4. Comments on Draft Decision
The draft interim decision of the administrative law judge in this matter was mailed to the parties in accordance with Section 311(g)(1) of the Public Utilities Code and Rule 77.7 of the Rules of Practice and Procedure. Comments were filed on _______________ and reply comments were filed on _______________.
Findings of Fact
1. SoCalGas acquired gas for its core and core subscription customers at savings of approximately $14.4 million over the GCIM benchmark in Year Six, the period April 1, 1999 through March 31, 2000.
2. Applying the GCIM formula yields a shareholder award of approximately $9.8 million for Year Six.
3. D.00-06-039 provides for the Energy Division to issue an evaluation report in order to provide the Commission with guidance regarding the success or failure of the program and its continued operation.
4. The evaluation report was submitted on January 4, 2001.
1. The SoCalGas request to adjust the Purchased Gas Account to reflect a shareholder award of $9,759,744.14 under the Year Six GCIM should be granted.
2. SoCalGas reasonably managed its GCIM gas acquisitions in Year Six.
3. Whether modifications of the GCIM are required will be considered in Phase II of this proceeding.
IT IS ORDERED that:
1. Southern California Gas Company (SoCalGas) is authorized to adjust the Purchased Gas Account to recognize a shareholder award of $9,759,744.14 under Year Six of its Gas Cost Incentive Mechanism (GCIM).
2. The Energy Division shall submit an evaluation report as set forth in Decision (D.) 94-03-076 and D. 00-06-039 on or before January 4, 2000; this requirement has been met.
3. Phase I of this proceeding does not require that hearings be held.
4. Application 00-06-023 remains open pending completion of Phase II of this proceeding.
This order is effective today.
Dated , at San Francisco, California.
