Southern California Edison Company Seeks Authority to Issue Recovery Bonds

Strategic Insights -

The California Public Utilities Commission (CPUC) has published a document detailing the second application of Southern California Edison Company (SCE) for authority to issue recovery bonds for certain costs and expenses. The application, proceeding number A.21-06-016, is intended to recover costs associated with SCE's previous applications for rate increases. The document, which was filed on August 31, 2021, includes a list of parties served with the application, including Pacific Gas and Electric Company, San Diego Gas & Electric Company, and The Utility Reform Network.

Key Takeaways:

  • The Southern California Edison Company has submitted a second application for authority to issue recovery bonds for certain costs and expenses, totaling $[X] million.
  • The application, proceeding number A.21-06-016, seeks to recover costs associated with SCE's previous applications for rate increases.
  • The document, filed on August 31, 2021, includes a list of parties served with the application, including Pacific Gas and Electric Company, San Diego Gas & Electric Company, and The Utility Reform Network.
  • The application is subject to the CPUC's rules and regulations, which require the company to demonstrate the need for the recovery bonds.
  • The recovery bonds are intended to recover costs associated with SCE's previous investments in infrastructure and grid upgrades.
  • The application has been assigned to ALJ Jason Jungreis and ALJ Christine Powell for review.

Statistics:

  • The total cost of the recovery bonds sought by SCE is $[X] million.
  • The application covers costs incurred by SCE from [X] to [X].
  • The CPUC has 120 days to review and act on the application.

Sources:

  • Compliance Filing: BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA Second Application of Southern California Edison Company (U 338-E) for Authority to Issue Recovery Bonds for Certain Costs and Expenses Pursuant to Public Utilities Code Section 850 et seq. A.21-06-016
  • CPUC Service Lists: A2106016 - EDISON - FOR AUTHORI
  • CPUC - Service Lists - A2106016 Page 2 of 4 https://ia.cpuc.ca.gov/servicelists/A2106016_89277.htm 8/31/2021