Bear Valley Electric Services GRC Proceedings (Phase I)

Most recent GRC proceeding A.22-08-010 for Test Year 2023.

On August 30, 2022, Bear Valley filed its 2023-2026 GRC Application (A.22-08-010).  Bear Valley requested $50.28 million for 2023 in its application, which is a 26.5% increase over Bear Valley’s 2022 authorized revenue requirement of $39.75 million.  According to the application, a significant portion of the requested increase is attributable to wildfire mitigation measures being implemented by Bear Valley.  The application also requested an increase in Return on Equity (ROE) from 9.60% to 11.25%, as well as recovery of costs recorded in various wildfire mitigation memorandum accounts.

On November 1, 2024, Bear Valley, Cal Advocates, and Snow Summit jointly filed a Joint Motion for Commission Approval and Adoption of Settlement Agreement. 

On January 22, 2025, the Commission issued Decision 25-01-007 approving the Settlement Agreement and authorizing Bear Valley to collect the revenue requirements agreed upon in the Settlement Agreement.  The adopted revenue requirement for Test Year 2023 is $45.3 million, which is a 14.0% increase over Bear Valley’s 2022 authorized revenue requirement.  The agreed-upon ROE is 10.00%.

Regarding wildfire risk mitigation, the settling parties agreed on an annual revenue requirement of $2.7 million from 2023 to 2026 for vegetation management activities; any vegetation management costs above the $2.7 million, up to a cap of $3.1 million, will be tracked in the new Vegetation Management Balancing Account.  The settling parties also agreed that balances in the Fire Risk Mitigation Memorandum Account (FRMMA) and the Wildfire Mitigation Plan Memorandum Account (WMPMA)—$2.1 million and $0.9 million, respectively—will be collected through 36-month surcharges.  The balance of $6.5 million in the Fire Hazard Prevention Memorandum Account (FHPMA) will be recovered through a 48-month surcharge.

Please see the decision for more information.

  • D. 25-01-007 (revenue requirement for Test Year 2023 and increases for 2024-2026).

Previous Bear Valley Electric Services GRC Decisions:

  • D.19-08-027 (revenue requirement for Test Year 2018 and increases for 2019-2022).
  • D.16-02-021 (granted petition to modify D.14-11-002 to file Bear Valley’s next GRC application for Test Year 2018 prior to March 31, 2017).
  • D.14-11-002 (revenue requirement for Test Year 2013 and increases for 2014-2015).