In Pacific Gas & Electric\u2019s triennial general rate case, a California Public Utilities Commission administrative law judge\u2019s proposed decision allows old analog meters that are replaced by digital ones to continue getting a rate of return on the un-amortized part of the investment of 5.73 percent over six years. A rival proposal, by CPUC president Mike Peevey, allows a six-year amortization of the old meters at a rate of 7.42 percent. He stated that amount reflects \u201creduced regulatory risk\u201d for the unused meters. Pacific Gas & Electric requested that the traditional return on capital investment be maintained. That return can be as high as 11.35 percent. The Utility Reform Network advocated denying any rate of return because the equipment is no longer \u201cused and useful\u201d as required by regulatory precedent. For instance, if a capitalized asset like the Humboldt Bay nuclear power plant is shut down before the end of its amortization, that plant is taken out of rates because it is no longer operating and, therefore, not \u201cused and useful.\u201d Bob Finkelstein, TURN legal director, stated allowing the rate of return on replaced analog meters allows profiting \u201con what virtually amounts to PG&E\u2019s garbage.\u201d All the state\u2019s investor-owned utilities responded that the \u201cused and useful\u201d precedent is not absolute, according to CPUC documents. Most of the other issues under the pending rate case are a part of a settlement. The settlement allows an 8 percent increase in revenue for this year. That includes an increase for $400 million on the electric side and $47 million for gas distribution. PG&E originally asked for an increase of 18.6 percent. The commission could vote on the general rate case in May.