ALJ/MAB/sid DRAFT Agenda ID #2368

Ratesetting

4/1/2004 Item 49

Decision DRAFT DECISION OF ALJ BUSHEY (Mailed 6/10/2003)

BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

Application of Point Arena Water Works, Inc. for an order authorizing a rate increase in rates subject to refund producing additional annual revenues of $70,137 or 56.9% for the test year 2002.

Application 02-11-057 (Filed November 25, 2002)

INTERIM OPINION RETAINING ACCOUNTING AND

RATEMAKING TREATMENT OF 1995 TAX REFUND

Summary

This decision holds that the Commission retain the accounting and ratemaking of income tax refunds received by Point Arena Water Works (PAWW) over a several-year period ending in 1995.