Printer Friendly

SDG&E FILES WITH THE PUBLIC UTILITIES COMMISSION

 SAN DIEGO, May 7 /PRNewswire/ -- SDG&E today made two filings with the Public Utilities Commission (PUC). Prompted by the current downturn in the economy, the company is requesting a lowering of its authorized rate of return which would result in a $13 million decrease in rates.
 The PUC will review the request and issue a decision later this year, probably in November.
 In a second filing, which the PUC will also rule on later this year, SDG&E is asking for a $3 million increase to be awarded the company for successfully achieving goals in the 1992 Demand Side Management (conservation) programs, which resulted in saving 117 million kilowatt hours of energy. This is about twice the usage of all new residential customers added to SDG&E's system in 1992.
 The net result of these two pending filing requests would be a $10 million decrease in rates which -- if approved by the PUC -- could become effective Jan. 1, 1994. However, in the interest of rate stability for its customers, SDG&E is requesting the PUC to combine this decrease with other scheduled rate changes expected in the first half of 1994.
 SDG&E's rates have dropped roughly 20 percent in the past 10 years. In addition, the company's average electric rates are the lowest of the major publicly held utilities in California.
 In a survey released last week by the National Association of Regulatory Utility Commissioners (NARUC), SDG&E had dropped from 32nd highest to 39th, while Southern California Edison's ranking went up from 17th to 15th; Pacific Gas & Electric, based in San Francisco, is ranked at 22nd.
 -0- 5/7/93
 /CONTACT: Gretchen Griswold, senior media communications representative of SDG&E, 619-696-4309/


CO: San Diego Gas & Electric ST: California IN: UTI SU:

JB-LS -- SD001 -- 6191 05/07/93 19:22 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 7, 1993
Words:303
Previous Article:LA QUINTA MOTOR INNS LIMITED PARTNERSHIP DECLARES CASH DISTRIBUTION FOR THE QUARTER ENDED MARCH 31, 1993
Next Article:WAL-MART STORES, INC. REPORTS RECORD SALES AND INCOME FOR FIRST QUARTER
Topics:


Related Articles
SDG&E ASKS STATE FOR PERFORMANCE-BASED INCENTIVES
SDG&E FILES FINAL PERFORMANCE-BASED RATE PLAN LINKING SERVICE, RELIABILITY AND CUSTOMER SAVINGS
UTILITY REGULATORY REVOLUTION: SHAREHOLDERS', RATEPAYERS' INTERESTS NOW THE SAME
SAN DIEGO GAS & ELECTRIC FILES FOR 12.45 PERCENT RETURN ON EQUITY
SAN DIEGO GAS & ELECTRIC SEEKS PACED REFORM: LOWERING COSTS IS PARAMOUNT CONCERN
SDG&E GETS APPROVAL TO IMPLEMENT NATION'S FIRST COMPREHENSIVE RATE INCENTIVE PLAN
CPUC AGREES TO ROLL BACK SDG&E GAS RATES BY $16.4 MILLION
SDG&E FILES TO LOWER NATURAL GAS RATES BY $42 MILLION

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters