California PUC Takes Up Case Involving Pacific Gas And Electric
PROPOSED OUTCOME:
* Authorizes Pacific Gas and Electric Company (PG&E) to recover a revenue requirement of $445.4 million for incremental wildfire insurance premiums and related costs tracked in its Wildfire Expense Memorandum Account over a three-year period.
* Adopts, with modification, a Joint Settlement agreement among PG&E, the Public Advocates Office of the California Public Utilities Commission, and The Utility Reform Network.
* Closes the proceeding.
SAFETY CONSIDERATIONS:
* There are no safety considerations associated with this decision.
ESTIMATED COST:
* $445.4 million to be recovered from the ratepayers of PG&E over 36 months.
(Comr Batjer - Judge Sisto)
http://docs.cpuc.ca.gov/SearchRes.aspx?docformat=ALL&docid=406567687
Pub. Util. Code Sec. 311 - This item was mailed for Public Comment.
Pub. Util. Code Sec.1701.1 -- This proceeding is categorized as Ratesetting.
This matter may be considered during the Ratesetting Deliberative Meeting.
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