9. Waiver of Comment Period
This is an uncontested matter in which the decision grants the relief requested. Accordingly, pursuant to § 311(g) (2), the otherwise applicable 30-day period for public review and comment is being waived.
10. Exemption from the Competitive Bidding Rule
In D. 92-11-059, the Commission held that the Competitive Bidding Rule set forth in Resolution F-616 does not apply to short-term debt.11 Accordingly, the short-term debt authorized by this Decision is not subject to the Competitive Bidding Rule.
11. Fees
Whenever the Commission authorizes a utility to issue debt, the Commission is required to charge and collect a fee in accordance with
§ 1904 (b). On June 14, 2005, SDG&E paid the fee of $206,000 for the $400,000,000 short-term excess borrowing authorization granted by D.05-05-047, until December 31, 2010. For the additional excess short-term debt of $150,000,000 authorized by this Decision, SDG&E should pay $81,000.12 However, since SDG&E paid the fee of $281,000 pursuant to § 1904 (b) when the Application was filed on December 22, 2005,13 we will direct the Fiscal Office to refund SDG&E the amount of $200,000. The fee of $281,000 as calculated by SDG&E as shown on Schedule X of Attachment D is incorrect.
11 D.92-11-059, Conclusion of Law 4. (1992 Cal. PUC LEXIS 772, *15.)
12 The fee is determined as follows: ($2 x (1,000,000/1,000)) + ($1 x (9,000,000/1,000)) + ($0.50 x (140,000,000/1,000)) = $81,000.
13 CPUC CSR#43714 dated 12/22/05.
