3. Request to Continue Two Way Balancing
Account Authorized in D.06-11-026
SDG&E proposes to continue its Balancing Account through the later of December 31, 2011 or issuance of a Commission decision setting SDG&E's base rate revenue requirement for TY 2012. SDG&E's TY 2012 GRC application, A.10-12-005 is pending before the Commission.
Given the current procedural schedule in that case, which includes an expected final decision in March 2012,8 SDG&E concludes that the Balancing Account will expire (on December 31, 2011) prior to issuance of the final decision in its GRC. SDG&E posits that due to the overlapping schedule of three large energy utilities' GRC proceedings currently underway at the Commission,9 the processing of SDG&E's TY2012 GRC has been extended beyond what otherwise would have been the end of its present rate cycle through December 31, 2011.
SDG&E goes on to state that the entirety of the currently proposed SONGS revenue requirement (including SDG&E's share) is being determined in the SCE TY 2012 GRC proceeding, the schedule of which precedes that of SDG&E's TY 2012 GRC. SDG&E's share of these SONGS related costs will be incorporated into SDG&E's TY 2012 revenue requirement after they have been reviewed and a determination made by us regarding SCE's TY 2012 GRC. A final decision in the SCE case is not expected until December 2011.10
8 Assigned Commissioner and Administrative Law Judge's Scoping Memo and Ruling, dated March 2, 2011 in A.10-12-005, at 16, which adopted a procedural schedule in which the final decision is not expected until approximately March 2012.
9 A.10-12-005 - SDG&E, A.10-12-006 - Southern California Gas (consolidated with A.10-12-005), and A.10-11-015 - SCE.
10 Scoping Memo and Ruling of Assigned Commissioner dated March 1, 2011 in A.10-11-015 at 20.
