2. Jurisdiction and Background
Applicants are public utilities subject to the jurisdiction of this Commission as defined in Section 218 of the Public Utilities Code.2 Applicants seek adoption of a base year 2010 cost of capital which will apply to all of their California-jurisdictional operations.
The applications were consolidated pursuant to Rule 7.4 of the Commission's Rules of Practice and Procedure. The consolidation of these applications does not necessarily mean that a uniform return on equity should be applied to each of the utilities. This is because each of these utilities needs to be considered both individually and as part of an industry before arriving at a reasonable return.
2 All statutory references are to the Public Utilities Code unless otherwise stated.
