America, and more than 70% of Fortune 500 Utilities in the U.S. are PCI customers. The firm is privately held and based in Norman (OK), with regional offices in Houston (TX), Raleigh (NC), and Mexico City, and Sydney (AUS). To learn more, please visit powercosts.com.