San Diego Gas and Electric GRC Proceeding (Phase I)
A.22-05-016 Test Year 2024 Docket
In its application, SDG&E requested the Commission authority to update its electric and gas revenue requirement for Test Year 2024. SDG&E also requests revenue increases for 2025 to 2027. Specifically, SDG&E requests the Commission authorize a combined $2.995 billion revenue requirement ($2.332 billion for electric and $664 million for gas) to be effective January 1, 2024. If approved, this revenue requirement would be an increase of $462 million over the as-expected authorized 2023 authorized revenue requirement, or an 18% increase.
On December 19, 2024, the Commission issued Decision 24-12-074 adopting a Test Year 2024 base revenue requirement of $2.699 billion ($2.192 billion for electric and $506 million for gas) for Track 1 of the proceeding. It also authorizes an annual 3 percent post-test year base revenue increase at $2.845 billion, $2.964 billion, and $3.086 billion for years 2025, 2026, and 2027, respectively. Additionally, the decision adopts a post-test year budget-based capital exception for undergrounding and system hardening for wildfire capital expenditure at $166.5 million, $167.4 million, and $168.6 million for years 2025, 2026, and 2027, respectively, to underground overhead lines and installed covered conductor on 140 miles per year.
The proceeding remains open, with Track 2 of the SDG&E Test Year 2024 GRC currently in process. Track 2 considers SDG&E’s request for cost recovery of incremental 2019-2022 wildfire mitigation costs recorded in the Wildfire Mitigation Plan Memorandum Accounts (WMPMA) at $284 million for O&M, $1,188 million for Capital Expenditures, resulting in a revenue requirement of $775 million.
Previous SDG&E GRC Decisions:
- Application A.22-05-016 Track 2 Wildfire Mitigation Cost Recovery Request for Incurred Cost from 2019-2022
- D.21-05-003 (authorized the final revenue figures for 2022 and 2023)
- D.19-09-051 (authorized final revenue figures for 2019, 2020, and 2021) A.17-10-007 - Docket
- D.16-06-054 (authorized the final revenue figures for 2016, 2017, and 2018) A.14-11-004 - Docket
- D.13-05-010 (authorized the final revenue figures for 2012, 2013, and 2014) A.10-12-005 - Docket
- D.08-07-046 (authorized the final revenue figures for 2008, 2009, 2010, and 2011) A.06-12-009 - Docket
Dec. 19, 2024: Proposed Decision Issued - Read our Fact Sheet.