5. Fees

Whenever the Commission authorizes a utility to issue debt, the Commission is required to collect a fee in accordance with § 1904(b). This statute set forth, in relevant part, the formula for computing fees as follows:

Section 1904(b): For a certificate authorizing an issue of bonds, notes, or other evidences of indebtedness, two dollars ($2) for each one thousand dollars ($1,000) of the face value of the authorized issue or fraction thereof up to one million dollars ($1,000,000), one dollar ($1) for each one thousand dollars ($1,000) over one million dollars ($1,000,000) and up to ten million dollars ($10,000,000), and fifty cents ($0.50) for each one thousand dollars ($1,000) over ten million dollars ($10,000,000), with a minimum fee in any case of fifty dollars ($50). No fee need be paid on such portion of any such issue as may be used to guarantee, take over, refund, discharge, or retire any stock, bond, note or other evidence of indebtedness on which a fee has theretofore been paid to the commission.

The following table shows the calculation of the fee that PG&E is required to pay pursuant to § 1904(b) for the $1.5 billion of additional short-term debt authorized by today's opinion:

PG&E shall remit the required fee of $756,000 to the Commission's Fiscal Office. The authority granted by this opinion shall not become effective until the fee is paid.