VIII. Non-ERRA Balancing and Memordandum Accounts
SCE provided testimony on the activities of several non-ERRA balancing account mechanisms during the record period. These mechanisms consisted of SCE's Electric Distribution Revenue Adjustment Balancing Account (EDRABA), BRRBA, Other Distribution Adjustment Mechanism (ODAM), Nuclear Decommissioning Adjustment Mechanism (NDAM), Public Purpose Programs Adjustment Mechanism (PPPAM), and California Alternative Rates for Energy (CARE) Balancing Account (CBA). It also included the activities of its EDRABA, ODAM, NDAM, PPPAM, and CBA accounts for the period July 1, 2003 through December 31, 2003 pursuant to D.05-02-006.
The following tabulation sets forth a summary of the individual balances and net balance of the balancing account mechanisms at the end of the Record Period. Details of the activities of these balancing account mechanisms are set forth in Exhibit 2.
Mechanism |
Millions Undercollected (Overcollected) |
EDRABA5 |
$ 0.0 |
BRRBA |
(7.0) |
ODAM |
(4.0) |
NDAM |
1.6 |
PPPAM |
23.8 |
CBA |
2.5 |
ERRA |
3.2 |
Net Balance Undercollected |
$20.1 |
SCE also provided testimony on the activities of its Energy Settlement Memorandum Account (ESMA) and Litigation Cost Tracking Account (LCTA) during the Record Period as authorized by Commission Resolution E-3894. Details of the activities of these memorandum accounts were set forth in Exhibit 2. The ESMA had a $103.9 million balance at December 31, 2004, and the LCTA had a $3.9 million balance.
SCE seeks a Commission finding that the entries recorded in these ratemaking mechanisms and memorandum accounts and their respective balances at December 31, 2004 are appropriate and correctly stated.
DRA scrutinized the entries recorded in the above identified non-ERRA balancing and memorancum accounts and did not find any instances of unreasonableness.6 Based on this independent analysis and conclusion, we find the December 31, 2004 balances of these non-ERRA balancing and memorandum accounts reasonable and recoverable.
5 The $151.0 million overcollected balance in this account at June 30, 2004 was transferred to the BRRBA pursuant to D.04-07-022. The EDRABA no longer exists.
6 Reporter's Transcript Vol. 1, p. 56, lines 4 through 11.
