Park Water Company GRC

Background

Every three years, Park Water Company may file an application with the CPUC requesting to increase customer rates for water service. On January 3, 2012, Park Water Company’s Central Basin Division submitted its proposal to the CPUC requesting authorization to increase rates charged for water service by:

• $6,491,200 (26.16 %) in 2013 
• $1,182,595 (3.77%) in 2014
• $1,801,937 (5.53%) in 2015 

DRA's Policy Position

On May 2, 2012, DRA issued its testimony report for Park Water Company’s general rate case.  DRA’s report recommends a smaller revenue increase of $4.53 million or 18.3%, comprised of the following key items:

• Total Operating Revenues of $29.34 million vs. Park’s $31.3 million 
• Operation and Maintenance expenses of $13.84 million vs. Park’s $14.24 million 
• Administrative and General expenses of $7.89 million vs. Park’s $8.12 million 
• Depreciation & Amortization expenses of $1.82 million vs. Park’s $2.24 million 
• State and Federal Income Taxes of $2.42 million vs. Park’s $2.95 million  
• Plant additions of $7.27 million vs. Park’s $10.3 million in 2013 
• Plant additions of $5.22 million vs. Park’s $11.24 million in 2014 

DRA negotiated a reduced revenue requirement of the requested increase from 26.16% to 21.01%, which it filed with the CPUC jointly with Park Water Company.

Current Proceeding Status

A CPUC proposed decision is expected in late 2012 or early 2013.

See the proceeding docket.