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PG&E proposes changing accounting policy to capitalize prepaid three‑year cloud contracts
Summary
PG&E’s shared services exhibit asks the CPUC to allow capitalization of prepaid multiyear third‑party cloud computing agreements as capital investments rather than operating expense. Company witnesses said some cloud costs are already capitalized when part of capital implementations.
PG&E’s Shared Services and IT exhibit (Exhibit 7) includes a proposed policy change to allow capitalization of prepaid three‑year third‑party cloud computing agreements. Jerry Cajas (shared services case manager) and other presenters explained the company currently capitalizes cloud costs when they…
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