Regulatory
Update
APRIL 1, 2022
Agenda Item: 6
Page 1 ends
Regulatory Highlights
• NEM 3.0
• Oral argument cancelled
• Vote on proposed decision postponed
• We are awaiting further action by the Commission
• PG&E 2022 Energy Resource Recovery Account (ERRA) Forecast & Power Charge Indifference Adjustment (PCIA)
• New bundled generation rates and PCIA rates went into effect March 1, 2022 • The bundled generation rate for PG&E customers increased substantially (~30%) • The PCIA decreased substantially (~40%)
• This offsets some of the effects of forecast misses in 2021 Agenda Item: 6
Page 2 ends