California Public Utilities Commission | State of California Awards Financial Services Contract to California Department of Water Resources (July 2026)
California Public Utilities Commission | State of CaliforniaState · San Francisco, CA- Disclosed value
- up to an aggregate total of $1.4 billion
- From report
- Approved
- Jul 31, 2026
The 30-second brief
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.
California Department of Water Resources holds this financial services contract with California Public Utilities Commission | State of California. Its other public contracts on record include work for Metropolitan Water Dist Of Southern California.
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Contract details
- Contract type
- Financial Services
- Amount
- up to an aggregate total of $1.4 billion
- Document date
- July 31, 2026
- Source document
- California Public Utilities Commission Proposed Decision Regarding PG&E's Request for a Limited Capital Structure Adjustment 2026-07-31 (Report)
California Department of Water Resources's other public contracts
More California Public Utilities Commission | State of California contracts
Questions about this contract
Who was awarded the financial services contract by California Public Utilities Commission | State of California?
California Department of Water Resources was awarded this financial services contract by California Public Utilities Commission | State of California, 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 | State of California worth?
The California Department of Water Resources contract with California Public Utilities Commission | State of California 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 | State of California. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is California Public Utilities Commission | State of California currently buying?
Explore California Public Utilities Commission | State of California's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.