HomeMy WebLinkAboutAgenda Report - May 2, 1990 (30)CITY COUNCIL N ETNG
MAY 2, 1990
PACIFIC GAS AND ELECTRIC'S
NOTICE TO ADJUST ITS
ELECTRIC RATES EFFECTIVE
NOVEMBER 1, 1990
CC -7(f) The City Council was informed of a Notice of Application of
Pacific Gas and Electric Company for authority to adjust
its electric rates effective November 1, 1990 as follows:
"The requested rate adjustment would increase electric
revenues overall - by approximately $544.5 million or
approximately 8:4% above the level in effect on January 1,
1990. The increase is needed to amortize an
undercollection in the electric cost balancing account, and
to pay for increased fuel and purchased -power costs which
PG&E expects to incur from November 1, 1990 to October 31,
1991."
BEFORE THE PUBLIC UTILITIES CONK.
OF THE STATE OF CALIFORNIA
Application of PACIFIC GAS AND ELECTRIC)
COMPANY For Authority To Adjust Its )
Electric Rates Effective November 1, Application
1990; and For Nd. 90-04-003
}
Commmission Order Finding That PG&EFS }
Gas And Electric Operations During The J
Reasonableness Review Period From )
January 1, 1989 to December 31, 1989, )
Were Prudent, )
(U 39 K) }
1
April 10, 1990
TO: The State of California Attorney General, Department
of General Services, County and City Officials:
Pacific Gas and Electric Company hereby gives notice that in
Application No. 90-04-003, filed April 2, 1990, with the
California Public Utilities Commission, it has requested
authority to increase its electric rates. It is PG&E's
proposal to consolidate the revenues associated with this
Application with our 1991 Cost of Capital and Attrition Rate
Adjustment revenue changes into a single rate change,
effective January 1, 1991. PG&E's filing is made in
accordance with its ECAC/AER/LIRA/ERAM provisions.
The requested hate adjustment would increase electric
revenues overall by approximately $544.5 million or
approximately 8.4% above the level in effect on January 1,
1990. The increase is needed to amortize an undercollection
in the electric cost balancing account, and to pay for
increased fuel and purchased -power costs which PG&E expects
to incur from November 1, 1990 to October 31, 1991.
The state, counties, municipal corporations, and any other
parties interested in the above-mentioned filing can obtain a
copy of Application N-" 90-04-003 and related exhibits upon
written request made to PG&E at Post Office Box 7442, Law
Department, San Francisco, CA 94120, Attention: Room 3168.
This notice is given in accordance with Rule 24 of the Rules
of Practice and Procedure of the California Public Utilities
Commission.
B * CJ` L&
At14F
MICHELLE L. WILSON'
PACIFIC GAS AND ELECTRIC COMPANY
VA