Southern California Edison Files with FERC to Increase Return on Equity
April 11 2019 - 10:01AM
Dow Jones News
By Michael Dabaie
Edison International's (EIX) Southern California Edison Thursday
filed a request with the Federal Energy Regulatory Commission to
include an adjustment for the company's wildfire risk in the
authorized return on equity for the portion of its business
regulated by FERC.
SCE cited "dramatic, material changes" to its regulatory and
financial conditions. The extraordinary risk stems from uncertainty
about state policies for cost recovery and liability resulting from
California wildfires in recent years, the company said.
The company's overall request is for a ROE of 17.12%.
The company estimated the average residential customer would see
an increase of about $2.20 per month on the FERC-regulated portion
of their SCE bill if the request is approved.
FERC has jurisdiction over SCE transmission equipment that is
under the operational control of the California Independent System
Operator and must authorize all rates related to the use of these
assets, which comprise about 20% of the company's rate base.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
April 11, 2019 09:46 ET (13:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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