PacifiCorp, must participate in a CapandTrade program designed by the California Air Resources Board (ARB) to reduce Greenhouse gas (GHG) emissions. The state allocates GHG allowances to these electric utilities on behalf of ratepayers. The utilities are required to sell the allowances at ARB’s quarterly auctions and return the allowance proceeds to customers pursuant to Public Utilities (Pub. Util.) Code Section 748.5. The utilities also incur GHG costs both by purchasing allowances for their own compliance obligation under the CapandTrade Program and, indirectly, through GHG costs embedded in the price of wholesale electricity. Rulemaking (R.) 1103012 addressed GHGrelated costs and allowance proceeds for all investorowned electric utilities, including PacifiCorp. D.1212033 in R.1103012 required PacifiCorp to file an annual application for approval of forecast GHG costs and allowance proceeds, including administrative and outreach costs, in order to calculate GHG costs, the volumetric small business Climate Credit, and the residential Climate Credit for inclusion in rates. D.1410033, as corrected by D.1410055 and D.1501024, adopted standard procedures for the five electric utilities to use in future applications forecasting GHG costs and allowance proceeds for inclusion in rates and reconciling recorded GHG costs and allowance proceeds amounts with forecasts from prior years. D.1410033 requires PacifiCorp to file its GHG forecast and reconciliation application annually, and if applicable, as part of its ECAC application. 1.2. Summary of PacifiCorp’s 2019 ECAC Application PacifiCorp requests approval to increase its current ECAC Balancing Rate and decrease its current ECAC Offset Rate. PacifiCorp also requests to update both the surcharge that recovers the costs for the procurement of GHG allowances for its retail compliance obligation under California’s CapandTrade
PacifiCorp, must participate in a CapandTrade program designed by the California Air Resources Board (ARB) to reduce Greenhouse gas (GHG) emissions. The state allocates GHG allowances to these electric utilities on behalf of ratepayers. The utilities are required to sell the allowances at ARB’s quarterly auctions and return the allowance proceeds to customers pursuant to Public Utilities (Pub. Util.) Code Section 748.5. The utilities also incur GHG costs both by purchasing allowances for their own compliance obligation under the CapandTrade Program and, indirectly, through GHG costs embedded in the price of wholesale electricity. Rulemaking (R.) 1103012 addressed GHGrelated costs and allowance proceeds for all investorowned electric utilities, including PacifiCorp. D.1212033 in R.1103012 required PacifiCorp to file an annual application for approval of forecast GHG costs and allowance proceeds, including administrative and outreach costs, in order to calculate GHG costs, the volumetric small business Climate Credit, and the residential Climate Credit for inclusion in rates. D.1410033, as corrected by D.1410055 and D.1501024, adopted standard procedures for the five electric utilities to use in future applications forecasting GHG costs and allowance proceeds for inclusion in rates and reconciling recorded GHG costs and allowance proceeds amounts with forecasts from prior years. D.1410033 requires PacifiCorp to file its GHG forecast and reconciliation application annually, and if applicable, as part of its ECAC application. 1.2. Summary of PacifiCorp’s 2019 ECAC Application PacifiCorp requests approval to increase its current ECAC Balancing Rate and decrease its current ECAC Offset Rate. PacifiCorp also requests to update both the surcharge that recovers the costs for the procurement of GHG allowances for its retail compliance obligation under California’s CapandTrade
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