CPUC PD/APD would grant PG&E 2023 GRC revenue well below request

PG&E Corp

PD authorizes $13.82B for 2023 vs. $15.41B requested; APD $13.31B. Gap widens in out-years.
2024-2026 PD revenue: $14.47B, $14.73B, $14.85B; APD lower at $14.02B, $14.32B, $14.49B.
PD funds 200 mi underground, 1,800 mi covered conductor; APD 973 mi underground, 1,027 mi covered. Company sought 2,000 mi underground.
PD rate base: $47.3B (2023) to $54.6B (2026); APD: $46.2B to $53.5B, each subject to ~$1B pending reasonableness review.
CPUC vote possible Nov 2, 2023; comments due Oct 3, replies Oct 9.

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