Revenue Requirement Increases

	2003		2004		2005
	$ (000)	%	$ (000)	%	$ (000)	%
CalAm
Application Request	5,725.3	22.47	1,772.1	6.94	996.5	3.02
Revised Request
ORA
Initial Recommendation
Revised Recommendation
Adopted

CalAm prepared its GRC request using an 11.00% return on common equity, which it estimates would produce 8.97% and 8.92% rates of return on rate base for test year (TY) 2003 and TY2004, and 8.87% in attrition year (AY) 2005.

The ALJ held a prehearing conference on June 3, 2002 and five days of evidentiary hearings from August 19 through August 23. The proceeding was submitted upon receipt of a late-filed reconciliation exhibit and concurrent briefs filed September 9.