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PCG » Topics » D. Annual Electricity Rate Adjustment

This excerpt taken from the PCG 8-K filed Dec 28, 2005.

D.  Annual Electricity Rate Adjustment

              Also, on December 15, 2005, the CPUC issued a resolution approving the Utility’s annual electric rate true-up filing that adjusts rates effective January 1, 2006 to (1) reflect over- and under- collections in the Utility's major electric balancing accounts (including electricity procurement), and (2) consolidate various other 2006 electricity revenue requirement changes authorized by the CPUC or the FERC during 2005 in other proceedings.  These rate changes, to be included in electricity rates on January 1, 2006, will increase electricity revenues by approximately $691 million as compared to revenues at present rates.  Balances in all accounts authorized for recovery by the December 15, 2005 resolution are subject to review, verification, and adjustment, if necessary, by the CPUC.

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