5. Reporting Requirement
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.
PG&E has requested that it be able to report quarterly instead of monthly, as required by GO 24-B. 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 We granted such authority to PG&E in D.08-10-013, and do so again here.20 PG&E may report quarterly to the Commission the information required by GO 24-B. However, PG&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.
20 See D.08-10-0103 at OP 9.
