Liberty Utilities (CalPeco Electric) LLC GRC Proceedings
Test Year (TY) 2025 A.24-09-010 - Docket
On September 20, 2024, Liberty Utilities (CalPeco Electric) LLC filed TY 2025 GRC Application A.24-09-010 requesting authority to increase its authorized revenues for electric service, establish marginal costs, allocate revenues, and design rates as of January 1, 2025. Based on the application, Liberty seeks approval of a proposed Test Year 2025 base revenue requirement of $247.920 million (reflecting an overall revenue increase of $39.773 million or 19.1 %), a rate of return on rate base of 8.568 %, a 11.0 % return on equity (ROE), and a capital structure of 47.5 % debt and 52.5 % equity, among other requests. Liberty’s proposed revenue would result in a 20.6 % bill increase, or approximately $37.51 per month, for an average-use residential customer.
Previous Liberty GRC Decisions:
- D.23-04-043 (adopted an all-party settlement agreement on final revenue requirement for TY 2022 and an adjustment mechanism for 2023 and 2024). A.21-05-017 - Docket
- D.20-08-030 (authorized final revenue requirement for TY 2019 and an adjustment mechanism for 2020 and 2021). A.18-12-001 - Docket
- D.16-12-024 (authorized final revenue requirement for TY 2016). A.15-05-008 - Docket
- D.12-11-030 (authorized final revenue requirement and rates for TY 2013, and an adjustment mechanism for 2014 and 2015). A.12-02-014 - Docket