Gain-on-Sale

In its protest filed after the application was submitted, TURN raised the issue of the proper allocation of the gain-on-sale from the sale of the lots as between ratepayers and shareholders. Since TURN filed its protest, the Commission initiated a Rulemaking (R.) 04-09-003 that is designed to address gain-on-sale issues. A Commission decision is anticipated soon in this rulemaking and SoCalGas is directed to disperse the gain-on-sale from the sale of the 36 lots and the previous sales of the 48 lots in accordance with the final decision in R.04-09-003.