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HomeMy WebLinkAboutAgenda Report - October 16, 1985 (43)dJ PUC APPLICATIONS 12 L n City Ujerx regar stinding Pacific Gas and Electric ��l Application No. 85-09-062 requ g authority from the California Public Utilities Commission, under its Gas Adjustment Clause to decrease its gas rates, effective January 11 1986, by about 0.8 percent or by approximately $30 2 million on an annualized basis. 5! .+{ T yr �S.yf x t RAM E P�4.CIFIC -GAS AND ELECTRIC_E(1FLV NY 77 BEALE STREET, SAN FRANCISCO, CALIFORNIA 91d� 66rT TE`C�EPdIt��N& (5 35) 972-4226: P.O. BOX 7442, SAN FRANCISCO, CALIFORNIA 94120 TELECOPIER (415) 543.7813 AUCtE K ,REIMC1 HOWARD V. GOLUB./�CI�Y(�C1 E(�Jh� ATTORNEY AT LAW - CITY 0;"• L0t�1 October 1, 1985 TO: THE STATE, COUNTY AND CITY OFFICIALS AND INTERESTED PARTIES PACIFIC GAS AND ELECTRIC COMPANY (PGandE) has filed Application No. 85-09-062 in which it requests authority from the CALIFORNIA PUBLIC UTILITIES COMMISSION (Commission), under its Gas Adjustment Clause (GAC) to decrease its gas rates, effective January 1, 1986, by about 0.8 percent or by approximately $30.2 million on an annualized basis. The GAC decrease PGandE currently proposes to place into effect on January 1, 1986 is primarily based upon estimated lower natural gas prices from California gas, Canadian gas and Southwestern United States gas suppliers. The price of gas from El Paso Natural Gas Company, PGandE's supplier of gas from the Southwestern United States, is estimated to decrease from $3.5256 to $3.3761 per Dth. The price of PGandE's Canadian gas supply has decreased approximately $.1274 per Dth from $3.2791 to $3.1518 per Dth for purposes of this filing. And the price of PGandE's California gas supply is forecasted to decrease from $3.00 per Dth to $2.92 per Dth. 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 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 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 level which the Commission last found to be just and reasonable for PGandE's'Gas Department. A copy of the Application and related exhibits may 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 Company, 77 Beale Street, Room 3107, or c/o Regional