HomeMy WebLinkAboutAgenda Report - April 2, 1986r^ !
PUC APPLICATION.
City Clerk Reimche presented a letter that had been
received from PG&E'requesting authority from the
CC -7 (f) California Public utilities Commission under its Gas
Adjustment Clause to decrease its gas rates, effective
April 1, 1986 by about 8.2 percent or by approximately
$256.5 million on an annualized basis.
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RECEIVED;
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I= 01 V I C C#AS AND E I'm C TRI,
77 BEALE STREET, SAN FRANCISCO, CALIFORNIA 94I0Ir yyyl��r5) 972 4226
6 t P 0 E (4M=Y-:i43-4-
P 0.:` BOX 7442, SAN FRANCISCO, CALIFORNIA 94120 A4) 543 7813
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ATfORRVY AT LAW
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Larch 18, 1986
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TOs THE STATE, COUNTY AND CITY OFFICIALS -
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AND INTERESTEDPARTIES .
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PACIFIC GAS AND ELECTRIC COMPANY (PGandE) has
filed. Application No. 86-03-030 in which it requests
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authority from the CALIFORNIA PUBLIC UTILITIES COMMISSION
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(Commission), under its Gas Adjustment Clause (GAC) to
decrease its gas rates, effective April 1,_`1986, by about
8.2 percent or `by approximately $256.5 million on an
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annualized basis,"
The GAC decrease PGandE currently proposes to:.
place into effect on April 1,`1986 primarily reflects`
proposed lower natural"gas prices attributable to the recent
drop in world oil prices. The average delivered price of
gas from El.Paso Natural Gas Company, PGandE's'supplier of
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gas' from the Southwestern United States, is proposed to
decrease to $2.8549 per bIMBtu. The average delivered price
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of PGandE's Canadian gas supply is proposed to decrease to
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$2.5313. per MMBtu. The price of PGandE's California gas
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4 1111 11 151,69
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supply, is proposed to -,decrease to $2.23 per,11MBtu.
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PGandE anticipates that the Commission will hold'
hearings on the -proposed decrease later this year. Parties
at the.hearings may offer proposals to the Commission which.
differ from those requested by the Utility. After
considering all proposals presented during the formal
hearing process, the Commission will issue a Decision. The
actual rates adopted by the Commission "may significantly,
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differ from those requested by the Utility, and may result
in an increase or decrease; in your individual rates.
If you wish to participate formally and. need
advice or if you wish copies of Public Staff Division's rate
proposals, please write to the Public Advisor, California
Public Utilities Commission at 350 McAllister Street„ San:
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Francisco,' California 94102.""
Authorization of PGandE's proposal only will
enable PGandE to recover its gas costs under its GAC.` It
will not enable PGandE to earn a rate of return above the
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level which the Commission last found to be just and.
reasonable for PGandE's Gas Department.'
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A copy of the Application and related exhibits :gay
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be examined at the office of the California.Public Utilities
Commission, State Building, 350 McAllister Street, San
Francisco, California 94102; at Pacific Gas and Electric
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Conr)anv, .]
77 BealeStreet, Room 3181, or c/o, Regional
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Manage -in PCandE's.,Regional --headqparters.in Fresno,
Oakland,,Sacramento, San Francisco, San Jose and San Rafael'.
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This Notice .,is given in accordance with Rule 24 of,
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theRules of-Practice0 and Procedure f the California Public.
�Utilities Commission.
Very.truly yours,
PACIFIC. AND ELECTRIC COMPANY
HOWARD V
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