2. Background

In D.97-10-057, the Commission established the TRA and the revenue adjustment proceeding (RAP). The RAP verifies, and adjusts as necessary, entries made to the TRA in the prior period. In addition, the RAP consolidates the revenue requirements approved in other proceedings and sets the unbundled rate components for an electric utility.

The Commission has twice previously resolved such proceedings. D.99-06-058 resolved the 1998 RAP. D.01-01-019 resolved the 1999 RAP.

The focus of this RAP is the adjustment, verification, and consolidation of Commission-approved costs and revenues in Pacific Gas and Electric's (PG&E) TRA for the period July 1, 1999 through April 30, 2001. The goal is to ensure that PG&E accurately calculates the amount of revenues available to transfer to the Transition Cost Balancing Account (TBCA) to offset transition costs.