California Public Utilities Commission

08/17/2018 | Press release | Distributed by Public on 08/17/2018 16:41

CPUC to Hold Public Forum on Great Oaks Water's Cost of Capital Request

California Public Utilities Commission

505 Van Ness Ave., San Francisco

_________________________________________________________________________________

FOR IMMEDIATE RELEASE

Media Contact: Terrie Prosper, 415.703.1366, [email protected]MEDIA ADVISORY Docket #: A.18-05-001

CPUC TO HOLD PUBLIC FORUM ON

GREAT OAKS WATER'S COST OF CAPITAL REQUEST

SAN FRANCISCO, August 17, 2018 - The California Public Utilities Commission (CPUC) will hold a public forum for customers of Great Oaks Water Company to give their perspective and input to the CPUC about the utility's request to decrease its Cost of Capital, as follows:

WHEN: Monday, August 27, 2018, 6 p.m.

WHERE: San Jose State University, Dr. Martin Luther King Library, Room 225, 150 E. San Fernando Street, San Jose, CA 95112

The CPUC welcomes attendance at this public forum (called a Public Participation Hearing), as public comments help the CPUC reach an informed decision.

On May 1, 2018, Great Oaks submitted an application requesting CPUC approval to decrease its rate of return from 9.10 percent to 8.80 percent for three years beginning July 1, 2019. Overall, the proposed changes to the cost of capital would decrease Great Oaks' total revenues by $44,008 (-0.23 percent) effective July 1, 2019. If the application is approved, Great Oaks customers would see a decrease of 0.24 percent annually from 2019 to 2022. See Great Oaks' customer notice at www.cpuc.ca.gov/PPH.

Great Oaks provides water services to the Almaden Valley, Blossom Valley, Coyote Valley, Edenvale, and Santa Teresa areas in San Jose. It serves approximately 20,000 customers.

A CPUC Administrative Law Judge will preside at the public forum to listen to customer concerns, comments, and opinions on the proposed application. After considering all proposals and all evidence that may be presented during the formal hearing process, the Administrative Law Judge will issue a proposal for the CPUC's Commissioners to consider recommending whether to adopt Great Oaks' request, modify it, or deny it. Any of the five CPUC Commissioners may sponsor an alternate proposal. The proposal and any alternate proposals will be discussed and voted on at a CPUC Voting Meeting.

While a quorum of Commissioners and/or their staff may attend, no official action will be taken on Great Oaks' application at the public forum.

For those unable to attend in person, written comments may be submitted to: CPUC Public Advisor, 505 Van Ness Ave., San Francisco, CA 94102, or via email to [email protected].Please refer to proceeding number A.18-05-001 on any written or email correspondence about this proceeding. All public comments received are provided to the CPUC's Commissioners and the Administrative Law Judge assigned to the case.

Documents related to the proceeding are available at: https://apps.cpuc.ca.gov/apex/f?p=401:56:0::NO:RP,57,RIR:P5_PROCEEDING_SELECT:A1805001.

If specialized accommodations are needed to attend, such as non-English language interpreters, please contact the CPUC's Public Advisor's Office at [email protected] or toll free at 866-849-8390 at least five business days in advance of the hearing.

For more information on Public Participation Hearings, please see www.cpuc.ca.gov/PPH.

To receive electronic updates on CPUC proceedings, sign-up for the CPUC's free subscription service at http://subscribecpuc.cpuc.ca.gov.

The CPUC regulates services and utilities, protects consumers, safeguards the environment, and assures Californians' access to safe and reliable utility infrastructure and services. For more information on the CPUC, please visit www.cpuc.ca.gov.

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