SDG&E over-collection means $124M refund for customers - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

SDG&E over-collection means $124M refund for customers

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San Diego Gas & Electric customers will get a $124 million refund in the form of a credit on their electric bills as a result of an over-collection, a state utility regulatory agency announced today.

SDG&E requested the California Public Utilities Commission approve the refund after it determined it over-collected through its Energy Resource Recovery Account.

The refund will be the form of a one-time credit on electric bills issued on or after Oct. 1, according to the CPUC.

CPUC President Michael R. Peevey said about 60 percent of SDG&E's residential customers will get a credit on their bills that range from a few dollars to a few hundred dollars.

Of the customers receiving a credit, about half will receive $35 or more, with the average credit per customer of about $71, according to the CPUC.

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