ALJ/JSW/hkr Date of Issuance 12/22/2009
Decision 09-12-005 December 3, 2009
BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA
Order Instituting Rulemaking to Consider the Annual Revenue Requirement Determination of the California Department of Water Resources. |
Rulemaking 09-06-018 (Filed June 18, 2009) |
DECISION ALLOCATING THE REVISED 2010 REVENUE
REQUIREMENT DETERMINATION
OF THE CALIFORNIA DEPARTMENT OF WATER RESOURCES
Summary
In accordance with the Rate Agreement between the California Department of Water Resources (DWR) and this Commission, DWR submitted its 2010 revenue requirement determination of $3.185 billion to this Commission on August 6, 2009. DWR then updated and made some changes to its revenue requirement and submitted a revised 2010 revenue requirement determination on October 27, 2009. The revised determination is for a revenue requirement of $3.022 billion, a decrease of $162 million as compared to the August 6, 2009 submission.
In today's decision, we allocate DWR's revised 2010 revenue requirement determination of $3.022 billion to the electricity customers of Pacific Gas and Electric Company (PG&E), San Diego Gas & Electric Company (SDG&E), and Southern California Edison Company (SCE) using the allocation methodology adopted in Decision (D.) 05-06-060, as modified by D.08-11-056.1 The allocation will result in DWR recovering its electric power costs and bond-related financing costs for 2010 from the electric customers of these three utilities. As shown in Appendix A of this decision, the Power Charges of $2.126 billion, to provide the necessary funds to cover DWR's 2010 energy costs, are allocated to the customers of PG&E, SDG&E, and SCE at $0.23139, $0.06112, and $0.03763 per kilowatt hour (kWh), respectively. The Bond Charge of $896 million is allocated to the customers of all three utilities at $0.00515 per kWh.
1 See D.08-12-006, pp. 7-8.
