Testimony; Hearing on Settlement Agreement
Sierra served its prepared direct testimony on revenue requirement,9 marginal costs, revenue allocation and rate design on June 3, 2005. DRA served its prepared testimony on results of operations10 on November 18, 2005. TURN served its prepared testimony on results of operations11 on November 21, 2005. On December 6, 2005, Sierra served rebuttal testimony on ORA and TURN's results of operations testimony. DRA, TURN, A-3CC and WMA served their prepared testimony on marginal costs, revenue allocation and rate design on December 7, 2005. On December 23, 2005, Sierra, A-3CC, and WMA served rebuttal testimony on marginal cost, revenue allocation and rate design issues.
As set forth in the Scoping Memo, on January 18, 2006, the parties filed their Joint Statement listing unresolved revenue requirement, marginal cost, and rate design issues.
As noted above, an evidentiary hearing was held on January 24, 2006, to review the proposed Settlement Agreement and to identify and receive testimony and exhibits into the record.
9 Sierra is a multi-jurisdictional utility that provides electric service under three jurisdictions- California, Nevada, and the Federal Energy Regulatory Commission. Sierra's revenue requirement is based on its cost of service studies and is then allocated among the three jurisdictions.
10 DRA's results of operations are based on Sierra's California jurisdictional electric revenues, expenses, and plant.
11 TURN's testimony addresses only certain aspects of Sierra's California jurisdictional results of operations, primarily for the purpose of ensuring consistency between California and Nevada ratemaking components.
