FINANCIAL_SERVICESAPPROVED

California Public Utilities Commission Awards Financial Services Contract to California Department of Water Resources (July 2026)

The California Department of Water Resources’ interest-free, forgivable loan of up to $1.4 billion to PG&E for Diablo Canyon operations is formally excluded from PG&E’s regulatory capital structure by CPUC. This preserves the loan’s role as a special-purpose financing tool without imposing traditional debt obligations on PG&E’s rate base.

Status
APPROVED
Document date
July 31, 2026
Contract type
FINANCIAL_SERVICES
Vendor
California Department of Water Resources
Agency
California Public Utilities Commission · CA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
up to an aggregate total of $1.4 billion
Contract type
FINANCIAL_SERVICES
Renewal
Loan is performance-based and largely forgivable; CPUC requires PG&E to report on the status of DWR loan forgiveness and its impact on capital structure in the next cost-of-capital proceeding.
Document type
Report
Source document
California Public Utilities Commission Proposed Decision Regarding PG&E's Request for a Limited Capital Structure Adjustment 2026-07-31

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Public Utilities Commission?

California Department of Water Resources was awarded this financial services contract by California Public Utilities Commission, as recorded on July 31, 2026. The contract value is up to an aggregate total of $1.4 billion.

How much is the California Department of Water Resources contract with California Public Utilities Commission worth?

The California Department of Water Resources contract with California Public Utilities Commission is valued at up to an aggregate total of $1.4 billion, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in California Public Utilities Commission Proposed Decision Regarding PG&E's Request for a Limited Capital Structure Adjustment 2026-07-31 (Report), dated July 31, 2026 from California Public Utilities Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does California Department of Water Resources hold?

California Department of Water Resources may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View California Department of Water Resources's profile

What is California Public Utilities Commission currently buying?

Explore California Public Utilities Commission's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View California Public Utilities Commission's profile

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