CPUC Launches Reform of Utilities' Gas, Electric Rate-Setting Process 

Source: Bakersfield.com |By John Cox

Work began this month on a regulatory process intended to boost affordability, accountability and transparency in the way California’s investor-owned gas and electric utilities apply for permission to raise their rates.  

Executive Director Mark Toney of Oakland-based The Utility Reform Network said by email he was encouraged the CPUC’s new chairman, John Reynolds, is looking at potential improvements such as requiring utilities to include more information in their rate-case applications. “TURN is urging the commission to protect ratepayers and hold utilities accountable to spending within their budgets to provide safe, clean, affordable energy by requiring utilities to: Aspire to limit (general rate case) spending to as close to inflation as possible, rein in overspending in accounts outside of the GRC, and auditing actual shareholder returns versus authorized returns,” Toney wrote.

 
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