Assignment of Proceeding

Michel Peter Florio is the assigned Commissioner and Stephen C. Roscow is the assigned ALJ in this proceeding.

Findings of Fact

1. SDG&E's ERRA balance is currently projected to be $49.9 million undercollected as of June 30, 2012 (based on actual numbers through April and projected numbers for May and June).

2. SDG&E's projected undercollected ERRA balance at the end of June 2012 exceeds its 4% trigger point of $43.4 million. SDG&E's undercollected balance is projected to exceed the 5% threshold point of $54.2 million in July 2012.

Conclusions of Law

1. Pub. Util. Code § 454.5(d)(3) provides for the timely recovery of procurement costs incurred by electric utilities that are under an approved procurement plan.

2. The balance in an ERRA balancing account is not to exceed or fall below 5% of the electric utility's actual recorded generation revenues for the prior calendar year excluding revenues collected for the CDWR.

3. SDG&E's proposal to recover a projected $49.9 million undercollection from ratepayers over a 12-month period beginning no later than September 1, 2012 should be approved.

4. SDG&E should file an Advice Letter no later than September 1, 2012 to show the final amount of undercollection to be collected from ratepayers, based on the most recent recorded ERRA data that is available.

ORDER

IT IS ORDERED that:

1. San Diego Gas & Electric Company shall file a Tier 1 advice letter no later than September 1, 2012, to show the final amount of the rate increase approved herein, based on the most recent recorded Energy Resource Recovery Account data that is available. The advice letter shall be effective on or after the date filed subject to Energy Division determining that it is in compliance with this decision.

2. San Diego Gas & Electric Company shall collect the Energy Resource Recovery Account undercollection from ratepayers over a 12-month period.

3. Hearings are not necessary.

4. Application 12-04-003 is closed.

This order is effective today.

Dated August 2, 2012, at San Francisco, California.

Previous PageTop Of PageGo To First Page