Deep Dive: The Sempra IOUs' $5 Billion Post-Test-Year Ratemaking Gambit
On January 16, multiple parties responded to a petition for modification filed by SoCalGas/SDG&E (the Sempra Utilities) seeking changes to the post-Test-Year ratemaking mechanism adopted by the CPUC in a 2024 decision, D.24-12-074. (See CRI's coverage of the Sempra Utilities' petition here).
MC
The Sempra Utilities claim the adopted mechanism leaves approximately $5 billion in capital-related revenue requirements unfunded over the 2025–2027 post-Test-Year period.
Opposing parties (Indicated Shippers/Environmental Defense Fund, TURN/Southern California Generation Coalition, Cal Advocates, and the Protect Our Communities Foundation) argue that the petition is procedurally improper and substantively deficient. They contend that SoCalGas/SDG&E are attempting to relitigate issues that were expressly resolved in the underlying General Rate Case, and the petition functions as an untimely application for rehearing rather than a legitimate request for modification.