SDGE still hopeful it will screw you
But annual report says if it can't, it will record a charge
On December 20, the California Public Utilities Commission (CPUC) turned down an attempt by San Diego Gas & Electric (SDGE) to get ratepayers to cough up for uninsured costs of the 2007 fire, for which the utility was found responsible. Former Commissioner Alan Simon had tried a slick maneuver to bury a decision favorable to SDGE, but it was discovered, and the other commissioners wouldn't go along. Long time CPUC watchers were skeptical; they said SDGE and CPUC would sneak it through when the public was't looking. Today (Feb. 27) SDGE's parent, Sempra Energy, filed its annual report with the Securities and Exchange Commission. SDGE states it believes it is "probable" that it will stick ratepayers with a portion of the costs for the uninsured fire costs. However, in this filing, the utility hedges: it says that if it decides it can't get ratepayers to pick up the tab, it will have to take a charge for those costs.