Liberty Utilities (CalPeco Electric) LLC GRC Proceedings
D.20-08-030 (authorized a final revenue and rates for 2019, and PTAM for 2020 and 2021) A. 18-12-001 Test Year 2019 - Docket
The Commission issued the final decision in August 2020, addressing the general rate case (GRC) application of Liberty Utilities (CalPeco Electric) LLC to increase its authorized revenues for electric service, update its energy cost adjustment clause billing factors, establish marginal costs, allocate revenues, and design rates.
The decision adopted a 2019 Test Year Revenue Requirement of $86.1 million and a Rate Base of $263.1 million. The newly adopted revenue requirement increased rates 3.14% over present rates, and increased the average residential customer's monthly bill by approximately $1.74.
The decision included authorizations for increases in Liberty's Vegetation Management Program, Energy Efficiency programs, and solar incentive program, and an increase in its Energy Cost Adjustment Clause revenues. The decision denies without prejudice the Olympic Valley microgrid proposal because the project is not ready for consideration in this GRC. It also provided for a debt equity structure of 47.5 percent/52.5 percent, and an authorized return on equity of ten (10) percent resulting in an overall rate of return of 7.63 percent.
Previous Liberty Decisions:
D.16-12-024 (authorized final revenue figures for 2016, 2017 and 2018) A. 15-05-008 Test Year 2016 - Docket
The decision adopted an all-party settlement with some modifications that implemented a 2016 Test Year Revenue Requirement of $77.8 million and a Rate Base of $145.7 million. The newly adopted revenue requirement decreased rates 0.71% over present rates in effect, and reduced the average residential customer's monthly bill by approximately $10.98.
The decision adopts an all-party settlement for the test year 2013 general rate case filed by California Pacific Electric, LLC., (CalPeco) as well as a post-test year adjustment mechanism for 2014 and 2015. The settlement results in $77.965 million 2013 revenue requirement, which is a 4.6% increase over current rates for test year 2013. It also adopts a rate base of $119.181 million.