San Diego Gas and Electric GRC Proceeding (Phase I)

In this application, SDG&E is requesting Commission authority to update its electric and gas revenue requirement for Test Year 2024.  SDG&E also requests revenue increases for 2025 to 2027.  Specifically, SDG&E requests that the Commission authorize a combined $2.995 billion revenue requirement ($664 million for gas and $2.332 billion for electric) to be effective January 1, 2024.  If approved, this revenue requirement would be an increase of $462 million over the as-expected authorized 2023 authorized revenue requirement, or an 18% increase.