5. Reporting Requirement

General Order (GO) 24-B requires utilities to submit a monthly report to the Commission that contains, among other things: (a) the amount of debt issued by the utility during the previous month; (b) the total amount of debt outstanding at the end of the prior month; (c) the purposes for which the utility expended the proceeds realized from the issuance of debt during the prior month; and (d) a monthly statement of the separate bank account that the utility is required to maintain for all receipts and disbursements of money obtained from the issuance of debt.

The Commission has granted many utilities authority to report quarterly the information required by GO 24-B in order to reduce their administrative cost of complying with the GO and to conform to past practice.¹⁹ SDG&E should be treated no differently. SDG&E may report quarterly to the Commission the information required by GO 24-B. However, SDG&E shall report this information on a monthly basis if directed to do so by the Commission staff.

¹⁹ See, for example, D.05-08-008 at 36; D.04-10-037 at 51; and D.03-12-052 at 11-12.