SDGE_2018_SB_695_Rpt_Part_I.doc - SB 695 Report To California Public Utility Commission(CPUC Energy Division San Diego Gas and Electric Company 2018

SDGE_2018_SB_695_Rpt_Part_I.doc - SB 695 Report To...

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SB 695 ReportTo California Public Utility Commission (CPUC) Energy DivisionSan Diego Gas and Electric Company2018Part I: Section 748(a) CPUC Study and ReportSan Diego Gas & Electric Company (SDG&E) appreciates the opportunity to provide input to the California Public Utilities Commission (CPUC or Commission) in response to Senate Bill (SB) 695 enacted changes to Public Utilities Code (PUC) Section 748. SDG&E’s objective in developing this report is to provide useful information that the CPUC may consider as it prepares its annual report for the Governor and Legislature. This report addresses PUC Section 748(a) and provides data related to both gas and electric revenue requirements and rates. SDG&E’s response addressing PUC Section 748(b) is to be provided separately. This report is structured as per the Energy Division’s request: (1)Description of revenue requirements describing key categories of revenue requirements, trends for each category in the coming 12 months, and load/demand forecasts; and, (2)An outlook from May 1, 2018 to April 30, 2019 listing the pending and anticipated proceedings affecting revenue requirements.1.Description of Revenue Requirement Components (Gas and Electric)A. Key Revenue Requirement Categories This section provides a summary outlining SDG&E’s major revenue requirementcategories for both electric and gas, including a description of key categories of revenue requirements, the associated revenue requirement amount and the percentage contribution to total revenue requirements as commonly monitored within SDG&E.Electricity cost categories include:Commodity/Generation – This is the generation charge for electricity used and includes charges for the energy provided by SDG&E as well as the costs associated with purchased power contracts, utility-owned generation, and other costs associated with generating and procuring the commodity.SDG&E 2018 SB695 ReportPage 1
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Department of Water Resources Bond Charge (DWR-BC) – This charge pays forbonds issued by DWR to cover the costs of purchased power during theelectricity crisis.Competition Transition Charge (CTC) – Through this charge, SDG&E recovers costs for power contracts approved by state regulators that have been made uneconomic by the shift to competition.Local Generation Charge (LGC) –This charge allows SDG&E to recover costs ofgeneration facilities that are needed for local reliability purposes to be recovered from Direct Access (DA) and Community Choice Aggregation (CCA) customers in addition to bundled customers. These costs are net market energy services andare part of the SDG&E generation portfolio that would otherwise be recovered through commodity rates.Nuclear Decommissioning (ND) – This charge pays for the retirement of nuclear power plants.
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