Pacific Gas And Electric Co logo

PCG PR H - Pacific Gas And Electric Co News Story

$22.31 0.0  0.0%

Sector
Utilities
Size
Large Cap
Market Cap £4.18bn
Enterprise Value £29.87bn
Revenue £13.37bn
Position in Universe th / 6853

BRIEF-PG&E Says Unit Filed 2020 General Rate Case Application With CPUC

Thu 13th December, 2018 10:05pm
Dec 13 (Reuters) - PG&E Corp  PCG.N :
    * PG&E - UNIT FILED 2020 GENERAL RATE CASE APPLICATION WITH
CALIFORNIA PUBLIC UTILITIES COMMISSION
    * PG&E - IN 2020 GRC, CPUC TO DETERMINE ANNUAL AMOUNT OF
BASE
REVENUES THAT UTILITY WILL BE AUTHORIZED TO COLLECT FROM
CUSTOMERS FROM 2020 THROUGH 2022
    * PG&E - FOR 2020 "TEST YEAR," UTILITY REQUESTED BASE
REVENUES OF
$9.6 BILLION, UP 12.4% VERSUS AUTHORIZED BASE REVENUES FOR 2019
    * PG&E - UTILITY ALSO REQUESTED THAT CPUC ESTABLISH A
RATEMAKING
MECHANISM THAT WOULD INCREASE UTILITY'S AUTHORIZED REVENUES IN
2021 BY $454 MILLION
    * PG&E - UTILITY ALSO REQUESTED THAT CPUC ESTABLISH A
RATEMAKING
MECHANISM THAT WOULD INCREASE UTILITY'S AUTHORIZED REVENUES IN
2022 BY $486 MILLION
    * PG&E - OVER 2020-2022 GRC PERIOD, UTILITY PLANS TO MAKE
AVERAGE
ANNUAL CAPITAL INVESTMENTS OF ABOUT $4.5 BILLION
    * PG&E - UTILITY PROPOSES TO INVEST A TOTAL OF ABOUT $5
BILLION
BETWEEN 2018 AND 2022 ON COMMUNITY WILDFIRE SAFETY PROGRAM
MEASURES
    * PG&E - GRC PROPOSAL DOES NOT REQUEST FUNDING FOR POTENTIAL
LAWSUITS OR CLAIMS RESULTING FROM 2017 AND 2018 NORTHERN
CALIFORNIA WILDFIRES
    * PG&E - UTILITY IS NOT SEEKING RECOVERY OF COMPENSATION OF
PG&E
CORPORATION'S AND UTILITY'S OFFICERS
    * PG&E - UTILITY INDICATES IN APPLICATION WEAKENED CREDIT
CONDITIONS FOLLOWING NOV 8 CAMP FIRE MAY IMPAIR UTILITY'S
ABILITY TO RAISE NEW DEBT, EQUITY
    * PG&E CORP - UTILITY REQUESTS THAT CPUC ISSUE A FINAL
DECISION BY
MARCH 2020 AND THAT 2020 GRC RATES BE EFFECTIVE JANUARY 1, 2020
    * PG&E - EXPECTS THAT DECOMMISSIONING OF DIABLO CANYON WILL
TAKE
MANY YEARS AFTER ITS RETIREMENT UPON EXPIRATION OF CURRENT
OPERATING LICENSES
    * PG&E - ON DECEMBER 13, UTILITY SUBMITTED UPDATED
DECOMMISSIONING
COST ESTIMATE TO CPUC
    * PG&E - ESTIMATED UNDISCOUNTED COST TO DECOMMISSION
UTILITY'S
NUCLEAR POWER PLANTS INCREASED BY ABOUT $700 MILLION FOR COST OF
$4.8 BILLION FOR DIABLO CANYON
    * PG&E CORP - CURRENT CPUC-APPROVED NUCLEAR DECOMMISSIONING
COST
ESTIMATE IS $3.7 BILLION
    * PG&E - UTILITY REQUESTS THAT CPUC AUTHORIZE COLLECTION OF
INCREASED ANNUAL REVENUE REQUIREMENTS BEGINNING ON JANUARY 1,
2020

Source text - https://bit.ly/2QwEh5K
Further company coverage:  PCG.N 

 ((Reuters.Briefs@thomsonreuters.com;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.