4. General Order 24-B
General Order (GO) 24-B requires utilities to submit a monthly report to the Commission that contains, among other things, the following information: (1) the amount of debt issued by the utility during the previous month; (2) the total amount of debt outstanding at the end of the prior month; (3) the purposes for which the utility expended the proceeds realized from the issuance of debt during the prior month; and (4) a monthly statement of the separate bank account that the utility is required to maintain for all receipts and disbursements of money obtained from the issuance of debt.
In recent years the Commission has routinely authorized utilities to report on a quarterly basis the information required by GO 24-B in order to reduce the utilities' administrative and compliance costs.3 Consistent with this practice, PG&E may report on a quarterly basis the information required by GO 24-B for debt issued pursuant to this opinion, except that PG&E shall report this information on a monthly basis if directed to do so by Commission staff.
This opinion does not address the reasonableness of (1) any expenditures made by PG&E with the proceeds from the short-term debt authorized herein, or (2) the cost, rates, terms, or conditions of debt issued by PG&E pursuant to this opinion. These matters will be addressed in other proceedings, as appropriate.
3 See, for example, D.06-05-029, Ordering Paragraph (OP) 6; D.05-05-047, OP 8;
D.04-04-041, OP 5; D.04-01-009, OP 11; D.03-12-052, OP 6; D.03-12-004, OP 13;
D.03-11-018, OP 13; and D.03-09-020, OP 6.
