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TOWARD UTILITY RATE NORMALIZATION v. PUBLIC UTIL. COM.

Docket No. S.F. 25017.

44 Cal.3d 870 (1988)

751 P.2d 787

245 Cal. Rptr. 8

TOWARD UTILITY RATE NORMALIZATION, Petitioner, v. PUBLIC UTILITIES COMMISSION, Respondent; PACIFIC GAS AND ELECTRIC COMPANY, Real Party in Interest.

Supreme Court of California.

March 21, 1988.

Attorney(s) appearing for the Case

COUNSEL

Preston Moore, Jonathan V. Holtzman, Thomas C. Vinje, Lee Kyriacou, Thomas J. Long and Morrison & Foerster for Petitioner.

Patrick J. Power as Amicus Curiae on behalf of Petitioner.

Janice E. Kerr, Hector Anninos, Suzanne Engelberg and Timothy E. Treacy for Respondent.

Howard V. Golub, Robert Ohlbach and Peter W. Hanschen for Real Party in Interest.

OPINION

KAUFMAN, J.

This proceeding raises a narrow but important issue concerning the rates the Public Utilities Commission (commission) may allow an electric utility company to charge its customers between the time the utility commences operation of a major new power plant and the commission's final determination of what part of the utility's investment in the plant should be recognized as reasonable and prudent for ratemaking purposes...

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