3. PG&E's Request
In its application, PG&E specifically requests that the Commission:
1. Approve PG&E's SmartMeter Program Upgrade for construction and deployment as described and proposed;
2. Allow PG&E to recover the actual costs of the Upgrade without further reasonableness review if the actual cost of the Upgrade is less than or equal to $623 million3 and to recover additional reasonable amounts, if any, upon appropriate Commission review;
3. Adopt PG&E's proposed balancing account and other ratemaking mechanisms to track actual costs and pre-approved benefits of the Upgrade;
4. Adopt PG&E's proposal of using forecast benefit amounts, as presented in this Application, tied to the actual project deployment schedule, for providing operating benefits of the Project to customers, and also recognizing other benefits associated with demand response and energy conservation;
5. Approve the Upgrade forecast revenue requirements presented in this Application as the starting point for Project rates; and
6. Adopt PG&E's proposal for changing electric rates on January 1, 2009 and on January 1, 2010, based on the approved forecast revenue requirements, combined with balancing account balances that true-up for actual costs and credited benefits estimated for each rate change date, and any other permission and authority necessary to implement the proposed rates.
As part of this proceeding, PG&E also requests authority to implement its peak time rebate (PTR) proposal and recommends a single tier tariff to do so.
3 Since revised to $572 million.
