PG&E Sale of the Merced Falls Hydroelectric Project
April 1, 2015, PG&E filed an Application
with the CPUC requesting CPUC approval of the proposed sale of its 10MW Merced
Falls Hydroelectric Project to the Merced Irrigation District (MID). PG&E's
proposal would allocate $5.5 million of the net loss on the sale to its
customers and only $4,053 of those costs to its shareholders.
December 22, 2015, the CPUC issued a Ruling
setting the Scope and Schedule for the proceeding.
CPUC will hold an evidentiary hearing in the matter beginning March 9, 2016.
does not oppose the sale of Merced Falls to the Merced Irrigation District,
however, the loss on sale should be shared about equally between ratepayers and
would be responsible for $2.7 million.
shareholders would be responsible for $2.8 million.
recommends that ratepayers should not be required to pay the costs to relicense
Merced Falls at the Federal Energy Regulatory Commission.
ORA's January 22, 2016 Testimony
with its full analysis of PG&E's request.
ORA's May 4, 2015 Protest.
See the CPUC's record of the case in the Proceeding
you can subscribe to updates in the case.