WEDNESDAY AGGREGATE: New ACC Values Could Hit Electrification; SoCalGas Rates Fall

Wednesday’s CPUC aggregate leads with a new Avoided Cost Calculator update, which could trim the calculated benefits of building electrification by applying the electric sector’s greenhouse-gas value to both electric and gas measures. The PD also updates how the CPUC values generation capacity and transmission benefits as California’s grid becomes more electrified and renewable-heavy.

Elsewhere, California’s four large IOUs are making their case against a risk-neutral approach to catastrophic events, while new spending data show SoCalGas capital expenditures running 25% above an imputed CPUC benchmark.

Meanwhile, SoCalGas is removing $300.5 million from rates as recovery tied to its delayed 2024 General Rate Case ends. And a new PD would make PG&E’s eventual 2027 GRC revenue requirement effective January 1, even though a decision is not expected until May.

SoCalGas’ filing includes a 0.5% BTS rate decrease, effective August 1.