Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 130

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1A
Chunk 130
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 appeal of the FERC’s order denying the Utility’s request for rehearing.  The utilities’ joint opening brief was filed on September 11, 2024 and reply brief was filed on December 17, 2024.  Oral argument is scheduled for June 4, 2025.

On March 21, 2025, the Utility filed with the FERC a settlement in the TO21 rate case.  The settlement would resolve all contested issues in the proceeding, as well as specific wildfire cost recovery issues raised by stakeholders in prior proceedings related to the Utility’s TO tariff.  The settlement would set a base ROE of 10.38%, which does not address the 0.5% ROE adder for participation in the CAISO.  The settlement would set a fixed capital structure with common equity weighted at 50.0%, preferred equity at 0.3%, and long-term debt at 49.7%.

Other Regulatory Proceedings

2023-2025 Wildfire Mitigation Plan

The Utility submitted an updated 2025 WMP on April 2, 2024, as directed by the OEIS.  On November 19, 2024, the OEIS issued a final approval of the Utility’s 2025 WMP update.  On January 16, 2025, the CPUC ratified the OEIS’s approval.  

On December 5, 2024, the Utility filed a change order request to update some of the forecasted work in the WMP for 2025.  On February 10, 2025, the OEIS issued a decision approving both initiatives in the change order request.  

2026-2028 Wildfire Mitigation Plan

On April 4, 2025, the Utility submitted its 2026-2028 WMP to the OEIS.  The 2026-2028 WMP provides a comprehensive overview of the Utility’s wildfire mitigation strategy and incorporates lessons learned from previous years and emerging best practices. 

SB 884 10-Year Distribution Undergrounding Program

On March 7, 2024, the CPUC approved a resolution that establishes an expedited utility distribution infrastructure undergrounding program pursuant to Public Utilities Code Section 8388.5.  The resolution addresses the process and requirements for the CPUC’s review of any large electrical corporation’s 10-year distribution infrastructure undergrounding plan and conditional approval of its related costs.  

On February 20, 2025, the OEIS adopted