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PCG PR H - Pacific Gas And Electric Co News Story

$22.31 -0.2  -0.8%

Sector
Utilities
Size
Large Cap
Market Cap £4.28bn
Enterprise Value £30.41bn
Revenue £13.60bn
Position in Universe th / 6850

BRIEF-Pacific Gas And Electric Says Co Filed Rate Case Requesting FERC

Mon 1st October, 2018 9:25pm
Oct 1 (Reuters) - Pacific Gas and Electric Co  PCG_pa.A :
    * PACIFIC GAS AND ELECTRIC -CO FILED RATE CASE REQUESTING
FERC
APPROVE A PROPOSED “FORMULA RATE” FOR COSTS ASSOCIATED WITH
UTILITY’S ELECTRIC TRANSMISSION FACILITIES
    * PACIFIC GAS -SEES CAPEX OF ABOUT $1.1 BILLION AND $0.7
BILLION
FOR 2018 AND 2019, RESPECTIVELY, FOR ASSETS TO BE PLACED IN
SERVICE BEFORE END OF 2019
    * PACIFIC GAS - INCLUDING PROJECTS TO BE PLACED IN SERVICE
BEYOND
2019, CO FORECASTS ELECTRIC TRANSMISSION CAPEX OF $1.4 BILLION
IN 2018 AND $1.4 BILLION IN 2019
    * PACIFIC GAS AND ELECTRIC - UTILITY SEES 2019 ELECTRIC
TRANSMISSION REVENUE REQUIREMENT OF $1.96 BILLION VERSUS
REQUESTED REVENUE REQUIREMENT FOR 2018 OF $1.79 BILLION
    * PACIFIC GAS - UTILITY REQUESTED THAT FERC ACCEPT ITS
FORMULA
RATE FILING TO BECOME EFFECTIVE ON DEC 1, SUSPEND USE OF NEW
RATES UNTIL JAN 1, 2019

Source: https://bit.ly/2Iz5wpm
Further company coverage:  PCG_pa.A 

 ((Reuters.Briefs@thomsonreuters.com))
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