ALJ/SMW/lil Date of Issuance 12/13/2011
Decision 11-12-005 December 1, 2011
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 and related issues. |
Rulemaking 11-03-006 (Filed March 10, 2011) |
DECISION ALLOCATING THE REVISED 2012 REVENUE
REQUIREMENT DETERMINATION OF THE CALIFORNIA
DEPARTMENT OF WATER RESOURCES
1. Summary
In accordance with the Rate Agreement between the California Department of Water Resources (DWR) and this Commission, DWR submitted its 2012 revenue requirement determination of $931 million to this Commission on August 4, 2011. DWR then updated and made some changes to its revenue requirement and submitted a revised 2012 revenue requirement determination on October 27, 2011. The revised determination is for a revenue requirement of $923 million, a decrease of $8 million as compared to the August 4, 2011 submission.
In today's decision, we allocate DWR's revised 2012 revenue requirement determination of $923 million 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 2012 from the electric customers of these three utilities. As shown in Appendix A of this decision, the Power Charges of $71 million, to provide the necessary funds to cover DWR's 2012 energy costs, are allocated to the customers of PG&E and SDG&E at $0.08475 and $0.04083 per kilowatt-hour, respectively. The Bond Charge of $852 million is allocated to the customers of all three utilities at $0.00513 per kilowatt-hour. We also adopt methodologies for allocation of negative revenue requirement to PG&E and SCE for the year 2012.
1 See D.08-12-056 at 7-8.
