ALJ/GEW/sid DRAFT Item 3
5/16/2002
Agenda ID # 321
Decision ____________
BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA
In the Matter of the Application of Southern California Gas Company Regarding Year Six (1999-2000) Under Its Experimental Gas Cost Incentive Mechanism and Related Gas Supply Matters. (U 904 G) |
Application 00-06-023 (Filed June 15, 2000) |
David B. Follett, Judith L. Young, and John R. Ellis, Attorneys at
Law, for Southern California Gas Company, applicant.
Patrick L. Gileau, Attorney at Law, for the Office of Ratepayer
Advocates and Marcel Hawiger, Attorney at Law, for The Utility Reform Network, intervenors.
Stephen E. Pickett, Douglas Kent Porter, Gloria Ing, and Kevin J.
Lipson, Attorneys at Law, for Southern California Edison Company and Norman A. Pedersen, Attorney at Law, for the Southern California Generation Coalition, protestants.
1. Summary
In Phase 2 of this proceeding, we turn to the question of whether to extend the Gas Cost Incentive Mechanism (GCIM) for Southern California Gas Company (SoCalGas), and, if so, whether modifications of the mechanism are appropriate. Following two days of hearings and extensive briefing, we conclude that the public interest is served by extending the GCIM and by adopting changes agreed to by SoCalGas, the Commission's Office of Ratepayer Advocates (ORA) and The Utility Reform Network (TURN). The changes aim generally at reducing consumer costs of gas. We also approve the Settlement Agreement entered into by SoCalGas, ORA and TURN that, among other things, caps the amount of shareholder award that can be recovered under the GCIM and increases consumer benefits beginning in Year Seven of the program. This application is closed.
