| D.97-09-057 Date Signed: 09/03/97 Date Effective: 09/03/97 Date Mailed: 09/05/97 |
Approves the application of SDG&E for a financing order pursuant to Public Utilities (PU) Code Section 841(a) . SDG&E may recover an aggregate total principal amount of $800 million in transition costs through fixed transition amounts (FTA), to the extent of the sum of the principal amount of (i) related rate reduction bonds, issued by a financing entity, and (ii) the transition property pledged as over- collateralization for the issuance of such rate reduction bonds. SDG&E may sell and assign all or portions of its interest in transition property arising from or constituting the FTA that are the subject of this financing order to one or more affiliates of SDG&E. The initial FTA charges for such transition property shall be filed with the Commission in advice letters. SDG&E is authorized to implement the rate collection methods described in the application to ensure that the FTA charges are non-bypassable. SDG&E, or a successor, on behalf of the related financing entity is authorized to file routine, non-routine, and statutorily required FTA charge adjustments, which shall continue until all payments of principal and interest to which the holders of the related rate reduction bonds are entitled have been paid in full. To the extent that rate reduction bonds have been issued, beginning January 1, 1998, SDG&E shall reduce the rates to eligible residential and small commercial customers. This financing order shall be void and of no force or effect if SDG&E does not file its written consent to all terms and conditions of this financing order on or prior to November 3, 1997. Application 97-05- 022 is closed effective at the close of business on November 3, 1997 or upon filing of SDG&E of its consent to the terms and conditions of this financing order, whichever first occurs. |
| D.97-09-056 Date Signed: 09/03/97 Date Effective: 09/03/97 Date Mailed: 09/08/97 |
Approves the application of Edison for a financing order pursuant to Public Utilities (PU) Code Section 841(a). Edison may recover an aggregate total principal amount of $3.0 billion in transition costs through fixed transition amounts (FTA), to the extent of the sum of the principal amount of (i) related rate reduction bonds, issued by a financing entity, and (ii) the transition property pledged as over- collateralization for the issuance of such rate reduction bonds. Edison may sell and assign all or portions of its interest in transition property arising from or constituting the FTA that are the subject of this financing order to one or more affiliates of Edison. The initial FTA charges for such transition property shall be filed with the Commission in advice letters. Edison is authorized to implement the rate collection methods described in the application to ensure that the FTA charges are nonbypassable. Edison, or a successor, on behalf of the related financing entity is authorized to file routine, non-routine, and statutorily required FTA charge adjustments, which shall continue until all payments property arising from or constituting the FTA that are the subject of this financing order to one or more affiliates of Edison. The initial FTA charges for such transition property shall be filed with the Commission in advice letters. Edison is authorized to implement the rate collection methods described in the application to ensure that the FTA charges are nonbypassable. Edison, or a successor, on behalf of the related financing entity is authorized to file routine, non-routine, and statutorily required FTA charge adjustments, which shall continue until all payments of principal and interest to which the holders of the related rate reduction bonds are entitled have been paid in full. To the extent that rate reduction bonds have been issued, beginning January 1, 1998, Edison shall reduce the rates to eligible residential and small commercial customers. This financing order shall be void and of no force or effect if Edison does not file its written consent to all terms and conditions of this financing order on or prior to November 3, 1997. A97-05-018 is closed effective at the close of business on November 3, 1997 or upon filing of Edison of its consent to the terms and conditions of this financing order, whichever first occurs. |
| D.97-09-055 Date Signed: 09/03/97 Date Effective: 09/03/97 Date Mailed: 09/08/97 |
Approves the application of PG&E for a financing order pursuant to Public Utilities (PU) Code Section 841(a). PG&E may recover an aggregate total principal amount of $3.5 billion in transition costs through fixed transition amounts (FTA), to the extent of the sum of the principal amount of (i) related rate reduction bonds, issued by a financing entity, and (ii) the transition property pledged as over-collateralization for the issuance of such rate reduction bonds. PG&E may sell and assign all or portions of its interest in transition property arising from or constituting the FTA that are the subject of this financing order to one or more affiliates of PG&E. The initial FTA charges for such transition property shall be filed with the Commission in advice letters. PG&E is authorized to implement the rate collection methods described in the application to ensure that the FTA charges are nonbypassable. PG&E, or a successor, on behalf of the related financing entity is authorized to file routine, non-routine, and statutorily required FTA charge adjustments, which shall continue until all payments of principal and interest to which the holders of the related rate reduction bonds are entitled have been paid in full. To the extent that rate reduction bonds have been issued, beginning January 1, 1998, PG&E shall reduce the rates to eligible residential and small commercial customers. This financing order shall be void and of no force or effect if PG&E does not file its written consent to all terms and conditions of this financing order on or prior to November 3, 1997. A97-05-006 is closed effective at the 'close of business on November 3, 1997 or upon filing of PG&E of its consent to the terms and conditions of this financing order, whichever first occurs. |
| D.97-09-054 Date Signed: 09/03/97 Date Effective: 09/03/97 Date Mailed: 09/11/97 |
Interim Order - The separate applications of PG&E, Southern California Edison Company, and San Diego Gas & Electric Company, collectively, the Applicants, for financing orders, as required by PU Code Section 841(a), present identical legal issues, and the Commission will find, in separate financing orders for each of the Applicants, that the designation of fixed transition amounts as requested by each of the Applicants, and issuance of rate reduction bonds in connection with some or all of the fixed transition amounts would reduce rates that residential and small commercial customers would have paid if the related financing order were not adopted. |