Regulatory Updates

California Public Utilities Commission Issues Decision on Central Procurement

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

ferc compliance 800
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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