SAN FRANCISCO, California, Sept. 12 -- The California Public Utilities Commission issued the following decision granting compensation (Agenda ID No. 21840) on Sept. 11, 2023.
Here are excerpts:
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BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA
Application of Pacific Gas and Electric Company to Recover Costs Recorded in the Catastrophic Event Memorandum Account Pursuant to Public Utilities Code Section 454.9 and Forecasted Pursuant to Resolution ESRB-4 (U39E).
DECISION GRANTING COMPENSATION TO THE UTILITY REFORM NETWORK FOR SUBSTANTIAL CONTRIBUTION TO DECISION (D.) 22-03-011 AND D.19-04-039
Intervenor: The Utility Reform Network ("TURN")
For contribution to Decision (D.) 22-03-011, D.19-04-039
Assigned Commissioner: Darcie L. Houck
Assigned ALJ: Jason Jungreis
PART I: PROCEDURAL ISSUES
A. Brief description of Decision: In D.22-03-011, the Commission approved the all-party settlement agreement, which allowed Pacific Gas and Electric Company to recover $683,200,000 in revenue requirement for its expenses and capital costs associated with responding to 11 catastrophic events occurring between 2016 and 2019. That recovery was reduced by a net amount of $373,000,000 because that amount had been previously authorized in D.19-04-039 as interim revenue requirement recovery. Therefore, D.22-03-011 authorized further revenue requirement recovery of $310,200,000 in rates.
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Original text here: https://docs.cpuc.ca.gov/PublishedDocs/Published/G000/M519/K378/519378129.PDF