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 |
3,077.6 |
12.07 |
1,112.2 |
3.89 |
825.4 |
2.78 |
ORA | ||||||
Initial Recommendation |
(2,465.4) |
(9.63) |
325.2 |
1.41 |
357.8 |
1.53 |
Revised Recommendation |
(2,619.3) |
(8.50) |
474.9 |
2.03 |
578.3 |
2.98 |
Adopted |
2,642.1 |
10.36 |
948.4 |
3.37 |
714.3 |
2.46 |
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.
