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Archives: 2013-14 Legislative Session

Comparison Of Positions On Unrecovered Costs For PG&E

COMPARISON OF POSITIONS ON UNRECOVERED COSTS FOR PG&E

 

The table below presents a comparison of the positions of Pacific Gas and Electric ("PG&E") and the Office of Ratepayer Advocates ("ORA") on total unrecovered costs at the end of 2003. This table was submitted by ORA and PG&E as a joint exhibit in the CPUC bankruptcy proceeding (Exhibit 184).
 

Pre-Tax Costs in $MM
Line # PG&E’s Unrecovered Costs PG&E ORA
1 Balancing Account Uncollected Costs at 12/31/00 6,952 6,952
2 Adjustment for URG net Plant (1,610) (1,610)
3 Increased 2001 Return and Taxes on Retained Generation Plant 387 - 0 -
4 Incremental Interest Expense 1,287 - 0 -
5 Foregone Tax Benefits 133 - 0 -
6 Bankruptcy Litigation Costs 444 - 0 -
7 Corp Gas Hedge Contract Termination (16) - 0 -
8 Corp Gas Hedge Contract Termination 112 - 0 -
9 2001 Headroom (780) (547)
10 2002 Headroom (2,368) (3,131)
11 Settlement Headroom for 2003 (875) (875)
12      
13 Total Pre-Tax Unrecovered Costs at 12/31/03 3,666 789

After-Tax Unrecovered Costs: $2.2 Billion $475 Million