Regulatory Updates

California Public Utilities Commission Issues Decision on Central Procurement

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On June 11, 2020, the California Public Utilities Commission (“CPUC”) adopted a final Decision regarding a central procurement framework for the CPUC-jurisdictional Load-Serving Entities’ (“LSEs”) multi-year local Resource Adequacy (“RA”) requirements. This Decision impacts the procurement authority of many California LSEs and will affect the costs of meeting RA requirements.

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PG&E Bankruptcy Timeline

Below, please find DWGP's timeline tracking Docket Numbers 19-30088 and 19-30089 at the United States Bankruptcy Court of Northern District of California:  

  • 6/20/20: Judge Dennis Montali issued an Order Confirming Debtors’ And Shareholder Proponents’ Joint Chapter 11 Plan Of Reorganization Dated June 19, 2020
  • 6/17/20: Judge Dennis Montali issued a Memorandum Decision – Confirmation Of Debtors’ And Shareholder Proponents’ Joint Chapter 11 Plan Of Reorganization
  • 5/28/20:  Decision Approving Reorganization Plan, California Public Utilities Commission, D.20-05-053
  • 1/30/2020: Judge Dennis Montali issued Order Authorizing PG&E to settle claims with Tubbs Fire Preference Claimants 

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FERC Further Revises Return on Equity Methodology and Issues Policy Statement

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On May 21, 2020, the Federal Energy Regulatory Commission (“FERC”) issued an Order on Rehearing of Opinion No. 569 (“Opinion No. 569-A”), again revising its methodology for determining whether a base Return on Equity (“ROE”) for a jurisdictional electric public utility is unjust and unreasonable, and if so, determining a just and reasonable replacement ROE under Federal Power Act (“FPA”) § 206. In the context of the Midcontinent Independent System Operator, Inc. (“MISO”) transmission owners’ complaint proceedings, Opinion No. 569-A revises the ROE methodology to:

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