The GCIM shareholder reward or penalty is determined monthly and rolled into rates monthly via the core monthly gas pricing advice letter (with a lag of several months). The monthly GCIM shareholder reward/penalty is subject to later adjustment based on the ORA Report. This later adjustment, if any, is rolled into the next core monthly gas pricing advice letter. To hedge against winter price spikes and supply constraints, the GCIM includes gas storage inventory targets. There is no financial reward or penalty associated with the storage targets. Pursuant to D.06-10-029, a storage target of 49 billion cubic feet (Bcf) was established for July 31, 2006. D.06-10-029 also stated that for years beyond 2006, SoCalGas will obtain agreement from ORA and The Utility Reform Network (TURN) for mid-season core-purchased inventory targets that must be met unless otherwise agreed to by ORA and TURN. Each agreed upon mid-season core-purchased inventory target must be reflected in SoCalGas’s GCIM tariff. SoCalGas reports that its ability to meet storage inventory targets during Year 23 was hindered by the unavailability of most of the storage capacity at its Aliso Canyon Storage Field (Aliso Canyon). In particular, prior to the Aliso Canyon gas leak, SoCalGas’s four storage fields (Honor Rancho, La Goleta, Playa del Rey, and Aliso Canyon) had a combined storage capacity of 138.1 Bcf. Pursuant to D.1606039, the 138.1 Bcf was allocated as follows: 83.0 Bcf to core (including 3 Bcf for Core Aggregation Transportation, or CAT, customers); 47.1 Bcf to unbundled storage (i.e., noncore); and 8.0 Bcf to the load balancing function. Following the Aliso Canyon gas leak, SoCalGas states that it was subject to a series of orders during GCIM Year 23 to maintain a minimum Aliso Canyon inventory of approximately 15 Bcf. There was also a moratorium on injecting gas
The GCIM shareholder reward or penalty is determined monthly and rolled into rates monthly via the core monthly gas pricing advice letter (with a lag of several months). The monthly GCIM shareholder reward/penalty is subject to later adjustment based on the ORA Report. This later adjustment, if any, is rolled into the next core monthly gas pricing advice letter. To hedge against winter price spikes and supply constraints, the GCIM includes gas storage inventory targets. There is no financial reward or penalty associated with the storage targets. Pursuant to D.06-10-029, a storage target of 49 billion cubic feet (Bcf) was established for July 31, 2006. D.06-10-029 also stated that for years beyond 2006, SoCalGas will obtain agreement from ORA and The Utility Reform Network (TURN) for mid-season core-purchased inventory targets that must be met unless otherwise agreed to by ORA and TURN. Each agreed upon mid-season core-purchased inventory target must be reflected in SoCalGas’s GCIM tariff. SoCalGas reports that its ability to meet storage inventory targets during Year 23 was hindered by the unavailability of most of the storage capacity at its Aliso Canyon Storage Field (Aliso Canyon). In particular, prior to the Aliso Canyon gas leak, SoCalGas’s four storage fields (Honor Rancho, La Goleta, Playa del Rey, and Aliso Canyon) had a combined storage capacity of 138.1 Bcf. Pursuant to D.1606039, the 138.1 Bcf was allocated as follows: 83.0 Bcf to core (including 3 Bcf for Core Aggregation Transportation, or CAT, customers); 47.1 Bcf to unbundled storage (i.e., noncore); and 8.0 Bcf to the load balancing function. Following the Aliso Canyon gas leak, SoCalGas states that it was subject to a series of orders during GCIM Year 23 to maintain a minimum Aliso Canyon inventory of approximately 15 Bcf. There was also a moratorium on injecting gas
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