7. Comments on the Proposed Decision
The proposed decision of the ALJ in this matter was mailed to the parties in accordance with Pub. Util. Code § 311 and comments were allowed under Rule 14.3 of the Commission's Rules of Practice and Procedure. No comments were received.
Findings of Fact
1. The Settling Parties had a thorough understanding of the Application when they proposed the settlement.
2. The record of the proceeding was sufficiently developed.
3. The Settlement Agreement is reasonable.
4. The revised revenue requirement of $25.44 million represents a 21% reduction from SDG&E's original Catastrophic Event Memorandum Account request.
5. The settlement entered into by SDG&E and the DRA would authorize SDG&E to recover costs recorded in the Catastrophic Event Memorandum Account related to seven 2007 Southern California fires.
Conclusions of Law
1. A second Prehearing Conference is not necessary.
2. Further development of the record of the proceeding is not necessary.
3. The Settlement Agreement affixed hereto as Attachment A should be adopted.
4. The Settlement Agreement is consistent with law.
5. The Settlement Agreement is in the public interest.
ORDER
IT IS ORDERED that:
1. The request for relief in the June 15, 2010, Opposition to the Joint Motion Requesting Approval of the Settlement Agreement is denied.
2. The settlement agreement entered into by the San Diego Gas & Electric Company and the Commission's Division of Ratepayer Advocates (Settlement Agreement) affixed hereto as Attachment A is adopted.
3. The San Diego Gas & Electric Company is authorized to recover costs recorded in the Catastrophic Event Memorandum Account related to seven 2007 Southern California fires in a manner consistent with the Settlement Agreement.
4. San Diego Gas & Electric Company's authorized revenue requirement is $25.44 million.
5. The preliminary determination regarding the need for hearing is changed from yes to no. Hearings are not necessary.
6. Application 09-03-011 is closed.
This order is effective today.
Dated October 14, 2010, at San Francisco, California.
MICHAEL R. PEEVEY
President
DIAN M. GRUENEICH
JOHN A. BOHN
TIMOTHY ALAN SIMON
NANCY E. RYAN
Commissioners
