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 Test Year 2023 GRC Application A.22-08-010 requesting a $10.5 million increase to its operating revenue requirement, which would result in a 26.5% increase compared to the authorized 2022 operating revenue requirement.
According to the application, Bear Valley is further requesting increases of $2.24 million in 2024, $1.85 million in 2025, and $2.93 million in 2026. The application states that a significant portion of the increase being requested is attributable to the measures being implemented by Bear Valley to mitigate the risk of a wildfire. Among other items included in the application are Bear Valley’s requested increase to Return on Equity (ROE) from 9.60% to 11.25%, a proposed cost of capital mechanism, an updated cost allocation and rate design proposal, and requested recovery of costs recorded in various wildfire mitigation memorandum accounts.
On February 8, 2023 a Commissioner’s Scoping Memo and Ruling was issued by the Commission.
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).