MONDAY AGGREGATE: PG&E GRC Judges Challenge Forecasts, Capitalization, Undergrounding Costs

Today's briefing covers the following matters.

• PG&E GENERAL RATE CASE: In a new ruling, CPUC judges tell PG&E to show its math. They note potential problems in cost forecasts, spending assumptions, and accounting treatment, and are forcing the utility to defend its calculations before hearings.
• NATURAL GAS SAFETY: More safety oversight is coming for utilities and storage operators, and companies that get organized now may face fewer mandates later.
• SDG&E ERRA COMPLIANCE: SDG&E is trying to recover leftover costs from a renewable energy program that did not work out as planned. There is a dispute on who should pay those costs: all customers, former participants in the program, shareholders, or someone else.