{
  "schema_version": "1.1.0",
  "records": [
    {
      "id": "coverage-nj-rockland-electric-large-load",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "large_load_coverage_status",
      "metric_label": "Large Load Coverage Status",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "dedicated_tariff_effective",
      "boolean_value": null,
      "unit": null,
      "scope": "Rockland Electric large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-rockland-sc7-coverage"
    },
    {
      "id": "coverage-nj-rockland-electric-large-load-summary",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "large_load_coverage_summary",
      "metric_label": "Large Load Coverage Summary",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "Rockland Electric has an effective SC7 High Voltage Distribution option for qualifying large customers. The BPU originally approved it to serve a large data center, and the latest approved tariff retains the rate option.",
      "boolean_value": null,
      "unit": null,
      "scope": "Rockland Electric large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-rockland-sc7-coverage"
    },
    {
      "id": "coverage-pa-duquesne-light-large-load",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "large_load_coverage_status",
      "metric_label": "Large Load Coverage Status",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "large_load_process_published",
      "boolean_value": null,
      "unit": null,
      "scope": "Duquesne Light large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-duquesne-large-load-customer-growth"
    },
    {
      "id": "coverage-pa-duquesne-light-large-load-summary",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "large_load_coverage_summary",
      "metric_label": "Large Load Coverage Summary",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "Duquesne Light publishes a dedicated large-load application and study process. The reviewed page requires a 10-year load ramp and a $250,000 deposit, but it is not an approved large-load rate schedule.",
      "boolean_value": null,
      "unit": null,
      "scope": "Duquesne Light large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-duquesne-large-load-customer-growth"
    },
    {
      "id": "coverage-pa-firstenergy-pa-large-load",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-firstenergy-pa-electric",
      "metric_key": "large_load_coverage_status",
      "metric_label": "Large Load Coverage Status",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "general_tariff_only",
      "boolean_value": null,
      "unit": null,
      "scope": "FirstEnergy Pennsylvania large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-retail-tariff-large-load-coverage"
    },
    {
      "id": "coverage-pa-firstenergy-pa-large-load-summary",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-firstenergy-pa-electric",
      "metric_key": "large_load_coverage_summary",
      "metric_label": "Large Load Coverage Summary",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "The reviewed consolidated FirstEnergy Pennsylvania retail tariff covers the Met-Ed, Penelec, Penn Power, and West Penn Power rate districts. It does not identify a separate dedicated large-load or data-center schedule.",
      "boolean_value": null,
      "unit": null,
      "scope": "FirstEnergy Pennsylvania large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-retail-tariff-large-load-coverage"
    },
    {
      "id": "coverage-pa-firstenergy-pa-large-load-utility-met-ed",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-met-ed-electric",
      "metric_key": "large_load_coverage_status",
      "metric_label": "Large Load Coverage Status",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "general_tariff_only",
      "boolean_value": null,
      "unit": null,
      "scope": "FirstEnergy Pennsylvania large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-retail-tariff-large-load-coverage"
    },
    {
      "id": "coverage-pa-firstenergy-pa-large-load-utility-met-ed-summary",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-met-ed-electric",
      "metric_key": "large_load_coverage_summary",
      "metric_label": "Large Load Coverage Summary",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "The reviewed consolidated FirstEnergy Pennsylvania retail tariff covers the Met-Ed, Penelec, Penn Power, and West Penn Power rate districts. It does not identify a separate dedicated large-load or data-center schedule.",
      "boolean_value": null,
      "unit": null,
      "scope": "FirstEnergy Pennsylvania large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-retail-tariff-large-load-coverage"
    },
    {
      "id": "coverage-pa-firstenergy-pa-large-load-utility-penelec",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-penelec-electric",
      "metric_key": "large_load_coverage_status",
      "metric_label": "Large Load Coverage Status",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "general_tariff_only",
      "boolean_value": null,
      "unit": null,
      "scope": "FirstEnergy Pennsylvania large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-retail-tariff-large-load-coverage"
    },
    {
      "id": "coverage-pa-firstenergy-pa-large-load-utility-penelec-summary",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-penelec-electric",
      "metric_key": "large_load_coverage_summary",
      "metric_label": "Large Load Coverage Summary",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "The reviewed consolidated FirstEnergy Pennsylvania retail tariff covers the Met-Ed, Penelec, Penn Power, and West Penn Power rate districts. It does not identify a separate dedicated large-load or data-center schedule.",
      "boolean_value": null,
      "unit": null,
      "scope": "FirstEnergy Pennsylvania large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-retail-tariff-large-load-coverage"
    },
    {
      "id": "coverage-pa-firstenergy-pa-large-load-utility-penn-power",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-penn-power-electric",
      "metric_key": "large_load_coverage_status",
      "metric_label": "Large Load Coverage Status",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "general_tariff_only",
      "boolean_value": null,
      "unit": null,
      "scope": "FirstEnergy Pennsylvania large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-retail-tariff-large-load-coverage"
    },
    {
      "id": "coverage-pa-firstenergy-pa-large-load-utility-penn-power-summary",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-penn-power-electric",
      "metric_key": "large_load_coverage_summary",
      "metric_label": "Large Load Coverage Summary",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "The reviewed consolidated FirstEnergy Pennsylvania retail tariff covers the Met-Ed, Penelec, Penn Power, and West Penn Power rate districts. It does not identify a separate dedicated large-load or data-center schedule.",
      "boolean_value": null,
      "unit": null,
      "scope": "FirstEnergy Pennsylvania large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-retail-tariff-large-load-coverage"
    },
    {
      "id": "coverage-pa-firstenergy-pa-large-load-utility-west-penn-power",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-west-penn-power-electric",
      "metric_key": "large_load_coverage_status",
      "metric_label": "Large Load Coverage Status",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "general_tariff_only",
      "boolean_value": null,
      "unit": null,
      "scope": "FirstEnergy Pennsylvania large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-retail-tariff-large-load-coverage"
    },
    {
      "id": "coverage-pa-firstenergy-pa-large-load-utility-west-penn-power-summary",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-west-penn-power-electric",
      "metric_key": "large_load_coverage_summary",
      "metric_label": "Large Load Coverage Summary",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "The reviewed consolidated FirstEnergy Pennsylvania retail tariff covers the Met-Ed, Penelec, Penn Power, and West Penn Power rate districts. It does not identify a separate dedicated large-load or data-center schedule.",
      "boolean_value": null,
      "unit": null,
      "scope": "FirstEnergy Pennsylvania large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-retail-tariff-large-load-coverage"
    },
    {
      "id": "coverage-pa-peco-electric-large-load",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-peco-electric-electric",
      "metric_key": "large_load_coverage_status",
      "metric_label": "Large Load Coverage Status",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "general_tariff_only",
      "boolean_value": null,
      "unit": null,
      "scope": "PECO Electric large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-current-electric-tariff-large-load-coverage"
    },
    {
      "id": "coverage-pa-peco-electric-large-load-summary",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-peco-electric-electric",
      "metric_key": "large_load_coverage_summary",
      "metric_label": "Large Load Coverage Summary",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "The reviewed current PECO Electric Tariff No. 8 includes general commercial and industrial rate schedules. It does not identify a separate dedicated large-load or data-center schedule.",
      "boolean_value": null,
      "unit": null,
      "scope": "PECO Electric large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-current-electric-tariff-large-load-coverage"
    },
    {
      "id": "coverage-pa-ppl-electric-large-load",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "large_load_coverage_status",
      "metric_label": "Large Load Coverage Status",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "dedicated_tariff_effective",
      "boolean_value": null,
      "unit": null,
      "scope": "PPL Electric large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ppl-current-tariff-toc-large-load-coverage"
    },
    {
      "id": "coverage-pa-ppl-electric-large-load-summary",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "large_load_coverage_summary",
      "metric_label": "Large Load Coverage Summary",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "PPL Electric has an effective dedicated large-load schedule, Rate Schedule LP-6. Its reviewed eligibility and service terms are published separately in this tracker.",
      "boolean_value": null,
      "unit": null,
      "scope": "PPL Electric large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ppl-current-tariff-toc-large-load-coverage"
    },
    {
      "id": "coverage-pa-ugi-electric-large-load",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "large_load_coverage_status",
      "metric_label": "Large Load Coverage Status",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "commercial_load_intake",
      "boolean_value": null,
      "unit": null,
      "scope": "UGI Electric large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-commercial-industrial-load-request"
    },
    {
      "id": "coverage-pa-ugi-electric-large-load-summary",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "large_load_coverage_summary",
      "metric_label": "Large Load Coverage Summary",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": null,
      "text_value": "UGI publishes a commercial and industrial electric load-request form for evaluating customer requirements and utility facilities. The reviewed page is an intake process, not a dedicated large-load rate schedule.",
      "boolean_value": null,
      "unit": null,
      "scope": "UGI Electric large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-commercial-industrial-load-request"
    },
    {
      "id": "observation-action-mi-consumers-large-load-terms-credit_collateral",
      "proceeding_id": "action-mi-consumers-large-load-terms",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "large_load_credit_collateral",
      "metric_label": "Large Load Credit Collateral",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Default collateral equals 50% of the exit fee",
      "boolean_value": null,
      "unit": null,
      "scope": "Consumers Energy Rate GPD large-load provisions",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-consumers-annual-report"
    },
    {
      "id": "observation-action-mi-consumers-large-load-terms-eligibility_threshold",
      "proceeding_id": "action-mi-consumers-large-load-terms",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "large_load_eligibility_threshold",
      "metric_label": "Large Load Eligibility Threshold",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "100 MW individual or aggregate\n\nAggregation includes commonly owned sites of at least 20 MW within the utility's service territory.",
      "boolean_value": null,
      "unit": null,
      "scope": "Consumers Energy Rate GPD large-load provisions",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-consumers-u21859"
    },
    {
      "id": "observation-action-mi-consumers-large-load-terms-exit_fee",
      "proceeding_id": "action-mi-consumers-large-load-terms",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "large_load_exit_fee",
      "metric_label": "Large Load Exit Fee",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Remaining minimum bill plus system access charges\n\nThe tariff multiplies the applicable monthly minimum obligations by the months remaining in the contract term.",
      "boolean_value": null,
      "unit": null,
      "scope": "Consumers Energy Rate GPD large-load provisions",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-consumers-annual-report"
    },
    {
      "id": "observation-action-mi-consumers-large-load-terms-generation_resource_costs",
      "proceeding_id": "action-mi-consumers-large-load-terms",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "large_load_generation_resource_costs",
      "metric_label": "Large Load Generation Resource Costs",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Not identified in reviewed Consumers Energy sources",
      "boolean_value": null,
      "unit": null,
      "scope": "Consumers Energy Rate GPD large-load provisions",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-consumers-annual-report"
    },
    {
      "id": "observation-action-mi-consumers-large-load-terms-infrastructure_cost_responsibility",
      "proceeding_id": "action-mi-consumers-large-load-terms",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "large_load_infrastructure_cost_responsibility",
      "metric_label": "Large Load Infrastructure Cost Responsibility",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "$100,000 study fee reconciled to actual cost\n\nEach new large-load customer also requires a Commission filing to demonstrate that customer-caused costs are appropriately assigned.",
      "boolean_value": null,
      "unit": null,
      "scope": "Consumers Energy Rate GPD large-load provisions",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-consumers-annual-report"
    },
    {
      "id": "observation-action-mi-consumers-large-load-terms-minimum_contract_term",
      "proceeding_id": "action-mi-consumers-large-load-terms",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "large_load_minimum_contract_term",
      "metric_label": "Large Load Minimum Contract Term",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "15 years",
      "boolean_value": null,
      "unit": null,
      "scope": "Consumers Energy Rate GPD large-load provisions",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-consumers-u21859"
    },
    {
      "id": "observation-action-mi-consumers-large-load-terms-minimum_payment",
      "proceeding_id": "action-mi-consumers-large-load-terms",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "large_load_minimum_payment",
      "metric_label": "Large Load Minimum Payment",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "80% of contracted demand",
      "boolean_value": null,
      "unit": null,
      "scope": "Consumers Energy Rate GPD large-load provisions",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-consumers-u21859"
    },
    {
      "id": "observation-action-mi-dte-special-contracts-credit_collateral",
      "proceeding_id": "action-mi-dte-special-contracts",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "large_load_credit_collateral",
      "metric_label": "Large Load Credit Collateral",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Upfront collateral required · public summary does not quantify",
      "boolean_value": null,
      "unit": null,
      "scope": "DTE Electric 1,383 MW data-center special contracts",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": null,
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-consumer-protections"
    },
    {
      "id": "observation-action-mi-dte-special-contracts-eligibility_threshold",
      "proceeding_id": "action-mi-dte-special-contracts",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "large_load_eligibility_threshold",
      "metric_label": "Large Load Eligibility Threshold",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "1,383 MW project-specific load",
      "boolean_value": null,
      "unit": null,
      "scope": "DTE Electric 1,383 MW data-center special contracts",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": null,
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-dte-u21990"
    },
    {
      "id": "observation-action-mi-dte-special-contracts-exit_fee",
      "proceeding_id": "action-mi-dte-special-contracts",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "large_load_exit_fee",
      "metric_label": "Large Load Exit Fee",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Up to 10 years of minimum-demand charges",
      "boolean_value": null,
      "unit": null,
      "scope": "DTE Electric 1,383 MW data-center special contracts",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": null,
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-dte-u21990"
    },
    {
      "id": "observation-action-mi-dte-special-contracts-generation_resource_costs",
      "proceeding_id": "action-mi-dte-special-contracts",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "large_load_generation_resource_costs",
      "metric_label": "Large Load Generation Resource Costs",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Customer fully funds approximately 1,400 MW of storage",
      "boolean_value": null,
      "unit": null,
      "scope": "DTE Electric 1,383 MW data-center special contracts",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": null,
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-consumer-protections"
    },
    {
      "id": "observation-action-mi-dte-special-contracts-infrastructure_cost_responsibility",
      "proceeding_id": "action-mi-dte-special-contracts",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "large_load_infrastructure_cost_responsibility",
      "metric_label": "Large Load Infrastructure Cost Responsibility",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "DTE bears service costs it cannot recover from the customer",
      "boolean_value": null,
      "unit": null,
      "scope": "DTE Electric 1,383 MW data-center special contracts",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": null,
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-dte-u21990"
    },
    {
      "id": "observation-action-mi-dte-special-contracts-minimum_contract_term",
      "proceeding_id": "action-mi-dte-special-contracts",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "large_load_minimum_contract_term",
      "metric_label": "Large Load Minimum Contract Term",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "19 years",
      "boolean_value": null,
      "unit": null,
      "scope": "DTE Electric 1,383 MW data-center special contracts",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": null,
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-dte-u21990"
    },
    {
      "id": "observation-action-mi-dte-special-contracts-minimum_payment",
      "proceeding_id": "action-mi-dte-special-contracts",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "large_load_minimum_payment",
      "metric_label": "Large Load Minimum Payment",
      "stage": "mechanism_authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "80% of contracted demand",
      "boolean_value": null,
      "unit": null,
      "scope": "DTE Electric 1,383 MW data-center special contracts",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": null,
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-mi-dte-u21990"
    },
    {
      "id": "observation-action-nj-rockland-sc7-credit_collateral",
      "proceeding_id": "case-nj-bpu-er25060374",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "large_load_credit_collateral",
      "metric_label": "Large Load Credit Collateral",
      "stage": "mechanism_authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": null,
      "text_value": "Not identified in reviewed SC7 sources",
      "boolean_value": null,
      "unit": null,
      "scope": "Rockland Electric SC7 High Voltage Distribution",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-nj-rockland-sc7-current-order"
    },
    {
      "id": "observation-action-nj-rockland-sc7-eligibility_threshold",
      "proceeding_id": "case-nj-bpu-er25060374",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "large_load_eligibility_threshold",
      "metric_label": "Large Load Eligibility Threshold",
      "stage": "mechanism_authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": null,
      "text_value": "1 MW minimum demand",
      "boolean_value": null,
      "unit": null,
      "scope": "Rockland Electric SC7 High Voltage Distribution",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-nj-rockland-sc7-current-order"
    },
    {
      "id": "observation-action-nj-rockland-sc7-exit_fee",
      "proceeding_id": "case-nj-bpu-er25060374",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "large_load_exit_fee",
      "metric_label": "Large Load Exit Fee",
      "stage": "mechanism_authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": null,
      "text_value": "Not identified in reviewed SC7 sources",
      "boolean_value": null,
      "unit": null,
      "scope": "Rockland Electric SC7 High Voltage Distribution",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-nj-rockland-sc7-current-order"
    },
    {
      "id": "observation-action-nj-rockland-sc7-generation_resource_costs",
      "proceeding_id": "case-nj-bpu-er25060374",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "large_load_generation_resource_costs",
      "metric_label": "Large Load Generation Resource Costs",
      "stage": "mechanism_authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": null,
      "text_value": "Not identified in reviewed SC7 sources",
      "boolean_value": null,
      "unit": null,
      "scope": "Rockland Electric SC7 High Voltage Distribution",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-nj-rockland-sc7-current-order"
    },
    {
      "id": "observation-action-nj-rockland-sc7-infrastructure_cost_responsibility",
      "proceeding_id": "case-nj-bpu-er25060374",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "large_load_infrastructure_cost_responsibility",
      "metric_label": "Large Load Infrastructure Cost Responsibility",
      "stage": "mechanism_authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": null,
      "text_value": "Not identified in reviewed SC7 sources",
      "boolean_value": null,
      "unit": null,
      "scope": "Rockland Electric SC7 High Voltage Distribution",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-nj-rockland-sc7-current-order"
    },
    {
      "id": "observation-action-nj-rockland-sc7-minimum_contract_term",
      "proceeding_id": "case-nj-bpu-er25060374",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "large_load_minimum_contract_term",
      "metric_label": "Large Load Minimum Contract Term",
      "stage": "mechanism_authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": null,
      "text_value": "Not identified in reviewed SC7 sources",
      "boolean_value": null,
      "unit": null,
      "scope": "Rockland Electric SC7 High Voltage Distribution",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-nj-rockland-sc7-current-order"
    },
    {
      "id": "observation-action-nj-rockland-sc7-minimum_payment",
      "proceeding_id": "case-nj-bpu-er25060374",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "large_load_minimum_payment",
      "metric_label": "Large Load Minimum Payment",
      "stage": "mechanism_authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": null,
      "text_value": "Not identified in reviewed SC7 sources",
      "boolean_value": null,
      "unit": null,
      "scope": "Rockland Electric SC7 High Voltage Distribution",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-nj-rockland-sc7-current-order"
    },
    {
      "id": "observation-action-oh-aep-schedule-dct-credit_collateral",
      "proceeding_id": "action-oh-aep-schedule-dct",
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "large_load_credit_collateral",
      "metric_label": "Large Load Credit Collateral",
      "stage": "mechanism_authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": null,
      "text_value": "50% of total minimum charges for the full contract term\n\nCollateral is waived only if the customer meets both the specified A-/A3 ratings and the liquidity test exceeding ten times the collateral requirement.",
      "boolean_value": null,
      "unit": null,
      "scope": "AEP Ohio Schedule DCT",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-oh-aep-dct-page"
    },
    {
      "id": "observation-action-oh-aep-schedule-dct-eligibility_threshold",
      "proceeding_id": "action-oh-aep-schedule-dct",
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "large_load_eligibility_threshold",
      "metric_label": "Large Load Eligibility Threshold",
      "stage": "mechanism_authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": null,
      "text_value": "More than 25 MW",
      "boolean_value": null,
      "unit": null,
      "scope": "AEP Ohio Schedule DCT",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-oh-aep-dct-page"
    },
    {
      "id": "observation-action-oh-aep-schedule-dct-exit_fee",
      "proceeding_id": "action-oh-aep-schedule-dct",
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "large_load_exit_fee",
      "metric_label": "Large Load Exit Fee",
      "stage": "mechanism_authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": null,
      "text_value": "36 months of minimum charges after year five\n\nThe reviewed tariff summary permits termination after the fifth post-ramp contract year upon payment of the stated exit charge.",
      "boolean_value": null,
      "unit": null,
      "scope": "AEP Ohio Schedule DCT",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-oh-aep-dct-page"
    },
    {
      "id": "observation-action-oh-aep-schedule-dct-generation_resource_costs",
      "proceeding_id": "action-oh-aep-schedule-dct",
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "large_load_generation_resource_costs",
      "metric_label": "Large Load Generation Resource Costs",
      "stage": "mechanism_authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": null,
      "text_value": "Not identified in reviewed AEP Ohio sources",
      "boolean_value": null,
      "unit": null,
      "scope": "AEP Ohio Schedule DCT",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-oh-aep-dct-page"
    },
    {
      "id": "observation-action-oh-aep-schedule-dct-infrastructure_cost_responsibility",
      "proceeding_id": "action-oh-aep-schedule-dct",
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "large_load_infrastructure_cost_responsibility",
      "metric_label": "Large Load Infrastructure Cost Responsibility",
      "stage": "mechanism_authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": null,
      "text_value": "Tiered study fees; full upgrade security is project-specific",
      "boolean_value": null,
      "unit": null,
      "scope": "AEP Ohio Schedule DCT",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-oh-aep-dct-page"
    },
    {
      "id": "observation-action-oh-aep-schedule-dct-minimum_contract_term",
      "proceeding_id": "action-oh-aep-schedule-dct",
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "large_load_minimum_contract_term",
      "metric_label": "Large Load Minimum Contract Term",
      "stage": "mechanism_authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": null,
      "text_value": "Load-ramp period plus 8 years",
      "boolean_value": null,
      "unit": null,
      "scope": "AEP Ohio Schedule DCT",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-oh-aep-dct-page"
    },
    {
      "id": "observation-action-oh-aep-schedule-dct-minimum_payment",
      "proceeding_id": "action-oh-aep-schedule-dct",
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "large_load_minimum_payment",
      "metric_label": "Large Load Minimum Payment",
      "stage": "mechanism_authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": null,
      "text_value": "85% above the first 25 MW · 100% above 75 MW\n\nThe tariff uses a tiered formula rather than one flat percentage for the customer's full contract capacity.",
      "boolean_value": null,
      "unit": null,
      "scope": "AEP Ohio Schedule DCT",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-oh-aep-dct-page"
    },
    {
      "id": "observation-action-pa-ppl-lp6-credit_collateral",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "large_load_credit_collateral",
      "metric_label": "Large Load Credit Collateral",
      "stage": "mechanism_authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Security equal to rate-base cost of required upgrades",
      "boolean_value": null,
      "unit": null,
      "scope": "PPL Electric Rate Schedule LP-6",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-pa-ppl-lp6-terms"
    },
    {
      "id": "observation-action-pa-ppl-lp6-eligibility_threshold",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "large_load_eligibility_threshold",
      "metric_label": "Large Load Eligibility Threshold",
      "stage": "mechanism_authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "50 MW single site · 75 MW aggregate within 10 miles",
      "boolean_value": null,
      "unit": null,
      "scope": "PPL Electric Rate Schedule LP-6",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-pa-ppl-lp6-eligibility"
    },
    {
      "id": "observation-action-pa-ppl-lp6-exit_fee",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "large_load_exit_fee",
      "metric_label": "Large Load Exit Fee",
      "stage": "mechanism_authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Greater of remaining minimum-load obligation or security obligation",
      "boolean_value": null,
      "unit": null,
      "scope": "PPL Electric Rate Schedule LP-6",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-pa-ppl-lp6-terms"
    },
    {
      "id": "observation-action-pa-ppl-lp6-generation_resource_costs",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "large_load_generation_resource_costs",
      "metric_label": "Large Load Generation Resource Costs",
      "stage": "mechanism_authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Not identified in the reviewed LP-6 sources",
      "boolean_value": null,
      "unit": null,
      "scope": "PPL Electric Rate Schedule LP-6",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-pa-ppl-lp6-terms"
    },
    {
      "id": "observation-action-pa-ppl-lp6-infrastructure_cost_responsibility",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "large_load_infrastructure_cost_responsibility",
      "metric_label": "Large Load Infrastructure Cost Responsibility",
      "stage": "mechanism_authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Advance milestone payments for directly assigned upgrades",
      "boolean_value": null,
      "unit": null,
      "scope": "PPL Electric Rate Schedule LP-6",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-pa-ppl-lp6-terms"
    },
    {
      "id": "observation-action-pa-ppl-lp6-minimum_contract_term",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "large_load_minimum_contract_term",
      "metric_label": "Large Load Minimum Contract Term",
      "stage": "mechanism_authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "10 years",
      "boolean_value": null,
      "unit": null,
      "scope": "PPL Electric Rate Schedule LP-6",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-pa-ppl-lp6-terms"
    },
    {
      "id": "observation-action-pa-ppl-lp6-minimum_payment",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "large_load_minimum_payment",
      "metric_label": "Large Load Minimum Payment",
      "stage": "mechanism_authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Firm 80% then 50% · interruptible 60% then 30%\n\nMinimum-demand percentages step down after years one through five of the service agreement.",
      "boolean_value": null,
      "unit": null,
      "scope": "PPL Electric Rate Schedule LP-6",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-pa-ppl-lp6-terms"
    },
    {
      "id": "observation-action-va-dominion-gs5-credit_collateral",
      "proceeding_id": "case-va-scc-pur-2025-00058",
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "large_load_credit_collateral",
      "metric_label": "Large Load Credit Collateral",
      "stage": "mechanism_authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Up to 60% of minimum charges over the contract term\n\nThe obligation applies to new customers without sufficient credit that contract for service on or after January 1, 2027.",
      "boolean_value": null,
      "unit": null,
      "scope": "Dominion Energy Virginia GS-5 rate class",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2027-01-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-va-scc-data-center-facts"
    },
    {
      "id": "observation-action-va-dominion-gs5-eligibility_threshold",
      "proceeding_id": "case-va-scc-pur-2025-00058",
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "large_load_eligibility_threshold",
      "metric_label": "Large Load Eligibility Threshold",
      "stage": "mechanism_authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "25 MW or more",
      "boolean_value": null,
      "unit": null,
      "scope": "Dominion Energy Virginia GS-5 rate class",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2027-01-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-va-scc-gs5-release"
    },
    {
      "id": "observation-action-va-dominion-gs5-exit_fee",
      "proceeding_id": "case-va-scc-pur-2025-00058",
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "large_load_exit_fee",
      "metric_label": "Large Load Exit Fee",
      "stage": "mechanism_authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Not identified in reviewed SCC summaries",
      "boolean_value": null,
      "unit": null,
      "scope": "Dominion Energy Virginia GS-5 rate class",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2027-01-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-va-scc-data-center-facts"
    },
    {
      "id": "observation-action-va-dominion-gs5-generation_resource_costs",
      "proceeding_id": "case-va-scc-pur-2025-00058",
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "large_load_generation_resource_costs",
      "metric_label": "Large Load Generation Resource Costs",
      "stage": "mechanism_authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Not identified in reviewed SCC summaries",
      "boolean_value": null,
      "unit": null,
      "scope": "Dominion Energy Virginia GS-5 rate class",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2027-01-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-va-scc-data-center-facts"
    },
    {
      "id": "observation-action-va-dominion-gs5-infrastructure_cost_responsibility",
      "proceeding_id": "case-va-scc-pur-2025-00058",
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "large_load_infrastructure_cost_responsibility",
      "metric_label": "Large Load Infrastructure Cost Responsibility",
      "stage": "mechanism_authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "Separate cost allocation and interconnection review\n\nThe SCC required separate GS-5 rates and further review of Dominion's large-load interconnection process and cost-allocation proposals.",
      "boolean_value": null,
      "unit": null,
      "scope": "Dominion Energy Virginia GS-5 rate class",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2027-01-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-va-scc-data-center-facts"
    },
    {
      "id": "observation-action-va-dominion-gs5-minimum_contract_term",
      "proceeding_id": "case-va-scc-pur-2025-00058",
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "large_load_minimum_contract_term",
      "metric_label": "Large Load Minimum Contract Term",
      "stage": "mechanism_authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "At least 14 years",
      "boolean_value": null,
      "unit": null,
      "scope": "Dominion Energy Virginia GS-5 rate class",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2027-01-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-va-scc-data-center-facts"
    },
    {
      "id": "observation-action-va-dominion-gs5-minimum_payment",
      "proceeding_id": "case-va-scc-pur-2025-00058",
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "large_load_minimum_payment",
      "metric_label": "Large Load Minimum Payment",
      "stage": "mechanism_authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": "85% T&D · 60% generation demand",
      "boolean_value": null,
      "unit": null,
      "scope": "Dominion Energy Virginia GS-5 rate class",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2027-01-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-market-va-scc-gs5-release"
    },
    {
      "id": "observation-aep-ohio-25-392-equity-request",
      "proceeding_id": "case-aep-ohio-25-392-el-air",
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-aep-ohio",
      "party_name": "Ohio Power Company d/b/a AEP Ohio",
      "period": {
        "id": "period-aep-ohio-25-392-future-test-year",
        "period_type": "future_test_year",
        "label": "Test year ending November 30, 2025",
        "year": 2025,
        "start_date": null,
        "end_date": "2025-11-30"
      },
      "numeric_value": 50.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested ratemaking capital structure common-equity layer.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-05-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-aep-2q25-rate-case-activity-page-13"
    },
    {
      "id": "observation-aep-ohio-25-392-rate-base-request",
      "proceeding_id": "case-aep-ohio-25-392-el-air",
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-aep-ohio",
      "party_name": "Ohio Power Company d/b/a AEP Ohio",
      "period": {
        "id": "period-aep-ohio-25-392-future-test-year",
        "period_type": "future_test_year",
        "label": "Test year ending November 30, 2025",
        "year": 2025,
        "start_date": null,
        "end_date": "2025-11-30"
      },
      "numeric_value": 5100000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Requested Ohio electric distribution rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-05-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-aep-2q25-rate-case-activity-page-13"
    },
    {
      "id": "observation-aep-ohio-25-392-revenue-request",
      "proceeding_id": "case-aep-ohio-25-392-el-air",
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-aep-ohio",
      "party_name": "Ohio Power Company d/b/a AEP Ohio",
      "period": {
        "id": "period-aep-ohio-25-392-future-test-year",
        "period_type": "future_test_year",
        "label": "Test year ending November 30, 2025",
        "year": 2025,
        "start_date": null,
        "end_date": "2025-11-30"
      },
      "numeric_value": 97000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested net annual distribution revenue increase.",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-05-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-aep-2q25-rate-case-activity-page-13"
    },
    {
      "id": "observation-aep-ohio-25-392-roe-request",
      "proceeding_id": "case-aep-ohio-25-392-el-air",
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-aep-ohio",
      "party_name": "Ohio Power Company d/b/a AEP Ohio",
      "period": {
        "id": "period-aep-ohio-25-392-future-test-year",
        "period_type": "future_test_year",
        "label": "Test year ending November 30, 2025",
        "year": 2025,
        "start_date": null,
        "end_date": "2025-11-30"
      },
      "numeric_value": 10.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested common-equity return for AEP Ohio's distribution rate case.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-05-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-aep-2q25-rate-case-activity-page-13"
    },
    {
      "id": "observation-aep-ohio-equity-2026-03-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 50.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "AEP Ohio distribution authorized capital structure; 49.1% debt and 50.9% equity.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-ohio-2026-rate-base-roe"
    },
    {
      "id": "observation-aep-ohio-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 8894000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "AEP Ohio company-disclosed total distribution and transmission rate-base proxy.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-ohio-2026-rate-base-roe"
    },
    {
      "id": "observation-aep-ohio-roe-2026-03-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-aep-ohio-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 9.84,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "AEP Ohio distribution authorized return on equity.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-ohio-2026-rate-base-roe"
    },
    {
      "id": "observation-aep-texas-equity-2026-03-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-aep-texas-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 42.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "AEP Texas transmission and distribution authorized capital structure; 57.5% debt and 42.5% equity.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-texas-2026-rate-base-roe"
    },
    {
      "id": "observation-aep-texas-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-aep-texas-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 13627000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "AEP Texas company-disclosed transmission and distribution rate-base proxy.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-texas-2026-rate-base-roe"
    },
    {
      "id": "observation-aep-texas-roe-2026-03-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-aep-texas-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 9.76,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "AEP Texas transmission and distribution authorized return on equity.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-texas-2026-rate-base-roe"
    },
    {
      "id": "observation-aes-ohio-equity-2025-11-05",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-aes-ohio-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 53.87,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "AES Ohio electric distribution capital structure approved in the 2024 distribution rate case settlement.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-05",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aes-ohio-2025-annual-report-rate-case"
    },
    {
      "id": "observation-aes-ohio-rate-base-2025-11-05",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-aes-ohio-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 1250000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "AES Ohio electric distribution rate base approved in the 2024 distribution rate case settlement.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-05",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aes-ohio-2025-annual-report-rate-case"
    },
    {
      "id": "observation-aes-ohio-roe-2025-11-05",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-aes-ohio-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 9.999,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "AES Ohio electric distribution return on equity approved in the 2024 distribution rate case settlement.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-05",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aes-ohio-2025-annual-report-rate-case"
    },
    {
      "id": "observation-alpena-u-21488-equity-ratio-authorized-missing",
      "proceeding_id": "case-alpena-power-u-21488",
      "utility_jurisdiction_id": "jurisdiction-alpena-power-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The approved Alpena Power amended settlement states authorized ROE and overall return but does not state an authorized common-equity ratio.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-07-23",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-alpena-u-21488-authorized-roe"
    },
    {
      "id": "observation-alpena-u-21488-equity-ratio-requested",
      "proceeding_id": "case-alpena-power-u-21488",
      "utility_jurisdiction_id": "jurisdiction-alpena-power-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-alpena-power",
      "party_name": "Alpena Power Company",
      "period": {
        "id": "period-alpena-u-21488-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended June 30, 2025",
        "year": 2025,
        "start_date": "2024-07-01",
        "end_date": "2025-06-30"
      },
      "numeric_value": 48.88,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Alpena Power requested permanent-capital common-equity layer.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-alpena-u-21488-requested-equity-ratio"
    },
    {
      "id": "observation-alpena-u-21488-rate-base-requested",
      "proceeding_id": "case-alpena-power-u-21488",
      "utility_jurisdiction_id": "jurisdiction-alpena-power-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-alpena-power",
      "party_name": "Alpena Power Company",
      "period": {
        "id": "period-alpena-u-21488-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended June 30, 2025",
        "year": 2025,
        "start_date": "2024-07-01",
        "end_date": "2025-06-30"
      },
      "numeric_value": 62256458,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Alpena Power total-company projected 2025 test-year rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-alpena-u-21488-requested-rate-base"
    },
    {
      "id": "observation-alpena-u-21488-roe-authorized",
      "proceeding_id": "case-alpena-power-u-21488",
      "utility_jurisdiction_id": "jurisdiction-alpena-power-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 9.85,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Alpena Power authorized return on common equity under the approved amended settlement.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-alpena-u-21488-authorized-roe"
    },
    {
      "id": "observation-appalachian-natural-gas-pur-2025-00070-equity-ratio",
      "proceeding_id": "case-appalachian-natural-gas-pur-2018-00015",
      "utility_jurisdiction_id": "jurisdiction-appalachian-natural-gas-va-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "mechanism_authorized",
      "party_id": "utility-appalachian-natural-gas-va",
      "party_name": "Appalachian Natural Gas Distribution Company",
      "period": null,
      "numeric_value": 64.18,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "December 31, 2024 consolidated common-equity weight for ratemaking purposes in AIF Schedule 3.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-appalachian-natural-gas-pur-2025-00070-capital-structure"
    },
    {
      "id": "observation-appalachian-natural-gas-pur-2025-00070-rate-base",
      "proceeding_id": "case-appalachian-natural-gas-pur-2018-00015",
      "utility_jurisdiction_id": "jurisdiction-appalachian-natural-gas-va-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": "utility-appalachian-natural-gas-va",
      "party_name": "Appalachian Natural Gas Distribution Company",
      "period": null,
      "numeric_value": 8473694,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Thirteen-month-average rate base for Virginia jurisdictional business in the 2024 AIF, excluding special-rate and non-jurisdictional business.",
      "gross_or_net": "net",
      "annualization": "thirteen_month_average",
      "derivation": "explicit",
      "as_of_date": "2024-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-appalachian-natural-gas-pur-2025-00070-rate-base-roe"
    },
    {
      "id": "observation-appalachian-natural-gas-pur-2025-00070-roe",
      "proceeding_id": "case-appalachian-natural-gas-pur-2018-00015",
      "utility_jurisdiction_id": "jurisdiction-appalachian-natural-gas-va-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 9.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized ROE reported for Virginia jurisdictional business in Appalachian Natural Gas's 2024 AIF.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-appalachian-natural-gas-pur-2025-00070-rate-base-roe"
    },
    {
      "id": "observation-appalachian-power-2026-bill-impact-request",
      "proceeding_id": "case-appalachian-power-pur-2026-00044",
      "utility_jurisdiction_id": "jurisdiction-appalachian-power-va-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-appalachian-power-va",
      "party_name": "Appalachian Power Company — Virginia",
      "period": null,
      "numeric_value": 9.1,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "typical residential customer using 1,000 kWh per month",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-appalachian-power-2026-order-bill-impact"
    },
    {
      "id": "observation-appalachian-power-2026-revenue-percent-request",
      "proceeding_id": "case-appalachian-power-pur-2026-00044",
      "utility_jurisdiction_id": "jurisdiction-appalachian-power-va-electric",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "utility-appalachian-power-va",
      "party_name": "Appalachian Power Company — Virginia",
      "period": null,
      "numeric_value": 3.3,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "overall retail revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-05-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-appalachian-power-2026-order-economics"
    },
    {
      "id": "observation-appalachian-power-2026-revenue-request",
      "proceeding_id": "case-appalachian-power-pur-2026-00044",
      "utility_jurisdiction_id": "jurisdiction-appalachian-power-va-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-appalachian-power-va",
      "party_name": "Appalachian Power Company — Virginia",
      "period": null,
      "numeric_value": 61400000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "retail base generation and distribution rates",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-05-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-appalachian-power-2026-order-economics"
    },
    {
      "id": "observation-appalachian-power-2026-roe-request",
      "proceeding_id": "case-appalachian-power-pur-2026-00044",
      "utility_jurisdiction_id": "jurisdiction-appalachian-power-va-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-appalachian-power-va",
      "party_name": "Appalachian Power Company — Virginia",
      "period": null,
      "numeric_value": 10.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "prospective common equity return",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-appalachian-power-2026-order-economics"
    },
    {
      "id": "observation-appalachian-power-va-equity-2026-03-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-appalachian-power-va-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 48.2,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Appalachian Power Virginia retail authorized capital structure; 51.8% debt and 48.2% equity.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-appalachian-power-va-2026-rate-base-roe"
    },
    {
      "id": "observation-appalachian-power-va-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-appalachian-power-va-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 14215000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Combined APCo and Wheeling Power rate-base proxy across Virginia, West Virginia, Tennessee, and FERC wholesale operations.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-appalachian-power-va-2026-rate-base-roe"
    },
    {
      "id": "observation-appalachian-power-va-roe-2026-03-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-appalachian-power-va-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 9.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Appalachian Power Virginia retail authorized return on equity.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-appalachian-power-va-2026-rate-base-roe"
    },
    {
      "id": "observation-aps-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-aps-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Arizona launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-aps-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-aps-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Arizona launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-aps-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-aps-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Arizona launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-atlantic-city-electric-equity-2025-11-21",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-atlantic-city-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 50.24,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "New Jersey electric distribution common-equity ratio approved in Docket ER24110854.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-exelon-2025-q4-atlantic-city-electric"
    },
    {
      "id": "observation-atlantic-city-electric-er20120746-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-er20120746",
      "utility_jurisdiction_id": "jurisdiction-atlantic-city-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 43700000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er20120746-order"
    },
    {
      "id": "observation-atlantic-city-electric-er20120746-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-er20120746",
      "utility_jurisdiction_id": "jurisdiction-atlantic-city-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 71800000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2020-12-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er20120746-order"
    },
    {
      "id": "observation-atlantic-city-electric-er23020091-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-er23020091",
      "utility_jurisdiction_id": "jurisdiction-atlantic-city-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 45000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2023-11-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er23020091-order"
    },
    {
      "id": "observation-atlantic-city-electric-er23020091-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-er23020091",
      "utility_jurisdiction_id": "jurisdiction-atlantic-city-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 104800000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2023-02-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er23020091-order"
    },
    {
      "id": "observation-atlantic-city-electric-er24110854-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-er24110854",
      "utility_jurisdiction_id": "jurisdiction-atlantic-city-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 54000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er24110854-order"
    },
    {
      "id": "observation-atlantic-city-electric-er24110854-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-er24110854",
      "utility_jurisdiction_id": "jurisdiction-atlantic-city-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 120000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er24110854-order"
    },
    {
      "id": "observation-atlantic-city-electric-rate-base-2025-11-21",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-atlantic-city-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 2285000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Adjusted New Jersey electric distribution rate base approved in Docket ER24110854.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-exelon-2025-q4-atlantic-city-electric"
    },
    {
      "id": "observation-atlantic-city-electric-roe-2025-11-21",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-atlantic-city-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "New Jersey electric distribution return on equity approved in Docket ER24110854.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-exelon-2025-q4-atlantic-city-electric"
    },
    {
      "id": "observation-atmos-louisiana-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-atmos-louisiana-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-atmos-louisiana-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-atmos-louisiana-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-atmos-louisiana-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-atmos-louisiana-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-atmos-mid-tex-equity-2025-09-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-atmos-mid-tex-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 58,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Atmos Mid-Tex Cities jurisdiction authorized equity layer; the approved debt/equity ratio is 42/58.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-atmos-2025-form-10k-mid-tex"
    },
    {
      "id": "observation-atmos-mid-tex-rate-base-2025-09-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-atmos-mid-tex-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 7146843000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Atmos Mid-Tex Cities jurisdiction rate base; other Mid-Tex municipal jurisdictions use separate annual actions.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-atmos-2025-form-10k-mid-tex"
    },
    {
      "id": "observation-atmos-mid-tex-roe-2025-09-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-atmos-mid-tex-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Atmos Mid-Tex Cities jurisdiction authorized return on equity.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-atmos-2025-form-10k-mid-tex"
    },
    {
      "id": "observation-atmos-virginia-pur-2023-00008-equity-ratio-authorized",
      "proceeding_id": "case-atmos-virginia-pur-2023-00008",
      "utility_jurisdiction_id": "jurisdiction-atmos-virginia-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 60.59,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Atmos Virginia authorized common-equity weight in total capitalization under the approved stipulation.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-12-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-atmos-virginia-pur-2023-00008-capital-terms"
    },
    {
      "id": "observation-atmos-virginia-pur-2023-00008-rate-base-authorized-missing",
      "proceeding_id": "case-atmos-virginia-pur-2023-00008",
      "utility_jurisdiction_id": "jurisdiction-atmos-virginia-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The approved Atmos Virginia black-box settlement does not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-12-01",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-atmos-virginia-pur-2023-00008-rate-base-missing"
    },
    {
      "id": "observation-atmos-virginia-pur-2023-00008-roe-authorized",
      "proceeding_id": "case-atmos-virginia-pur-2023-00008",
      "utility_jurisdiction_id": "jurisdiction-atmos-virginia-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 9.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Atmos Virginia authorized return on common equity under the approved stipulation.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-12-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-atmos-virginia-pur-2023-00008-capital-terms"
    },
    {
      "id": "observation-atmos-west-texas-equity-2025-09-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-atmos-west-texas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 61,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Atmos West Texas systemwide authorized equity layer; the approved debt/equity ratio is 39/61.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-atmos-2025-form-10k-west-texas"
    },
    {
      "id": "observation-atmos-west-texas-rate-base-2025-09-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-atmos-west-texas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 1231651000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Atmos West Texas systemwide authorized rate base.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-atmos-2025-form-10k-west-texas"
    },
    {
      "id": "observation-atmos-west-texas-roe-2025-09-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-atmos-west-texas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Atmos West Texas systemwide authorized return on equity.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-atmos-2025-form-10k-west-texas"
    },
    {
      "id": "observation-audit-closure-u22046-equity",
      "proceeding_id": "case-dte-electric-u-22046",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": {
        "id": "period-dte-electric-u22046-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending February 29, 2028",
        "year": 2028,
        "start_date": "2027-03-01",
        "end_date": "2028-02-29"
      },
      "numeric_value": 51.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed ratemaking common-equity ratio",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-04-28",
      "missing_reason": null,
      "supersedes_observation_id": "observation-six-state-active-u22046-equity",
      "citation_id": "citation-six-state-active-u22046"
    },
    {
      "id": "observation-audit-closure-u22046-rate-base",
      "proceeding_id": "case-dte-electric-u-22046",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": {
        "id": "period-dte-electric-u22046-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending February 29, 2028",
        "year": 2028,
        "start_date": "2027-03-01",
        "end_date": "2028-02-29"
      },
      "numeric_value": 25868261000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Filed projected total-company rate base",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-04-28",
      "missing_reason": null,
      "supersedes_observation_id": "observation-six-state-active-u22046-rate-base",
      "citation_id": "citation-six-state-active-u22046"
    },
    {
      "id": "observation-avista-oregon-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-avista-oregon-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Oregon launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-avista-oregon-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-avista-oregon-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Oregon launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-avista-oregon-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-avista-oregon-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Oregon launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-cardinal-natural-gas-pur-2025-00070-equity-ratio",
      "proceeding_id": "case-appalachian-natural-gas-pur-2018-00015",
      "utility_jurisdiction_id": "jurisdiction-cardinal-natural-gas-va-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "mechanism_authorized",
      "party_id": "utility-appalachian-natural-gas-va",
      "party_name": "Appalachian Natural Gas Distribution Company",
      "period": null,
      "numeric_value": 64.18,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "December 31, 2024 consolidated Utility Pipeline Holding Company common-equity weight used for Appalachian Natural Gas ratemaking, including the Cardinal Natural Gas operating territory.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-appalachian-natural-gas-pur-2025-00070-capital-structure"
    },
    {
      "id": "observation-cardinal-natural-gas-pur-2025-00070-rate-base",
      "proceeding_id": "case-appalachian-natural-gas-pur-2018-00015",
      "utility_jurisdiction_id": "jurisdiction-cardinal-natural-gas-va-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": "utility-appalachian-natural-gas-va",
      "party_name": "Appalachian Natural Gas Distribution Company",
      "period": null,
      "numeric_value": 8473694,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Combined thirteen-month-average rate base for Appalachian Natural Gas's Virginia jurisdictional business, including its Cardinal Natural Gas operating name in the Bluefield service territory; the AIF does not disclose a division-only amount.",
      "gross_or_net": "net",
      "annualization": "thirteen_month_average",
      "derivation": "explicit",
      "as_of_date": "2024-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-appalachian-natural-gas-pur-2025-00070-rate-base-roe"
    },
    {
      "id": "observation-cardinal-natural-gas-pur-2025-00070-roe",
      "proceeding_id": "case-appalachian-natural-gas-pur-2018-00015",
      "utility_jurisdiction_id": "jurisdiction-cardinal-natural-gas-va-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 9.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized ROE reported for Appalachian Natural Gas's combined Virginia jurisdictional business, including the Bluefield territory operated under the Cardinal Natural Gas name.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-appalachian-natural-gas-pur-2025-00070-rate-base-roe"
    },
    {
      "id": "observation-cascade-natural-gas-oregon-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-cascade-natural-gas-oregon-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Oregon launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-cascade-natural-gas-oregon-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-cascade-natural-gas-oregon-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Oregon launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-cascade-natural-gas-oregon-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-cascade-natural-gas-oregon-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Oregon launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-case-az-aps-e-01345a-25-0105-annual_revenue_change-requested",
      "proceeding_id": "case-az-aps-e-01345a-25-0105",
      "utility_jurisdiction_id": "jurisdiction-aps-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-aps",
      "party_name": "Arizona Public Service Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed official launch source identifies the active case but does not state this requested value.",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-06-13",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-discovery-e-01345a-25-0105"
    },
    {
      "id": "observation-case-az-aps-e-01345a-25-0105-residential_monthly_bill_impact-requested",
      "proceeding_id": "case-az-aps-e-01345a-25-0105",
      "utility_jurisdiction_id": "jurisdiction-aps-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-aps",
      "party_name": "Arizona Public Service Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "The reviewed official launch source identifies the active case but does not state this requested value.",
      "gross_or_net": "gross",
      "annualization": "monthly",
      "derivation": "explicit",
      "as_of_date": "2025-06-13",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-discovery-e-01345a-25-0105"
    },
    {
      "id": "observation-case-az-tep-e-01933a-25-0103-annual_revenue_change-requested",
      "proceeding_id": "case-az-tep-e-01933a-25-0103",
      "utility_jurisdiction_id": "jurisdiction-tep-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-tep",
      "party_name": "Tucson Electric Power Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed official launch source identifies the active case but does not state this requested value.",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-06-01",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-tep-rate"
    },
    {
      "id": "observation-case-az-tep-e-01933a-25-0103-residential_monthly_bill_impact-requested",
      "proceeding_id": "case-az-tep-e-01933a-25-0103",
      "utility_jurisdiction_id": "jurisdiction-tep-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-tep",
      "party_name": "Tucson Electric Power Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "The reviewed official launch source identifies the active case but does not state this requested value.",
      "gross_or_net": "gross",
      "annualization": "monthly",
      "derivation": "explicit",
      "as_of_date": "2025-06-01",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-tep-rate"
    },
    {
      "id": "observation-case-la-entergy-u-36959-annual_revenue_change-requested",
      "proceeding_id": "case-la-entergy-u-36959",
      "utility_jurisdiction_id": "jurisdiction-entergy-louisiana-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-entergy-louisiana",
      "party_name": "Entergy Louisiana, LLC",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed official launch source identifies the active case but does not state this requested value.",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2023-09-01",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-discovery-u-36959"
    },
    {
      "id": "observation-case-la-entergy-u-36959-residential_monthly_bill_impact-requested",
      "proceeding_id": "case-la-entergy-u-36959",
      "utility_jurisdiction_id": "jurisdiction-entergy-louisiana-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-entergy-louisiana",
      "party_name": "Entergy Louisiana, LLC",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "The reviewed official launch source identifies the active case but does not state this requested value.",
      "gross_or_net": "gross",
      "annualization": "monthly",
      "derivation": "explicit",
      "as_of_date": "2023-09-01",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-discovery-u-36959"
    },
    {
      "id": "observation-case-ny-nyseg-25-e-0375-annual_revenue_change-requested",
      "proceeding_id": "case-ny-nyseg-25-e-0375",
      "utility_jurisdiction_id": "jurisdiction-nyseg-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-nyseg",
      "party_name": "New York State Electric & Gas Corporation",
      "period": null,
      "numeric_value": 464400000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Utility request stated in the reviewed official case summary.",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-discovery-25-e-0375"
    },
    {
      "id": "observation-case-ny-nyseg-25-e-0375-residential_monthly_bill_impact-requested",
      "proceeding_id": "case-ny-nyseg-25-e-0375",
      "utility_jurisdiction_id": "jurisdiction-nyseg-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-nyseg",
      "party_name": "New York State Electric & Gas Corporation",
      "period": null,
      "numeric_value": 33.12,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Utility request stated in the reviewed official case summary.",
      "gross_or_net": "gross",
      "annualization": "monthly",
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-discovery-25-e-0375"
    },
    {
      "id": "observation-case-ny-nyseg-25-g-0378-annual_revenue_change-requested",
      "proceeding_id": "case-ny-nyseg-25-g-0378",
      "utility_jurisdiction_id": "jurisdiction-nyseg-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-nyseg",
      "party_name": "New York State Electric & Gas Corporation",
      "period": null,
      "numeric_value": 93000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Utility request stated in the reviewed official case summary.",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-gas-cases"
    },
    {
      "id": "observation-case-ny-nyseg-25-g-0378-residential_monthly_bill_impact-requested",
      "proceeding_id": "case-ny-nyseg-25-g-0378",
      "utility_jurisdiction_id": "jurisdiction-nyseg-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-nyseg",
      "party_name": "New York State Electric & Gas Corporation",
      "period": null,
      "numeric_value": 33.57,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Utility request stated in the reviewed official case summary.",
      "gross_or_net": "gross",
      "annualization": "monthly",
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-gas-cases"
    },
    {
      "id": "observation-case-ny-rge-25-e-0379-annual_revenue_change-requested",
      "proceeding_id": "case-ny-rge-25-e-0379",
      "utility_jurisdiction_id": "jurisdiction-rge-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-rge",
      "party_name": "Rochester Gas and Electric Corporation",
      "period": null,
      "numeric_value": 220200000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Utility request stated in the reviewed official case summary.",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-discovery-25-e-0379"
    },
    {
      "id": "observation-case-ny-rge-25-e-0379-residential_monthly_bill_impact-requested",
      "proceeding_id": "case-ny-rge-25-e-0379",
      "utility_jurisdiction_id": "jurisdiction-rge-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-rge",
      "party_name": "Rochester Gas and Electric Corporation",
      "period": null,
      "numeric_value": 33.01,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Utility request stated in the reviewed official case summary.",
      "gross_or_net": "gross",
      "annualization": "monthly",
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-discovery-25-e-0379"
    },
    {
      "id": "observation-case-ny-rge-25-g-0380-annual_revenue_change-requested",
      "proceeding_id": "case-ny-rge-25-g-0380",
      "utility_jurisdiction_id": "jurisdiction-rge-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-rge",
      "party_name": "Rochester Gas and Electric Corporation",
      "period": null,
      "numeric_value": 72900000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Utility request stated in the reviewed official case summary.",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-gas-cases"
    },
    {
      "id": "observation-case-ny-rge-25-g-0380-residential_monthly_bill_impact-requested",
      "proceeding_id": "case-ny-rge-25-g-0380",
      "utility_jurisdiction_id": "jurisdiction-rge-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-rge",
      "party_name": "Rochester Gas and Electric Corporation",
      "period": null,
      "numeric_value": 18.87,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Utility request stated in the reviewed official case summary.",
      "gross_or_net": "gross",
      "annualization": "monthly",
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-gas-cases"
    },
    {
      "id": "observation-case-or-cascade-ug-525-annual_revenue_change-requested",
      "proceeding_id": "case-or-cascade-ug-525",
      "utility_jurisdiction_id": "jurisdiction-cascade-natural-gas-oregon-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-cascade-natural-gas-oregon",
      "party_name": "Cascade Natural Gas Corporation",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed official launch source identifies the active case but does not state this requested value.",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-01-01",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-discovery-ug-525"
    },
    {
      "id": "observation-case-or-cascade-ug-525-residential_monthly_bill_impact-requested",
      "proceeding_id": "case-or-cascade-ug-525",
      "utility_jurisdiction_id": "jurisdiction-cascade-natural-gas-oregon-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-cascade-natural-gas-oregon",
      "party_name": "Cascade Natural Gas Corporation",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "The reviewed official launch source identifies the active case but does not state this requested value.",
      "gross_or_net": "gross",
      "annualization": "monthly",
      "derivation": "explicit",
      "as_of_date": "2026-01-01",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-discovery-ug-525"
    },
    {
      "id": "observation-case-or-pacific-power-ue-470-annual_revenue_change-requested",
      "proceeding_id": "case-or-pacific-power-ue-470",
      "utility_jurisdiction_id": "jurisdiction-pacific-power-oregon-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-pacific-power-oregon",
      "party_name": "PacifiCorp",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed official launch source identifies the active case but does not state this requested value.",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-01-01",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-discovery-ue-470"
    },
    {
      "id": "observation-case-or-pacific-power-ue-470-residential_monthly_bill_impact-requested",
      "proceeding_id": "case-or-pacific-power-ue-470",
      "utility_jurisdiction_id": "jurisdiction-pacific-power-oregon-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-pacific-power-oregon",
      "party_name": "PacifiCorp",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "The reviewed official launch source identifies the active case but does not state this requested value.",
      "gross_or_net": "gross",
      "annualization": "monthly",
      "derivation": "explicit",
      "as_of_date": "2026-01-01",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-discovery-ue-470"
    },
    {
      "id": "observation-case-wi-we-5-ur-112-annual_revenue_change-requested",
      "proceeding_id": "case-wi-we-5-ur-112",
      "utility_jurisdiction_id": "jurisdiction-wisconsin-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-wisconsin-electric",
      "party_name": "Wisconsin Electric Power Company",
      "period": null,
      "numeric_value": 277900000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Utility request stated in the reviewed official case summary.",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-04-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-discovery-5-ur-112"
    },
    {
      "id": "observation-case-wi-we-5-ur-112-residential_monthly_bill_impact-requested",
      "proceeding_id": "case-wi-we-5-ur-112",
      "utility_jurisdiction_id": "jurisdiction-wisconsin-electric-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-wisconsin-electric",
      "party_name": "Wisconsin Electric Power Company",
      "period": null,
      "numeric_value": 13,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Utility request stated in the reviewed official case summary.",
      "gross_or_net": "gross",
      "annualization": "monthly",
      "derivation": "explicit",
      "as_of_date": "2026-04-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-discovery-5-ur-112"
    },
    {
      "id": "observation-cei-equity-2025-11-19",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-cleveland-electric-illuminating-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 51.2,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PUCO-authorized hypothetical Ohio Companies distribution capital structure.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-form-10k-cei"
    },
    {
      "id": "observation-cei-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-cleveland-electric-illuminating-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 1700000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Cleveland Electric Illuminating distribution rate base at year-end 2025.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-form-10k-cei"
    },
    {
      "id": "observation-cei-roe-2025-11-19",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-cleveland-electric-illuminating-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 9.63,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PUCO-authorized Ohio Companies distribution ROE.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-form-10k-cei"
    },
    {
      "id": "observation-centerpoint-energy-ohio-24-832-ga-air-annual-revenue-change-authorized",
      "proceeding_id": "case-oh-puco-24-832-ga-air",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-energy-ohio-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 51300000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-01-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-oh-puco-24-832-ga-air-order-summary"
    },
    {
      "id": "observation-centerpoint-entex-os-23-00015513-equity-ratio-authorized",
      "proceeding_id": "case-centerpoint-entex-os-23-00015513",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-entex-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 60.61,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "CenterPoint Entex authorized common-equity weight in total capitalization under the OS-23-00015513 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-07-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-centerpoint-entex-os-23-00015513-capital-terms"
    },
    {
      "id": "observation-centerpoint-entex-os-23-00015513-rate-base-authorized-missing",
      "proceeding_id": "case-centerpoint-entex-os-23-00015513",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-entex-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The approved CenterPoint Entex settlement does not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-07-20",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-centerpoint-entex-os-23-00015513-rate-base-missing"
    },
    {
      "id": "observation-centerpoint-entex-os-23-00015513-roe-authorized",
      "proceeding_id": "case-centerpoint-entex-os-23-00015513",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-entex-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "CenterPoint Entex authorized return on common equity under the OS-23-00015513 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-07-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-centerpoint-entex-os-23-00015513-capital-terms"
    },
    {
      "id": "observation-centerpoint-houston-equity-2026-04-01",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-centerpoint-houston-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 43.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized Houston Electric transmission and distribution capital structure.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-04-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-centerpoint-regulatory-information-electric-2026-04"
    },
    {
      "id": "observation-centerpoint-houston-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-centerpoint-houston-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "company_projected",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 16137000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Total Houston Electric transmission and distribution rate base; company notes it is not limited to amounts reflected in rates.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-centerpoint-regulatory-information-electric-2026-04"
    },
    {
      "id": "observation-centerpoint-houston-roe-2026-04-01",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-centerpoint-houston-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 9.65,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Houston Electric transmission and distribution.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-04-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-centerpoint-regulatory-information-electric-2026-04"
    },
    {
      "id": "observation-centerpoint-ohio-24-832-ga-air-equity-ratio-authorized",
      "proceeding_id": "case-oh-puco-24-832-ga-air",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-energy-ohio-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 52.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "CenterPoint Energy Ohio authorized common-equity ratio following the January 7, 2026 PUCO order in Case 24-0832-GA-AIR.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-01-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-centerpoint-ohio-q4-2025-current-economics"
    },
    {
      "id": "observation-centerpoint-ohio-24-832-ga-air-roe-authorized",
      "proceeding_id": "case-oh-puco-24-832-ga-air",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-energy-ohio-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 9.79,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "CenterPoint Energy Ohio authorized return on equity following the January 7, 2026 PUCO order in Case 24-0832-GA-AIR.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-01-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-centerpoint-ohio-q4-2025-current-economics"
    },
    {
      "id": "observation-centerpoint-ohio-q4-2025-rate-base-projected",
      "proceeding_id": "case-oh-puco-24-832-ga-air",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-energy-ohio-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "company_projected",
      "party_id": "utility-centerpoint-energy-ohio",
      "party_name": "Vectren Energy Delivery of Ohio, LLC d/b/a CenterPoint Energy Ohio",
      "period": null,
      "numeric_value": 1600000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "CenterPoint Energy Ohio estimated year-end 2026 rate base; the filing says the estimate may differ slightly from regulatory filings.",
      "gross_or_net": "net",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-centerpoint-ohio-q4-2025-current-economics"
    },
    {
      "id": "observation-central-hudson-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-central-hudson-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-central-hudson-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-central-hudson-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-central-hudson-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-central-hudson-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-central-hudson-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-central-hudson-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-central-hudson-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-central-hudson-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-central-hudson-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-central-hudson-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-citizens-annual_revenue_change-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054394",
      "utility_jurisdiction_id": "jurisdiction-citizens-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-citizens-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 1391327,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Commission-authorized annual base-rate revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-citizens-2026-outcome"
    },
    {
      "id": "observation-citizens-annual_revenue_change-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054394",
      "utility_jurisdiction_id": "jurisdiction-citizens-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-citizens-electric",
      "party_name": "Citizens' Electric Company of Lewisburg, PA",
      "period": {
        "id": "period-citizens-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 1794525,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested annual base-rate revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-citizens-2025-request"
    },
    {
      "id": "observation-citizens-common_equity_ratio-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054394",
      "utility_jurisdiction_id": "jurisdiction-citizens-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-citizens-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity ratio was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-citizens-2026-black-box"
    },
    {
      "id": "observation-citizens-common_equity_ratio-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054394",
      "utility_jurisdiction_id": "jurisdiction-citizens-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-citizens-electric",
      "party_name": "Citizens' Electric Company of Lewisburg, PA",
      "period": {
        "id": "period-citizens-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 48.94,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested ratemaking common-equity ratio",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-citizens-2025-capital"
    },
    {
      "id": "observation-citizens-overall_rate_of_return-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054394",
      "utility_jurisdiction_id": "jurisdiction-citizens-electric-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-citizens-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized overall rate of return was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-citizens-2026-black-box"
    },
    {
      "id": "observation-citizens-overall_rate_of_return-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054394",
      "utility_jurisdiction_id": "jurisdiction-citizens-electric-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-citizens-electric",
      "party_name": "Citizens' Electric Company of Lewisburg, PA",
      "period": {
        "id": "period-citizens-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 8.49,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested overall rate of return",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-citizens-2025-request"
    },
    {
      "id": "observation-citizens-rate_base-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054394",
      "utility_jurisdiction_id": "jurisdiction-citizens-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-citizens-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized rate base was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-citizens-2026-black-box"
    },
    {
      "id": "observation-citizens-rate_base-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054394",
      "utility_jurisdiction_id": "jurisdiction-citizens-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-citizens-electric",
      "party_name": "Citizens' Electric Company of Lewisburg, PA",
      "period": {
        "id": "period-citizens-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 17092345,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Requested future-test-year rate base",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-citizens-2025-request"
    },
    {
      "id": "observation-citizens-residential_monthly_bill_impact-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054394",
      "utility_jurisdiction_id": "jurisdiction-citizens-electric-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-citizens-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Authorized residential monthly bill impact was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-citizens-2026-black-box"
    },
    {
      "id": "observation-citizens-return_on_equity-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054394",
      "utility_jurisdiction_id": "jurisdiction-citizens-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-citizens-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on equity was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-citizens-2026-black-box"
    },
    {
      "id": "observation-citizens-return_on_equity-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054394",
      "utility_jurisdiction_id": "jurisdiction-citizens-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-citizens-electric",
      "party_name": "Citizens' Electric Company of Lewisburg, PA",
      "period": {
        "id": "period-citizens-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 11.65,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested return on common equity",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-citizens-2025-capital"
    },
    {
      "id": "observation-citizens-revenue_change_percentage-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054394",
      "utility_jurisdiction_id": "jurisdiction-citizens-electric-electric",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "utility-citizens-electric",
      "party_name": "Citizens' Electric Company of Lewisburg, PA",
      "period": {
        "id": "period-citizens-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 29.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested annual increase percentage",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-citizens-2025-request"
    },
    {
      "id": "observation-cleco-power-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-cleco-power-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-cleco-power-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-cleco-power-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-cleco-power-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-cleco-power-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-columbia-annual_revenue_change-authorized",
      "proceeding_id": "case-pa-puc-r-2024-3046519",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-columbia-gas-pa-fpfty-2025",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 74000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Commission-authorized annual base-rate revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-2024-outcome"
    },
    {
      "id": "observation-columbia-annual_revenue_change-utility_request",
      "proceeding_id": "case-pa-puc-r-2024-3046519",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-pa",
      "party_name": "Columbia Gas of Pennsylvania, Inc.",
      "period": {
        "id": "period-columbia-gas-pa-fpfty-2025",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 124138477,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested annual base-rate revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-03-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-2024-request"
    },
    {
      "id": "observation-columbia-common_equity_ratio-authorized",
      "proceeding_id": "case-pa-puc-r-2024-3046519",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-columbia-gas-pa-fpfty-2025",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity ratio was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-2024-black-box"
    },
    {
      "id": "observation-columbia-common_equity_ratio-utility_request",
      "proceeding_id": "case-pa-puc-r-2024-3046519",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-pa",
      "party_name": "Columbia Gas of Pennsylvania, Inc.",
      "period": {
        "id": "period-columbia-gas-pa-fpfty-2025",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 54.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested ratemaking common-equity ratio",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-03-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-2024-capital"
    },
    {
      "id": "observation-columbia-gas-ohio-equity-2022-11-07",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-ohio-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 50.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Columbia Gas of Ohio base distribution equity capital structure approved in the 2022 settlement.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2022-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nisource-2022-q3-ohio-settlement"
    },
    {
      "id": "observation-columbia-gas-ohio-rate-base-requested-2021",
      "proceeding_id": "case-columbia-gas-ohio-21-637-ga-air",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-ohio-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-ohio",
      "party_name": "Columbia Gas of Ohio, Inc.",
      "period": null,
      "numeric_value": 3560230000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Company-proposed jurisdictional rate base as of March 31, 2021",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2021-03-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-gas-ohio-21-637-requested-rate-base"
    },
    {
      "id": "observation-columbia-gas-ohio-roe-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-ohio-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Columbia Gas of Ohio base distribution rates effective March 2023.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nisource-2025-annual-report-ohio"
    },
    {
      "id": "observation-columbia-gas-pa-2025-annual_revenue_change-revised-request",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_rebuttal",
      "party_id": "utility-columbia-gas-pa",
      "party_name": "Columbia Gas of Pennsylvania, Inc.",
      "period": {
        "id": "period-columbia-gas-pa-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 110444676,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Revised utility revenue request after the Blackhawk storage sale.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-09-05",
      "missing_reason": null,
      "supersedes_observation_id": "observation-columbia-gas-r-2025-3053499-annual-revenue-change-requested",
      "citation_id": "citation-columbia-gas-pa-2025-requested-economics"
    },
    {
      "id": "observation-columbia-gas-pa-2025-common_equity_ratio-revised-request",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-pa",
      "party_name": "Columbia Gas of Pennsylvania, Inc.",
      "period": {
        "id": "period-columbia-gas-pa-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 54.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested common-equity share of ratemaking capital.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-03-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-pa-2025-requested-capital"
    },
    {
      "id": "observation-columbia-gas-pa-2025-overall-rate-of-return-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": {
        "id": "period-columbia-gas-pa-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 7.82,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized weighted overall rate of return.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-pa-2025-authorized-return-detail"
    },
    {
      "id": "observation-columbia-gas-pa-2025-overall_rate_of_return-revised-request",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-pa",
      "party_name": "Columbia Gas of Pennsylvania, Inc.",
      "period": {
        "id": "period-columbia-gas-pa-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 8.55,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested weighted overall rate of return.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-03-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-pa-2025-requested-economics"
    },
    {
      "id": "observation-columbia-gas-pa-2025-rate_base-revised-request",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_rebuttal",
      "party_id": "utility-columbia-gas-pa",
      "party_name": "Columbia Gas of Pennsylvania, Inc.",
      "period": {
        "id": "period-columbia-gas-pa-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 3839638127,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Revised requested FPFTY rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-09-05",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-pa-2025-requested-economics"
    },
    {
      "id": "observation-columbia-gas-pa-2025-residential-bill-impact-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": {
        "id": "period-columbia-gas-pa-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Representative residential total-bill impact under the approved rates.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-09",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-pa-2025-authorized-bill-impact-missing"
    },
    {
      "id": "observation-columbia-gas-pa-2025-residential-bill-impact-request",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-pa",
      "party_name": "Columbia Gas of Pennsylvania, Inc.",
      "period": {
        "id": "period-columbia-gas-pa-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 11.38,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Typical residential customer using 70 therms monthly; $138.52 to $154.29.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "calculated",
      "as_of_date": "2025-03-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-pa-2025-requested-bill-impact"
    },
    {
      "id": "observation-columbia-gas-pa-2025-return_on_equity-revised-request",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-pa",
      "party_name": "Columbia Gas of Pennsylvania, Inc.",
      "period": {
        "id": "period-columbia-gas-pa-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 11.35,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested return on common equity.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-03-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-pa-2025-requested-economics"
    },
    {
      "id": "observation-columbia-gas-pa-equity-authorized-2025",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 54.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity share of capitalization",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-gas-pa-2025-authorized-capital-return"
    },
    {
      "id": "observation-columbia-gas-pa-rate-base-authorized-2025",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 3825964472,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized FPFTY base-rate rate base",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-gas-pa-2025-authorized-rate-base"
    },
    {
      "id": "observation-columbia-gas-pa-roe-authorized-2025",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 10,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on common equity",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-gas-pa-2025-authorized-capital-return"
    },
    {
      "id": "observation-columbia-gas-pur-2022-00036-annual-revenue-change-authorized",
      "proceeding_id": "case-va-scc-pur-2022-00036",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 40300000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2023-05-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-va-scc-pur-2022-00036-final-order"
    },
    {
      "id": "observation-columbia-gas-r-2020-3018835-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2020-3018835",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 63500000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-02-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-r-2020-3018835-sec"
    },
    {
      "id": "observation-columbia-gas-r-2020-3018835-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2020-3018835",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 100400000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2020-04-24",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-r-2020-3018835-sec"
    },
    {
      "id": "observation-columbia-gas-r-2020-3018835-return-on-equity-authorized",
      "proceeding_id": "case-pa-puc-r-2020-3018835",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.86,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2021-02-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-r-2020-3018835-sec"
    },
    {
      "id": "observation-columbia-gas-r-2021-3024296-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2021-3024296",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 58500000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-12-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-r-2021-3024296-sec"
    },
    {
      "id": "observation-columbia-gas-r-2021-3024296-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2021-3024296",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 98300000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-r-2021-3024296-sec"
    },
    {
      "id": "observation-columbia-gas-r-2022-3031211-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2022-3031211",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 44500000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-12-08",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-r-2022-3031211-court"
    },
    {
      "id": "observation-columbia-gas-r-2022-3031211-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2022-3031211",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 82200000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-03-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-r-2022-3031211-filing"
    },
    {
      "id": "observation-columbia-gas-r-2025-3053499-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 55600000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-12-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-r-2025-3053499-rate-page"
    },
    {
      "id": "observation-columbia-gas-r-2025-3053499-revenue-change-percentage-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 6.05,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-r-2025-3053499-rate-page"
    },
    {
      "id": "observation-columbia-gas-r-2025-3053499-revenue-change-percentage-requested",
      "proceeding_id": "case-pa-puc-r-2025-3053499",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 12,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-03-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-r-2025-3053499-rate-page"
    },
    {
      "id": "observation-columbia-gas-va-pur-2022-00036-equity-authorized",
      "proceeding_id": "case-va-scc-pur-2022-00036",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 35.66,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity share of the ratemaking capital structure effective October 2022.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-05-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-pur-2022-00036-page-3"
    },
    {
      "id": "observation-columbia-gas-va-pur-2022-00036-equity-requested",
      "proceeding_id": "case-va-scc-pur-2022-00036",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-virginia",
      "party_name": "Columbia Gas of Virginia, Inc.",
      "period": null,
      "numeric_value": 39.3,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested common-equity share of the capital structure in the 2022 base-rate case.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-04-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-q3-2022-page-9"
    },
    {
      "id": "observation-columbia-gas-va-pur-2022-00036-overall-return-authorized",
      "proceeding_id": "case-va-scc-pur-2022-00036",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 6.691,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized overall weighted cost of capital effective October 2022.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-05-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-pur-2022-00036-page-3"
    },
    {
      "id": "observation-columbia-gas-va-pur-2022-00036-rate-base-requested",
      "proceeding_id": "case-va-scc-pur-2022-00036",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-virginia",
      "party_name": "Columbia Gas of Virginia, Inc.",
      "period": null,
      "numeric_value": 1000000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Total rate base requested in Columbia Gas of Virginia's 2022 base-rate case.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-04-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-q3-2022-page-9"
    },
    {
      "id": "observation-columbia-gas-va-pur-2022-00036-revenue-requested",
      "proceeding_id": "case-va-scc-pur-2022-00036",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-virginia",
      "party_name": "Columbia Gas of Virginia, Inc.",
      "period": null,
      "numeric_value": 40600000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested annual revenue increase net of the $17.7 million SAVE infrastructure tracker.",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-04-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-q3-2022-page-9"
    },
    {
      "id": "observation-columbia-gas-va-pur-2022-00036-roe-authorized",
      "proceeding_id": "case-va-scc-pur-2022-00036",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 9.7,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized midpoint ROE for earnings tests and ratemaking effective October 2022 until new base rates were implemented.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-05-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-pur-2022-00036-page-3"
    },
    {
      "id": "observation-columbia-gas-va-pur-2022-00036-roe-requested",
      "proceeding_id": "case-va-scc-pur-2022-00036",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-virginia",
      "party_name": "Columbia Gas of Virginia, Inc.",
      "period": null,
      "numeric_value": 10.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested return on common equity in the 2022 base-rate case.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-04-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-q3-2022-page-9"
    },
    {
      "id": "observation-columbia-gas-va-pur-2024-00030-equity-authorized",
      "proceeding_id": "case-columbia-gas-virginia-pur-2024-00030",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 43.147,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity share of the ratemaking capital structure effective with the October 2024 rates.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-05-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-pur-2024-00030-pages-2-3"
    },
    {
      "id": "observation-columbia-gas-va-pur-2024-00030-revenue-authorized",
      "proceeding_id": "case-columbia-gas-virginia-pur-2024-00030",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 40700000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Annual jurisdictional non-gas base-revenue increase effective with the first billing unit of October 2024.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-05-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-pur-2024-00030-pages-2-3"
    },
    {
      "id": "observation-columbia-gas-va-pur-2024-00030-roe-authorized",
      "proceeding_id": "case-columbia-gas-virginia-pur-2024-00030",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 9.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized midpoint ROE used for earnings tests, regulatory-asset recovery, ESAC deferrals, and expedited rate cases until new base rates are implemented.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-05-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-pur-2024-00030-pages-2-3"
    },
    {
      "id": "observation-columbia-gas-va-rate-base-2021",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 1072000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Total Columbia Gas of Virginia utility rate base reported in NiSource's business profile.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2021-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-nisource-investor-day-page-53"
    },
    {
      "id": "observation-columbia-gas-virginia-2026-bill-impact-year-1",
      "proceeding_id": "case-columbia-gas-virginia-pur-2026-00014",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-virginia",
      "party_name": "Columbia Gas of Virginia, Inc.",
      "period": {
        "id": "period-columbia-gas-virginia-pur-2026-00014-rate-year-2026",
        "period_type": "rate_year",
        "label": "Rate year 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 10.81,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "average residential customer using 5.1 dekatherms per month, Rate Year 1",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-gas-virginia-2026-order-bill-impact"
    },
    {
      "id": "observation-columbia-gas-virginia-2026-bill-impact-year-2",
      "proceeding_id": "case-columbia-gas-virginia-pur-2026-00014",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-virginia",
      "party_name": "Columbia Gas of Virginia, Inc.",
      "period": {
        "id": "period-columbia-gas-virginia-pur-2026-00014-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 3.03,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "average residential customer using 5.1 dekatherms per month, further Rate Year 2 increase",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-gas-virginia-2026-order-bill-impact"
    },
    {
      "id": "observation-columbia-gas-virginia-2026-rate-base-request",
      "proceeding_id": "case-columbia-gas-virginia-pur-2026-00014",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-virginia",
      "party_name": "Columbia Gas of Virginia, Inc.",
      "period": null,
      "numeric_value": 116000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "net rate base SAVE investments as of September 30, 2026 proposed for base-rate recovery",
      "gross_or_net": "net",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-gas-virginia-2026-order-economics"
    },
    {
      "id": "observation-columbia-gas-virginia-2026-revenue-request-year-1",
      "proceeding_id": "case-columbia-gas-virginia-pur-2026-00014",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-virginia",
      "party_name": "Columbia Gas of Virginia, Inc.",
      "period": {
        "id": "period-columbia-gas-virginia-pur-2026-00014-rate-year-2026",
        "period_type": "rate_year",
        "label": "Rate year 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 64300000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "non-gas base revenue increase for Rate Year 1, October 2026 through September 2027",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-05-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-gas-virginia-2026-order-economics"
    },
    {
      "id": "observation-columbia-gas-virginia-2026-revenue-request-year-2",
      "proceeding_id": "case-columbia-gas-virginia-pur-2026-00014",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-virginia",
      "party_name": "Columbia Gas of Virginia, Inc.",
      "period": {
        "id": "period-columbia-gas-virginia-pur-2026-00014-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 14600000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "further incremental non-gas base revenue increase for Rate Year 2, October 2027 through September 2028",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-05-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-gas-virginia-2026-order-economics"
    },
    {
      "id": "observation-columbia-gas-virginia-2026-roe-request",
      "proceeding_id": "case-columbia-gas-virginia-pur-2026-00014",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-virginia",
      "party_name": "Columbia Gas of Virginia, Inc.",
      "period": null,
      "numeric_value": 10.95,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "proposed common equity return for the multi-year rate plan",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-columbia-gas-virginia-2026-order-economics"
    },
    {
      "id": "observation-columbia-overall_rate_of_return-authorized",
      "proceeding_id": "case-pa-puc-r-2024-3046519",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-columbia-gas-pa-fpfty-2025",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized overall rate of return was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-2024-black-box"
    },
    {
      "id": "observation-columbia-overall_rate_of_return-utility_request",
      "proceeding_id": "case-pa-puc-r-2024-3046519",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-pa",
      "party_name": "Columbia Gas of Pennsylvania, Inc.",
      "period": {
        "id": "period-columbia-gas-pa-fpfty-2025",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 8.71,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested overall rate of return",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-03-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-2024-request"
    },
    {
      "id": "observation-columbia-rate_base-authorized",
      "proceeding_id": "case-pa-puc-r-2024-3046519",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-columbia-gas-pa-fpfty-2025",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized rate base was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-2024-black-box"
    },
    {
      "id": "observation-columbia-rate_base-utility_request",
      "proceeding_id": "case-pa-puc-r-2024-3046519",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-pa",
      "party_name": "Columbia Gas of Pennsylvania, Inc.",
      "period": {
        "id": "period-columbia-gas-pa-fpfty-2025",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 3489087567,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Requested future-test-year rate base",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-03-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-2024-request"
    },
    {
      "id": "observation-columbia-residential_monthly_bill_impact-authorized",
      "proceeding_id": "case-pa-puc-r-2024-3046519",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-columbia-gas-pa-fpfty-2025",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Authorized residential monthly bill impact was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-2024-black-box"
    },
    {
      "id": "observation-columbia-return_on_equity-authorized",
      "proceeding_id": "case-pa-puc-r-2024-3046519",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-columbia-gas-pa-fpfty-2025",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on equity was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-2024-black-box"
    },
    {
      "id": "observation-columbia-return_on_equity-utility_request",
      "proceeding_id": "case-pa-puc-r-2024-3046519",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-pa",
      "party_name": "Columbia Gas of Pennsylvania, Inc.",
      "period": {
        "id": "period-columbia-gas-pa-fpfty-2025",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 11.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested return on common equity",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-03-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-2024-capital"
    },
    {
      "id": "observation-columbia-revenue_change_percentage-utility_request",
      "proceeding_id": "case-pa-puc-r-2024-3046519",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-pa-gas",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-pa",
      "party_name": "Columbia Gas of Pennsylvania, Inc.",
      "period": {
        "id": "period-columbia-gas-pa-fpfty-2025",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 15.79,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested annual increase percentage",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-03-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-2024-request"
    },
    {
      "id": "observation-coned-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-coned-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-coned-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-coned-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-coned-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-coned-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-coned-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-coned-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-coned-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-coned-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-coned-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-coned-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-consumers-electric-equity-2026-03-27",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 42.3,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Common equity in the authorized ratemaking capital structure; equivalent to 50% on a financial basis.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-electric-u-21870-summary"
    },
    {
      "id": "observation-consumers-electric-rate-base-2026-03-27",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 16110000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Electric generation and distribution; excludes approximately $2.1 billion of RPS renewables.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-electric-u-21870-summary"
    },
    {
      "id": "observation-consumers-electric-roe-2026-03-27",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 9.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Electric generation and distribution base rates.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-electric-u-21870-summary"
    },
    {
      "id": "observation-consumers-energy-u-21585-annual-revenue-change-authorized",
      "proceeding_id": "case-mi-mpsc-u-21585",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 153809000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-03-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mi-mpsc-u-21585-order-summary"
    },
    {
      "id": "observation-consumers-energy-u-21585-annual-revenue-change-requested",
      "proceeding_id": "case-mi-mpsc-u-21585",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 325000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-05-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mi-mpsc-u-21585-order-summary"
    },
    {
      "id": "observation-consumers-energy-u-21585-return-on-equity-authorized",
      "proceeding_id": "case-mi-mpsc-u-21585",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-03-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mi-mpsc-u-21585-order-summary"
    },
    {
      "id": "observation-consumers-energy-u-21585-return-on-equity-requested",
      "proceeding_id": "case-mi-mpsc-u-21585",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-05-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mi-mpsc-u-21585-order-summary"
    },
    {
      "id": "observation-consumers-energy-u-21806-annual-revenue-change-authorized",
      "proceeding_id": "case-mi-mpsc-u-21806",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 157495000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mi-mpsc-u-21806-order-summary"
    },
    {
      "id": "observation-consumers-energy-u-21806-annual-revenue-change-requested",
      "proceeding_id": "case-mi-mpsc-u-21806",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 248000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-12-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mi-consumers-u-21806-application"
    },
    {
      "id": "observation-consumers-energy-u-21806-return-on-equity-authorized",
      "proceeding_id": "case-mi-mpsc-u-21806",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mi-mpsc-u-21806-order-summary"
    },
    {
      "id": "observation-consumers-energy-u-21806-return-on-equity-requested",
      "proceeding_id": "case-mi-mpsc-u-21806",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mi-consumers-u-21806-application"
    },
    {
      "id": "observation-consumers-energy-u-21981-rate-impact-request",
      "proceeding_id": "case-consumers-energy-u-21981",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": null,
      "numeric_value": 10,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "utility-stated overall gas-customer rate impact",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21981-ag-filing-announcement"
    },
    {
      "id": "observation-consumers-energy-u-21981-residential-impact-request",
      "proceeding_id": "case-consumers-energy-u-21981",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": null,
      "numeric_value": 8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "utility-stated residential gas-customer rate impact",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21981-ag-filing-announcement"
    },
    {
      "id": "observation-consumers-energy-u-21981-revenue-request",
      "proceeding_id": "case-consumers-energy-u-21981",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": null,
      "numeric_value": 240000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "requested natural-gas rate increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-12-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21981-ag-filing-announcement"
    },
    {
      "id": "observation-consumers-energy-u-22070-residential-impact-request",
      "proceeding_id": "case-consumers-energy-u-22070",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "utility-stated residential electric rate impact",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-22070-ag-filing-announcement"
    },
    {
      "id": "observation-consumers-energy-u-22070-revenue-request",
      "proceeding_id": "case-consumers-energy-u-22070",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": null,
      "numeric_value": 456000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "requested electric base-rate revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-06-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-22070-ag-filing-announcement"
    },
    {
      "id": "observation-consumers-gas-equity-2025-09-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 41.95,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Common equity in the authorized ratemaking capital structure; equivalent to 50% on a financial basis.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-gas-u-21806-summary"
    },
    {
      "id": "observation-consumers-gas-rate-base-2025-09-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 11490000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Natural-gas distribution rate base.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-gas-u-21806-summary"
    },
    {
      "id": "observation-consumers-gas-roe-2025-09-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Natural-gas distribution base rates.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-gas-u-21806-summary"
    },
    {
      "id": "observation-coserv-gas-os-23-00014771-equity-ratio-authorized",
      "proceeding_id": "case-coserv-gas-os-23-00014771",
      "utility_jurisdiction_id": "jurisdiction-coserv-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 42.14,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "CoServ Gas authorized common-equity weight in total capitalization under the OS-23-00014771 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-02-24",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-coserv-gas-os-23-00014771-capital-terms"
    },
    {
      "id": "observation-coserv-gas-os-23-00014771-rate-base-authorized-missing",
      "proceeding_id": "case-coserv-gas-os-23-00014771",
      "utility_jurisdiction_id": "jurisdiction-coserv-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The approved CoServ Gas settlement does not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-02-24",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-coserv-gas-os-23-00014771-rate-base-missing"
    },
    {
      "id": "observation-coserv-gas-os-23-00014771-roe-authorized",
      "proceeding_id": "case-coserv-gas-os-23-00014771",
      "utility_jurisdiction_id": "jurisdiction-coserv-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "CoServ Gas authorized return on common equity under the OS-23-00014771 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-02-24",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-coserv-gas-os-23-00014771-capital-terms"
    },
    {
      "id": "observation-coverage-pa-duquesne-light-large-load-application_deposit_usd",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "large_load_application_deposit_usd",
      "metric_label": "Large Load Application Deposit Usd",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 250000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Duquesne Light large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-duquesne-large-load-customer-growth"
    },
    {
      "id": "observation-coverage-pa-duquesne-light-large-load-submitted_load_ramp_years",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "large_load_submitted_load_ramp_years",
      "metric_label": "Large Load Submitted Load Ramp Years",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 10,
      "text_value": null,
      "boolean_value": null,
      "unit": "years",
      "scope": "Duquesne Light large-load coverage",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-duquesne-large-load-customer-growth"
    },
    {
      "id": "observation-dominion-energy-virginia-pur-2025-00058-annual-revenue-change-authorized",
      "proceeding_id": "case-va-scc-pur-2025-00058",
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 565700000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-11-25",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-va-scc-pur-2025-00058-final-order"
    },
    {
      "id": "observation-dominion-energy-virginia-pur-2025-00058-annual-revenue-change-requested",
      "proceeding_id": "case-va-scc-pur-2025-00058",
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 822000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-03-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-va-scc-pur-2025-00058-final-order"
    },
    {
      "id": "observation-dominion-energy-virginia-pur-2025-00058-common-equity-ratio-authorized",
      "proceeding_id": "case-va-scc-pur-2025-00058",
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 52.035,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-25",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-va-scc-pur-2025-00058-final-order"
    },
    {
      "id": "observation-dominion-energy-virginia-pur-2025-00058-return-on-equity-authorized",
      "proceeding_id": "case-va-scc-pur-2025-00058",
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-25",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-va-scc-pur-2025-00058-final-order"
    },
    {
      "id": "observation-dominion-energy-virginia-pur-2025-00058-return-on-equity-requested",
      "proceeding_id": "case-va-scc-pur-2025-00058",
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 10.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-03-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-va-scc-pur-2025-00058-final-order"
    },
    {
      "id": "observation-dominion-virginia-base-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-dominion-energy-virginia-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "company_projected",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 14500000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Virginia base-rate jurisdiction only; excludes separately disclosed transmission and rider rate base.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dominion-q4-2024-earnings-slides"
    },
    {
      "id": "observation-dte-electric-equity-2026-02-19",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 50,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "DTE Electric debt-to-equity capital structure in MPSC Case U-21860.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-02-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mpsc-dte-electric-u-21860-summary"
    },
    {
      "id": "observation-dte-electric-u21860-equity-request",
      "proceeding_id": "case-dte-electric-u-21860",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": {
        "id": "period-dte-electric-u21860-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 50.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "DTE Electric requested permanent-capital common-equity layer.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-04-24",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-dte-electric-u21860-request-page-71"
    },
    {
      "id": "observation-dte-electric-u21860-rate-base-request",
      "proceeding_id": "case-dte-electric-u-21860",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": {
        "id": "period-dte-electric-u21860-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 23560071000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "DTE Electric requested projected test-year rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-04-24",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-dte-electric-u21860-request-page-66"
    },
    {
      "id": "observation-dte-electric-u21860-revenue-authorized",
      "proceeding_id": "case-dte-electric-u-21860",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 242000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "MPSC-authorized annual revenue increase, rounded in DTE's Form 10-Q.",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-02-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-dte-2026-q1-regulatory-update-page-27"
    },
    {
      "id": "observation-dte-electric-u21860-revenue-request",
      "proceeding_id": "case-dte-electric-u-21860",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": {
        "id": "period-dte-electric-u21860-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 574067000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "DTE Electric requested total annual revenue deficiency.",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-04-24",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-dte-electric-u21860-request-page-66"
    },
    {
      "id": "observation-dte-electric-u21860-roe-authorized",
      "proceeding_id": "case-dte-electric-u-21860",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 9.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "MPSC-authorized return on common equity for DTE Electric base rates.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-19",
      "missing_reason": null,
      "supersedes_observation_id": "observation-dte-electric-roe-2026-02-19",
      "citation_id": "citation-dte-2026-q1-regulatory-update-page-27"
    },
    {
      "id": "observation-dte-electric-u21860-roe-request",
      "proceeding_id": "case-dte-electric-u-21860",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": {
        "id": "period-dte-electric-u21860-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 10.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "DTE Electric requested common-equity return.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-04-24",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-dte-electric-u21860-request-page-69"
    },
    {
      "id": "observation-dte-electric-u22046-revenue-request",
      "proceeding_id": "case-dte-electric-u-22046",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": {
        "id": "period-dte-electric-u22046-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending February 29, 2028",
        "year": 2028,
        "start_date": "2027-03-01",
        "end_date": "2028-02-29"
      },
      "numeric_value": 474000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "DTE Electric requested annual base-rate increase, rounded in its Form 10-Q.",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-04-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-dte-2026-q1-regulatory-update-page-27"
    },
    {
      "id": "observation-dte-electric-u22046-roe-request",
      "proceeding_id": "case-dte-electric-u-22046",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": {
        "id": "period-dte-electric-u22046-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending February 29, 2028",
        "year": 2028,
        "start_date": "2027-03-01",
        "end_date": "2028-02-29"
      },
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "DTE Electric requested common-equity return.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-04-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-dte-2026-q1-regulatory-update-page-27"
    },
    {
      "id": "observation-dte-gas-equity-2024-11-07",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 50,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "DTE Gas capital structure in MPSC Case U-21291.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mpsc-dte-gas-u-21291-summary"
    },
    {
      "id": "observation-dte-gas-roe-2024-11-07",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "DTE Gas base rates in MPSC Case U-21291.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mpsc-dte-gas-u-21291-summary"
    },
    {
      "id": "observation-dte-gas-u-21973-rate-impact-request",
      "proceeding_id": "case-dte-gas-u-21973",
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "utility-dte-gas",
      "party_name": "DTE Gas Company",
      "period": null,
      "numeric_value": 10,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "utility-stated overall gas-customer rate impact",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-gas-u-21973-ag-testimony-announcement"
    },
    {
      "id": "observation-dte-gas-u-21973-residential-impact-request",
      "proceeding_id": "case-dte-gas-u-21973",
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "utility-dte-gas",
      "party_name": "DTE Gas Company",
      "period": null,
      "numeric_value": 8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "utility-stated minimum residential gas-customer rate impact",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-gas-u-21973-ag-testimony-announcement"
    },
    {
      "id": "observation-dte-gas-u-21973-revenue-ag-position",
      "proceeding_id": "case-dte-gas-u-21973",
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "consumer_advocate",
      "party_id": "party-mi-attorney-general",
      "party_name": "party-mi-attorney-general",
      "period": null,
      "numeric_value": 34800000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Michigan Attorney General testimony recommendation",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-03-13",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-gas-u-21973-ag-testimony-announcement"
    },
    {
      "id": "observation-dte-gas-u21973-equity-request",
      "proceeding_id": "case-dte-gas-u-21973",
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-dte-gas",
      "party_name": "DTE Gas Company",
      "period": {
        "id": "period-dte-gas-u21973-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending September 30, 2027",
        "year": 2027,
        "start_date": "2026-10-01",
        "end_date": "2027-09-30"
      },
      "numeric_value": 50.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "DTE Gas requested permanent-capital common-equity layer.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-13",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-dte-gas-u21973-request-page-40"
    },
    {
      "id": "observation-dte-gas-u21973-rate-base-request",
      "proceeding_id": "case-dte-gas-u-21973",
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-dte-gas",
      "party_name": "DTE Gas Company",
      "period": {
        "id": "period-dte-gas-u21973-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending September 30, 2027",
        "year": 2027,
        "start_date": "2026-10-01",
        "end_date": "2027-09-30"
      },
      "numeric_value": 8033624000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "DTE Gas requested projected test-year rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-13",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-dte-gas-u21973-request-page-40"
    },
    {
      "id": "observation-dte-gas-u21973-revenue-deficiency-request",
      "proceeding_id": "case-dte-gas-u-21973",
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-dte-gas",
      "party_name": "DTE Gas Company",
      "period": {
        "id": "period-dte-gas-u21973-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending September 30, 2027",
        "year": 2027,
        "start_date": "2026-10-01",
        "end_date": "2027-09-30"
      },
      "numeric_value": 237460000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "DTE Gas requested total annual revenue deficiency before the infrastructure-recovery-mechanism roll-in.",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-11-13",
      "missing_reason": null,
      "supersedes_observation_id": "observation-dte-gas-u-21973-revenue-request",
      "citation_id": "citation-dte-gas-u21973-request-page-47"
    },
    {
      "id": "observation-dte-gas-u21973-roe-request",
      "proceeding_id": "case-dte-gas-u-21973",
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-dte-gas",
      "party_name": "DTE Gas Company",
      "period": {
        "id": "period-dte-gas-u21973-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending September 30, 2027",
        "year": 2027,
        "start_date": "2026-10-01",
        "end_date": "2027-09-30"
      },
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "DTE Gas requested common-equity return.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-13",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-dte-gas-u21973-request-page-40"
    },
    {
      "id": "observation-duke-energy-ohio-gas-equity-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-duke-energy-ohio-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 52.32,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Duke Energy Ohio natural-gas base distribution authorized equity component.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-duke-energy-2025-form-10k-ohio-gas"
    },
    {
      "id": "observation-duke-energy-ohio-gas-roe-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-duke-energy-ohio-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Duke Energy Ohio natural-gas base distribution rates approved in the 2022 gas rate case.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-duke-energy-2025-form-10k-ohio-gas"
    },
    {
      "id": "observation-duke-ohio-26-132-equity-request",
      "proceeding_id": "case-duke-energy-ohio-26-132-el-air",
      "utility_jurisdiction_id": "jurisdiction-duke-energy-ohio-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-duke-energy-ohio",
      "party_name": "Duke Energy Ohio, Inc.",
      "period": null,
      "numeric_value": 52.66,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested ratemaking capital structure common-equity layer.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-duke-q1-2026-ohio-electric-rate-case"
    },
    {
      "id": "observation-duke-ohio-26-132-revenue-request",
      "proceeding_id": "case-duke-energy-ohio-26-132-el-air",
      "utility_jurisdiction_id": "jurisdiction-duke-energy-ohio-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-duke-energy-ohio",
      "party_name": "Duke Energy Ohio, Inc.",
      "period": null,
      "numeric_value": 90000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested annualized electric distribution base-rate increase.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-duke-q1-2026-ohio-electric-rate-case"
    },
    {
      "id": "observation-duke-ohio-26-132-roe-request",
      "proceeding_id": "case-duke-energy-ohio-26-132-el-air",
      "utility_jurisdiction_id": "jurisdiction-duke-energy-ohio-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-duke-energy-ohio",
      "party_name": "Duke Energy Ohio, Inc.",
      "period": null,
      "numeric_value": 10.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested common-equity return for the electric distribution case.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-duke-q1-2026-ohio-electric-rate-case"
    },
    {
      "id": "observation-duke-ohio-electric-equity-authorized",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-duke-energy-ohio-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 50.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Allowed equity layer for Ohio retail electric service.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-10",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-duke-ohio-q4-2025-page-38"
    },
    {
      "id": "observation-duke-ohio-electric-rate-base-2025",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-duke-energy-ohio-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 2000000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Ohio state-jurisdictional retail electric distribution rate base; excludes separately reported wholesale transmission rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-10",
      "missing_reason": null,
      "supersedes_observation_id": "observation-duke-ohio-26-132-rate-base-missing",
      "citation_id": "citation-duke-ohio-q4-2025-page-38"
    },
    {
      "id": "observation-duke-ohio-electric-roe-authorized",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-duke-energy-ohio-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 9.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Allowed return on equity for Ohio retail electric distribution service.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-10",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-duke-ohio-q4-2025-page-38"
    },
    {
      "id": "observation-duquesne-light-dsic-roe-2026",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "mechanism_authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 10.05,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Commission-approved ROE for Duquesne Light's Distribution System Improvement Charge",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-duquesne-light-dsic-roe-2026"
    },
    {
      "id": "observation-duquesne-light-r-2021-3024750-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2021-3024750",
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 45000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-12-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pa-puc-r-2021-3024750-final-order"
    },
    {
      "id": "observation-duquesne-light-r-2021-3024750-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2021-3024750",
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 85800000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-04-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-duquesne-r-2021-3024750-filing"
    },
    {
      "id": "observation-duquesne-light-r-2021-3024750-annual-revenue-change-settlement",
      "proceeding_id": "case-pa-puc-r-2021-3024750",
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "settlement",
      "party_id": "party-settling-parties",
      "party_name": "party-settling-parties",
      "period": null,
      "numeric_value": 45000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-09-03",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pa-puc-r-2021-3024750-final-order"
    },
    {
      "id": "observation-duquesne-light-r-2024-3046523-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2024-3046523",
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 53000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pa-puc-r-2024-3046523-recommended-decision"
    },
    {
      "id": "observation-duquesne-light-r-2024-3046523-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2024-3046523",
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 101000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-03-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-duquesne-r-2024-3046523-filing"
    },
    {
      "id": "observation-duquesne-light-r-2024-3046523-annual-revenue-change-settlement",
      "proceeding_id": "case-pa-puc-r-2024-3046523",
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "settlement",
      "party_id": "party-settling-parties",
      "party_name": "party-settling-parties",
      "period": null,
      "numeric_value": 53000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-08-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pa-puc-r-2024-3046523-recommended-decision"
    },
    {
      "id": "observation-duquesne-r-2024-3046523-equity-ratio-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2024-3046523",
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The approved Duquesne Light black-box settlement does not state an authorized common-equity ratio.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-20",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-duquesne-r-2024-3046523-black-box-capital-structure"
    },
    {
      "id": "observation-duquesne-r-2024-3046523-rate-base-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2024-3046523",
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The approved Duquesne Light black-box settlement does not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-20",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-duquesne-r-2024-3046523-black-box-rate-base-roe"
    },
    {
      "id": "observation-duquesne-r-2024-3046523-roe-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2024-3046523",
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The approved Duquesne Light black-box settlement does not state an authorized ROE.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-20",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-duquesne-r-2024-3046523-black-box-rate-base-roe"
    },
    {
      "id": "observation-elizabethtown-gas-equity-authorized-2024",
      "proceeding_id": "case-nj-bpu-gr24020158",
      "utility_jurisdiction_id": "jurisdiction-elizabethtown-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 55,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity share of capitalization",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-elizabethtown-gas-2024-authorized-economics"
    },
    {
      "id": "observation-elizabethtown-gas-gr21121254-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-gr21121254",
      "utility_jurisdiction_id": "jurisdiction-elizabethtown-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 40000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-08-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr21121254-order"
    },
    {
      "id": "observation-elizabethtown-gas-gr21121254-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-gr21121254",
      "utility_jurisdiction_id": "jurisdiction-elizabethtown-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 76620000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-12-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr21121254-order"
    },
    {
      "id": "observation-elizabethtown-gas-gr24020158-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-gr24020158",
      "utility_jurisdiction_id": "jurisdiction-elizabethtown-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 38000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr24020158-order"
    },
    {
      "id": "observation-elizabethtown-gas-gr24020158-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-gr24020158",
      "utility_jurisdiction_id": "jurisdiction-elizabethtown-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 75600000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-02-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr24020158-order"
    },
    {
      "id": "observation-elizabethtown-gas-rate-base-authorized-2024",
      "proceeding_id": "case-nj-bpu-gr24020158",
      "utility_jurisdiction_id": "jurisdiction-elizabethtown-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 1773000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized base-rate rate base",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-elizabethtown-gas-2024-authorized-economics"
    },
    {
      "id": "observation-elizabethtown-gas-roe-authorized-2024",
      "proceeding_id": "case-nj-bpu-gr24020158",
      "utility_jurisdiction_id": "jurisdiction-elizabethtown-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on common equity",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-elizabethtown-gas-2024-authorized-economics"
    },
    {
      "id": "observation-enbridge-gas-ohio-equity-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-enbridge-gas-ohio-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 51.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Enbridge Gas Ohio base distribution equity thickness authorized by the June 2025 PUCO order.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-enbridge-2025-form-10k-ohio"
    },
    {
      "id": "observation-enbridge-gas-ohio-roe-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-enbridge-gas-ohio-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 9.79,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Enbridge Gas Ohio base distribution rates authorized by the June 2025 PUCO order.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-enbridge-2025-form-10k-ohio"
    },
    {
      "id": "observation-enbridge-ohio-rate-base-2024",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-enbridge-gas-ohio-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 4700000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Enbridge Gas Ohio actual utility rate base for 2024.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-enbridge-ohio-q4-2025-page-12"
    },
    {
      "id": "observation-entergy-louisiana-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-entergy-louisiana-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-entergy-louisiana-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-entergy-louisiana-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-entergy-louisiana-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-entergy-louisiana-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-entergy-louisiana-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-entergy-louisiana-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-entergy-louisiana-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-entergy-louisiana-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-entergy-louisiana-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-entergy-louisiana-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-entergy-texas-equity-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-entergy-texas-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 51.2,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Entergy Texas equity ratio currently in rates.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-entergy-q4-2025-presentation"
    },
    {
      "id": "observation-entergy-texas-rate-base-2025-06-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-entergy-texas-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 5300000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Composite currently-in-rates amount: $4.4 billion base-rate test-year rate base plus $0.8 billion DCRF and $0.1 billion TCRF additions disclosed by Entergy.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-entergy-q4-2025-presentation"
    },
    {
      "id": "observation-entergy-texas-roe-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-entergy-texas-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 9.57,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Entergy Texas rates currently in effect.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-entergy-q4-2025-presentation"
    },
    {
      "id": "observation-epcor-gas-texas-gud-10988-equity-ratio-authorized",
      "proceeding_id": "case-epcor-gas-texas-gud-10988",
      "utility_jurisdiction_id": "jurisdiction-epcor-gas-texas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 59,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "EPCOR Gas Texas authorized common-equity weight in total capitalization under the GUD No. 10988 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2021-01-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epcor-gas-texas-gud-10988-capital-terms"
    },
    {
      "id": "observation-epcor-gas-texas-gud-10988-rate-base-authorized-missing",
      "proceeding_id": "case-epcor-gas-texas-gud-10988",
      "utility_jurisdiction_id": "jurisdiction-epcor-gas-texas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The EPCOR Gas Texas GUD No. 10988 final order does not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2021-01-02",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-epcor-gas-texas-gud-10988-rate-base-missing"
    },
    {
      "id": "observation-epcor-gas-texas-gud-10988-roe-authorized",
      "proceeding_id": "case-epcor-gas-texas-gud-10988",
      "utility_jurisdiction_id": "jurisdiction-epcor-gas-texas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 9.45,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "EPCOR Gas Texas authorized return on common equity under the GUD No. 10988 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2021-01-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epcor-gas-texas-gud-10988-capital-terms"
    },
    {
      "id": "observation-epe-52195-equity-authorized",
      "proceeding_id": "case-el-paso-electric-52195",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 51,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PUCT-authorized regulatory equity capitalization; 49% long-term debt and 51% equity.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-09-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-52195-final-order-page-9"
    },
    {
      "id": "observation-epe-52195-equity-request",
      "proceeding_id": "case-el-paso-electric-52195",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-el-paso-electric",
      "party_name": "El Paso Electric Company",
      "period": {
        "id": "period-epe-52195-historical-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended December 31, 2020",
        "year": 2020,
        "start_date": "2020-01-01",
        "end_date": "2020-12-31"
      },
      "numeric_value": 51,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "El Paso Electric requested regulatory equity capitalization.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2021-06-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-52195-final-order-page-3"
    },
    {
      "id": "observation-epe-52195-overall-return-authorized",
      "proceeding_id": "case-el-paso-electric-52195",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 7.501,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PUCT-authorized weighted average cost of capital, effective November 3, 2021.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-09-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-52195-final-order-page-9"
    },
    {
      "id": "observation-epe-52195-overall-return-request",
      "proceeding_id": "case-el-paso-electric-52195",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-el-paso-electric",
      "party_name": "El Paso Electric Company",
      "period": {
        "id": "period-epe-52195-historical-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended December 31, 2020",
        "year": 2020,
        "start_date": "2020-01-01",
        "end_date": "2020-12-31"
      },
      "numeric_value": 7.985,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "El Paso Electric requested overall rate of return.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2021-06-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-52195-final-order-page-3"
    },
    {
      "id": "observation-epe-52195-revenue-authorized",
      "proceeding_id": "case-el-paso-electric-52195",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 5149000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "PUCT-authorized net Texas base-rate and non-firm annual revenue increase.",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-09-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-52195-final-order-page-8"
    },
    {
      "id": "observation-epe-52195-revenue-request-gross",
      "proceeding_id": "case-el-paso-electric-52195",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-el-paso-electric",
      "party_name": "El Paso Electric Company",
      "period": {
        "id": "period-epe-52195-historical-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended December 31, 2020",
        "year": 2020,
        "start_date": "2020-01-01",
        "end_date": "2020-12-31"
      },
      "numeric_value": 69700000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Original requested increase in Texas retail non-fuel revenue requirement.",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-06-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-52195-final-order-page-2"
    },
    {
      "id": "observation-epe-52195-revenue-request-net",
      "proceeding_id": "case-el-paso-electric-52195",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-el-paso-electric",
      "party_name": "El Paso Electric Company",
      "period": {
        "id": "period-epe-52195-historical-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended December 31, 2020",
        "year": 2020,
        "start_date": "2020-01-01",
        "end_date": "2020-12-31"
      },
      "numeric_value": 41800000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested net Texas base-revenue increase after accounting for DCRF and TCRF revenues.",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-06-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-52195-final-order-page-3"
    },
    {
      "id": "observation-epe-52195-roe-authorized",
      "proceeding_id": "case-el-paso-electric-52195",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 9.35,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PUCT-authorized return on common equity, effective November 3, 2021.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-09-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-52195-final-order-page-9"
    },
    {
      "id": "observation-epe-52195-roe-request",
      "proceeding_id": "case-el-paso-electric-52195",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-el-paso-electric",
      "party_name": "El Paso Electric Company",
      "period": {
        "id": "period-epe-52195-historical-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended December 31, 2020",
        "year": 2020,
        "start_date": "2020-01-01",
        "end_date": "2020-12-31"
      },
      "numeric_value": 10.3,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "El Paso Electric requested return on common equity.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2021-06-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-52195-final-order-page-3"
    },
    {
      "id": "observation-epe-57568-equity-request",
      "proceeding_id": "case-el-paso-electric-57568",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-el-paso-electric",
      "party_name": "El Paso Electric Company",
      "period": {
        "id": "period-epe-57568-historical-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended September 30, 2024",
        "year": 2024,
        "start_date": "2023-10-01",
        "end_date": "2024-09-30"
      },
      "numeric_value": 56.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "El Paso Electric requested equity capitalization.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-57568-preliminary-order-page-2"
    },
    {
      "id": "observation-epe-57568-overall-return-request",
      "proceeding_id": "case-el-paso-electric-57568",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-el-paso-electric",
      "party_name": "El Paso Electric Company",
      "period": {
        "id": "period-epe-57568-historical-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended September 30, 2024",
        "year": 2024,
        "start_date": "2023-10-01",
        "end_date": "2024-09-30"
      },
      "numeric_value": 8.36,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "El Paso Electric requested overall rate of return on rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-57568-preliminary-order-page-2"
    },
    {
      "id": "observation-epe-57568-rate-base-request",
      "proceeding_id": "case-el-paso-electric-57568",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-el-paso-electric",
      "party_name": "El Paso Electric Company",
      "period": {
        "id": "period-epe-57568-historical-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended September 30, 2024",
        "year": 2024,
        "start_date": "2023-10-01",
        "end_date": "2024-09-30"
      },
      "numeric_value": 3600000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "El Paso Electric asserted total-company rate base, rounded in the PUCT preliminary order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-57568-preliminary-order-page-2"
    },
    {
      "id": "observation-epe-57568-revenue-request-gross",
      "proceeding_id": "case-el-paso-electric-57568",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-el-paso-electric",
      "party_name": "El Paso Electric Company",
      "period": {
        "id": "period-epe-57568-historical-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended September 30, 2024",
        "year": 2024,
        "start_date": "2023-10-01",
        "end_date": "2024-09-30"
      },
      "numeric_value": 129000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Overall requested annual retail base-rate and miscellaneous revenue increase.",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-01-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-57568-preliminary-order-page-2"
    },
    {
      "id": "observation-epe-57568-revenue-request-net",
      "proceeding_id": "case-el-paso-electric-57568",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-el-paso-electric",
      "party_name": "El Paso Electric Company",
      "period": {
        "id": "period-epe-57568-historical-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended September 30, 2024",
        "year": 2024,
        "start_date": "2023-10-01",
        "end_date": "2024-09-30"
      },
      "numeric_value": 83470000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Net requested annual increase after resetting existing DCRF and GCRR revenues in this proceeding.",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-01-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-57568-preliminary-order-page-2"
    },
    {
      "id": "observation-epe-57568-roe-request",
      "proceeding_id": "case-el-paso-electric-57568",
      "utility_jurisdiction_id": "jurisdiction-el-paso-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-el-paso-electric",
      "party_name": "El Paso Electric Company",
      "period": {
        "id": "period-epe-57568-historical-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended September 30, 2024",
        "year": 2024,
        "start_date": "2023-10-01",
        "end_date": "2024-09-30"
      },
      "numeric_value": 10.7,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "El Paso Electric requested return on common equity.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-epe-57568-preliminary-order-page-2"
    },
    {
      "id": "observation-firstenergy-ohio-24-468-el-air-annual-revenue-change-authorized",
      "proceeding_id": "case-oh-puco-24-468-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": -5300000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-02-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-oh-puco-24-468-el-air-rehearing"
    },
    {
      "id": "observation-firstenergy-ohio-24-468-el-air-annual-revenue-change-requested",
      "proceeding_id": "case-oh-puco-24-468-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 190300000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-05-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-oh-puco-24-468-el-air-rehearing"
    },
    {
      "id": "observation-firstenergy-pa-dsic-roe-2026",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-firstenergy-pa-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "mechanism_authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 10.05,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Commission-approved ROE for FirstEnergy Pennsylvania Electric Company's Distribution System Improvement Charge",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-dsic-roe-2026"
    },
    {
      "id": "observation-firstenergy-pa-equity-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-firstenergy-pa-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity ratio in the 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-firstenergy-pa-r-2024-3047068-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-firstenergy-pa-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 225000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-r-2024-3047068-outcome"
    },
    {
      "id": "observation-firstenergy-pa-r-2024-3047068-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-firstenergy-pa-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 502000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-04-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-r-2024-3047068-sec"
    },
    {
      "id": "observation-firstenergy-pa-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-firstenergy-pa-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 6900000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Combined FirstEnergy Pennsylvania distribution rate base after consolidation of the former Pennsylvania operating companies.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-form-10k-pa"
    },
    {
      "id": "observation-firstenergy-pa-roe-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-firstenergy-pa-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on common equity in the 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-fl-duke-florida-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-duke-florida-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-duke-settlement"
    },
    {
      "id": "observation-fl-duke-florida-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-duke-florida-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-duke-settlement"
    },
    {
      "id": "observation-fl-duke-florida-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-duke-florida-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 10.3,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-duke-settlement"
    },
    {
      "id": "observation-fl-fcg-request-annual_revenue_change",
      "proceeding_id": "case-fl-fcg-20260026",
      "utility_jurisdiction_id": "uj-fl-florida-city-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-fl-fcg",
      "party_name": "Pivotal Utility Holdings, Inc. d/b/a Florida City Gas",
      "period": null,
      "numeric_value": 63300000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fcg-application"
    },
    {
      "id": "observation-fl-fcg-request-common_equity_ratio",
      "proceeding_id": "case-fl-fcg-20260026",
      "utility_jurisdiction_id": "uj-fl-florida-city-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "party-fl-fcg",
      "party_name": "Pivotal Utility Holdings, Inc. d/b/a Florida City Gas",
      "period": null,
      "numeric_value": 50.14,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fcg-application"
    },
    {
      "id": "observation-fl-fcg-request-return_on_equity",
      "proceeding_id": "case-fl-fcg-20260026",
      "utility_jurisdiction_id": "uj-fl-florida-city-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-fl-fcg",
      "party_name": "Pivotal Utility Holdings, Inc. d/b/a Florida City Gas",
      "period": null,
      "numeric_value": 11.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fcg-application"
    },
    {
      "id": "observation-fl-florida-city-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-florida-city-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 59.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-florida-city-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-florida-city-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 488147944,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-florida-city-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-florida-city-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 9.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-fpl-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-fpl-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpl-order"
    },
    {
      "id": "observation-fl-fpl-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-fpl-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpl-order"
    },
    {
      "id": "observation-fl-fpl-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-fpl-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 10.95,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpl-order"
    },
    {
      "id": "observation-fl-fpuc-electric-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-fpuc-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpuc-order"
    },
    {
      "id": "observation-fl-fpuc-electric-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-fpuc-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpuc-order"
    },
    {
      "id": "observation-fl-fpuc-electric-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-fpuc-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpuc-order"
    },
    {
      "id": "observation-fl-fpuc-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-fpuc-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 55.1,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-fpuc-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-fpuc-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 482410455,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-fpuc-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-fpuc-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-peoples-gas-fl-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-peoples-gas-fl-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 54.7,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-peoples-gas-fl-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-peoples-gas-fl-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 2203576000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-peoples-gas-fl-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-peoples-gas-fl-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 10.15,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-sebring-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-sebring-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 38.43,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-sebring-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-sebring-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 4464446,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-sebring-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-sebring-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 11,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-st-joe-natural-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-st-joe-natural-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 60,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-st-joe-natural-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-st-joe-natural-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 3037553,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-st-joe-natural-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-st-joe-natural-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 11,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-fpsc-gas-economics"
    },
    {
      "id": "observation-fl-tampa-electric-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-tampa-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 54,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-teco-order"
    },
    {
      "id": "observation-fl-tampa-electric-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-tampa-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-teco-order"
    },
    {
      "id": "observation-fl-tampa-electric-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-fl-tampa-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-fl-fpsc",
      "party_name": "Florida Public Service Commission",
      "period": null,
      "numeric_value": 10.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Florida retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-fl-teco-order"
    },
    {
      "id": "observation-ga-atlanta-gas-light-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-ga-atlanta-gas-light-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-ga-psc",
      "party_name": "Georgia Public Service Commission",
      "period": null,
      "numeric_value": 56,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current Georgia retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ga-agl-gram"
    },
    {
      "id": "observation-ga-atlanta-gas-light-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-ga-atlanta-gas-light-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-ga-psc",
      "party_name": "Georgia Public Service Commission",
      "period": null,
      "numeric_value": 334156838,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Current Georgia retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ga-agl-gram"
    },
    {
      "id": "observation-ga-atlanta-gas-light-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-ga-atlanta-gas-light-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-ga-psc",
      "party_name": "Georgia Public Service Commission",
      "period": null,
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current Georgia retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ga-agl-gram"
    },
    {
      "id": "observation-ga-georgia-power-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-ga-georgia-power-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-ga-psc",
      "party_name": "Georgia Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current Georgia retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ga-gpc-rate-plan"
    },
    {
      "id": "observation-ga-georgia-power-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-ga-georgia-power-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-ga-psc",
      "party_name": "Georgia Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Current Georgia retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ga-gpc-rate-plan"
    },
    {
      "id": "observation-ga-georgia-power-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-ga-georgia-power-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-ga-psc",
      "party_name": "Georgia Public Service Commission",
      "period": null,
      "numeric_value": 10.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current Georgia retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ga-gpc-rate-plan"
    },
    {
      "id": "observation-ga-liberty-ga-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-ga-liberty-ga-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-ga-psc",
      "party_name": "Georgia Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current Georgia retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ga-liberty-gram"
    },
    {
      "id": "observation-ga-liberty-ga-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-ga-liberty-ga-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-ga-psc",
      "party_name": "Georgia Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Current Georgia retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ga-liberty-gram"
    },
    {
      "id": "observation-ga-liberty-ga-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-ga-liberty-ga-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-ga-psc",
      "party_name": "Georgia Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current Georgia retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ga-liberty-gram"
    },
    {
      "id": "observation-idaho-power-oregon-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-idaho-power-oregon-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Oregon launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-idaho-power-oregon-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-idaho-power-oregon-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Oregon launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-idaho-power-oregon-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-idaho-power-oregon-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Oregon launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-il-ameren-illinois-electric-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-ameren-illinois-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois electric retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-ameren-illinois-electric-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-ameren-illinois-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois electric retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-ameren-illinois-electric-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-ameren-illinois-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois electric retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-ameren-illinois-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-ameren-illinois-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-ameren-illinois-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-ameren-illinois-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-ameren-illinois-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-ameren-illinois-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-comed-electric-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-comed-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois electric retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-comed-electric-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-comed-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois electric retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-comed-electric-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-comed-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois electric retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-consumers-gas-il-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-consumers-gas-il-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-consumers-gas-il-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-consumers-gas-il-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-consumers-gas-il-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-consumers-gas-il-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-illinois-gas-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-illinois-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-illinois-gas-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-illinois-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-illinois-gas-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-illinois-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-liberty-gas-il-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-liberty-gas-il-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-liberty-gas-il-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-liberty-gas-il-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-liberty-gas-il-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-liberty-gas-il-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-midamerican-illinois-electric-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-midamerican-illinois-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois electric retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-midamerican-illinois-electric-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-midamerican-illinois-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois electric retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-midamerican-illinois-electric-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-midamerican-illinois-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois electric retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-midamerican-illinois-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-midamerican-illinois-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-midamerican-illinois-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-midamerican-illinois-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-midamerican-illinois-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-midamerican-illinois-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-mt-carmel-electric-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-mt-carmel-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois electric retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-mt-carmel-electric-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-mt-carmel-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois electric retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-mt-carmel-electric-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-mt-carmel-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois electric retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-mt-carmel-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-mt-carmel-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-mt-carmel-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-mt-carmel-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-mt-carmel-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-mt-carmel-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-nicor-gas-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-nicor-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-nicor-gas-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-nicor-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-nicor-gas-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-nicor-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-north-shore-gas-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-north-shore-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-north-shore-gas-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-north-shore-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-north-shore-gas-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-north-shore-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-peoples-gas-il-gas-common_equity_ratio",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-peoples-gas-il-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-peoples-gas-il-gas-rate_base",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-peoples-gas-il-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-il-peoples-gas-il-gas-return_on_equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-il-peoples-gas-il-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-il-icc",
      "party_name": "Illinois Commerce Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Illinois gas retail jurisdiction",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-il-icc-about"
    },
    {
      "id": "observation-indiana-michigan-power-equity-2024-07-01",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-indiana-michigan-power-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 48,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Common-equity component of the Michigan retail capital structure.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mpsc-indiana-michigan-power-2024-report"
    },
    {
      "id": "observation-indiana-michigan-power-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-indiana-michigan-power-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 6887000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Company-disclosed I&M rate-base proxy across Michigan, Indiana, and FERC wholesale operations.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-indiana-michigan-2026-rate-base-roe"
    },
    {
      "id": "observation-indiana-michigan-power-roe-2024-07-01",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-indiana-michigan-power-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 9.86,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Indiana Michigan Power's Michigan retail electric base rates.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-07-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mpsc-indiana-michigan-power-2024-report"
    },
    {
      "id": "observation-jcpl-equity-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-jersey-central-power-light-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 51.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "JCP&L New Jersey distribution base-rate capital structure.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-rate-order-table"
    },
    {
      "id": "observation-jcpl-er20020146-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-er20020146",
      "utility_jurisdiction_id": "jurisdiction-jersey-central-power-light-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 94000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2020-10-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er20020146-order"
    },
    {
      "id": "observation-jcpl-er20020146-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-er20020146",
      "utility_jurisdiction_id": "jurisdiction-jersey-central-power-light-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 186900000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2020-02-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er20020146-order"
    },
    {
      "id": "observation-jcpl-er23030144-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-er23030144",
      "utility_jurisdiction_id": "jurisdiction-jersey-central-power-light-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 85000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-02-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er23030144-order"
    },
    {
      "id": "observation-jcpl-er23030144-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-er23030144",
      "utility_jurisdiction_id": "jurisdiction-jersey-central-power-light-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 184950000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2023-03-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er23030144-order"
    },
    {
      "id": "observation-jcpl-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-jersey-central-power-light-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 5100000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Combined JCP&L distribution and transmission rate base; distribution was $3.7 billion and transmission $1.4 billion.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-form-s4-jcpl"
    },
    {
      "id": "observation-jcpl-roe-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-jersey-central-power-light-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "JCP&L New Jersey distribution base rates effective June 2024.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-rate-order-table"
    },
    {
      "id": "observation-kedli-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-kedli-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-kedli-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-kedli-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-kedli-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-kedli-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-kedny-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-kedny-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-kedny-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-kedny-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-kedny-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-kedny-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-madison-gas-electric-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-madison-gas-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-madison-gas-electric-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-madison-gas-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-madison-gas-electric-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-madison-gas-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-madison-gas-electric-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-madison-gas-electric-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-madison-gas-electric-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-madison-gas-electric-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-madison-gas-electric-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-madison-gas-electric-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-markham-gas-os-22-00008970-equity-ratio-authorized",
      "proceeding_id": "case-markham-gas-os-22-00008970",
      "utility_jurisdiction_id": "jurisdiction-markham-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 55,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Markham Gas authorized common-equity weight in total capitalization under the OS-22-00008970 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-09-24",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-markham-gas-os-22-00008970-capital-terms"
    },
    {
      "id": "observation-markham-gas-os-22-00008970-rate-base-authorized-missing",
      "proceeding_id": "case-markham-gas-os-22-00008970",
      "utility_jurisdiction_id": "jurisdiction-markham-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The approved Markham Gas settlement does not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-09-24",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-markham-gas-os-22-00008970-rate-base-missing"
    },
    {
      "id": "observation-markham-gas-os-22-00008970-roe-authorized",
      "proceeding_id": "case-markham-gas-os-22-00008970",
      "utility_jurisdiction_id": "jurisdiction-markham-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 9.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Markham Gas authorized return on common equity under the OS-22-00008970 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-09-24",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-markham-gas-os-22-00008970-capital-terms"
    },
    {
      "id": "observation-met-ed-equity-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-met-ed-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity ratio for the Met-Ed rate district in the consolidated 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-met-ed-rate-base-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-met-ed-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized rate base for the Met-Ed rate district in the consolidated 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-met-ed-roe-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-met-ed-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on common equity for the Met-Ed rate district in the consolidated 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-mgu-equity-authorized-2024-order",
      "proceeding_id": "case-michigan-gas-utilities-u-21540",
      "utility_jurisdiction_id": "jurisdiction-michigan-gas-utilities-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 50,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity share of the overall capital structure",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-09-26",
      "missing_reason": null,
      "supersedes_observation_id": "observation-michigan-gas-utilities-equity-2024-09-01",
      "citation_id": "source-mgu-u-21540-authorized-capital-return"
    },
    {
      "id": "observation-mgu-rate-base-requested-2024",
      "proceeding_id": "case-michigan-gas-utilities-u-21540",
      "utility_jurisdiction_id": "jurisdiction-michigan-gas-utilities-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-michigan-gas-utilities",
      "party_name": "Michigan Gas Utilities Corporation",
      "period": null,
      "numeric_value": 509066815,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Projected 13-month-average test-period rate base ending December 31, 2025",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-03-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mgu-u-21540-requested-rate-base"
    },
    {
      "id": "observation-mgu-roe-authorized-2024-order",
      "proceeding_id": "case-michigan-gas-utilities-u-21540",
      "utility_jurisdiction_id": "jurisdiction-michigan-gas-utilities-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 9.86,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on common equity for retail natural-gas base rates effective January 1, 2025",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-09-26",
      "missing_reason": null,
      "supersedes_observation_id": "observation-michigan-gas-utilities-roe-2024-09-01",
      "citation_id": "source-mgu-u-21540-authorized-capital-return"
    },
    {
      "id": "observation-national-fuel-gas-dsic-roe-2026",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-national-fuel-gas-pa-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "mechanism_authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Commission-approved ROE for National Fuel Gas's Distribution System Improvement Charge",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-national-fuel-gas-dsic-roe-2026"
    },
    {
      "id": "observation-national-fuel-gas-equity-authorized-missing-2023",
      "proceeding_id": "case-pa-puc-r-2022-3035730",
      "utility_jurisdiction_id": "jurisdiction-national-fuel-gas-pa-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized base-rate common-equity ratio; no standalone value adopted in the black-box settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-06-15",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-national-fuel-gas-2023-black-box-economics"
    },
    {
      "id": "observation-national-fuel-gas-equity-request-2026",
      "proceeding_id": "case-pa-puc-r-2025-3059428",
      "utility_jurisdiction_id": "jurisdiction-national-fuel-gas-pa-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-national-fuel-gas-pa",
      "party_name": "National Fuel Gas Distribution Corporation — Pennsylvania",
      "period": {
        "id": "period-national-fuel-gas-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future test period ending October 31, 2027",
        "year": 2027,
        "start_date": "2026-11-01",
        "end_date": "2027-10-31"
      },
      "numeric_value": 56.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested common-equity share of capitalization",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-01-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-national-fuel-gas-2026-requested-capital-structure"
    },
    {
      "id": "observation-national-fuel-gas-rate-base-request-2027",
      "proceeding_id": "case-pa-puc-r-2025-3059428",
      "utility_jurisdiction_id": "jurisdiction-national-fuel-gas-pa-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-national-fuel-gas-pa",
      "party_name": "National Fuel Gas Distribution Corporation — Pennsylvania",
      "period": {
        "id": "period-national-fuel-gas-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future test period ending October 31, 2027",
        "year": 2027,
        "start_date": "2026-11-01",
        "end_date": "2027-10-31"
      },
      "numeric_value": 571582000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Fully projected future-test-period total rate base",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2027-10-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-national-fuel-gas-2026-requested-rate-base"
    },
    {
      "id": "observation-national-fuel-gas-roe-request-2026",
      "proceeding_id": "case-pa-puc-r-2025-3059428",
      "utility_jurisdiction_id": "jurisdiction-national-fuel-gas-pa-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-national-fuel-gas-pa",
      "party_name": "National Fuel Gas Distribution Corporation — Pennsylvania",
      "period": {
        "id": "period-national-fuel-gas-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future test period ending October 31, 2027",
        "year": 2027,
        "start_date": "2026-11-01",
        "end_date": "2027-10-31"
      },
      "numeric_value": 11.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested return on common equity",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-01-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-national-fuel-gas-2026-requested-capital-structure"
    },
    {
      "id": "observation-national-fuel-ny-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-national-fuel-ny-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-national-fuel-ny-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-national-fuel-ny-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-national-fuel-ny-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-national-fuel-ny-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-national-fuel-r-2022-3035730-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2022-3035730",
      "utility_jurisdiction_id": "jurisdiction-national-fuel-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 23000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2023-06-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nfg-r-2022-3035730-outcome"
    },
    {
      "id": "observation-national-fuel-r-2022-3035730-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2022-3035730",
      "utility_jurisdiction_id": "jurisdiction-national-fuel-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 28100000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-10-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nfg-r-2022-3035730-filing"
    },
    {
      "id": "observation-nc-dec-authorized-equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-dec-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": 53,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current approved common-equity ratio in the official Public Staff table.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2023-12-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-public-staff-approved-returns"
    },
    {
      "id": "observation-nc-dec-authorized-roe",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-dec-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": 10.1,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current authorized return on common equity in the official Public Staff table.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2023-12-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-public-staff-approved-returns"
    },
    {
      "id": "observation-nc-dec-rate-base-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-dec-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Current authorized rate base.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2023-12-15",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-public-staff-approved-returns"
    },
    {
      "id": "observation-nc-dec-request-bill",
      "proceeding_id": "case-nc-dec-e7-sub-1329",
      "utility_jurisdiction_id": "uj-nc-dec-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-nc-duke-energy-carolinas",
      "party_name": "Duke Energy Carolinas, LLC",
      "period": null,
      "numeric_value": 23.56,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Cumulative representative monthly bill increase across both requested steps.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-duke-2025-rate-filings"
    },
    {
      "id": "observation-nc-dec-request-equity",
      "proceeding_id": "case-nc-dec-e7-sub-1329",
      "utility_jurisdiction_id": "uj-nc-dec-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "party-nc-duke-energy-carolinas",
      "party_name": "Duke Energy Carolinas, LLC",
      "period": null,
      "numeric_value": 53,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed utility request.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-duke-2025-rate-filings"
    },
    {
      "id": "observation-nc-dec-request-rate-base-missing",
      "proceeding_id": "case-nc-dec-e7-sub-1329",
      "utility_jurisdiction_id": "uj-nc-dec-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "party-nc-duke-energy-carolinas",
      "party_name": "Duke Energy Carolinas, LLC",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Filed utility request.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-20",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-duke-2025-rate-filings"
    },
    {
      "id": "observation-nc-dec-request-revenue",
      "proceeding_id": "case-nc-dec-e7-sub-1329",
      "utility_jurisdiction_id": "uj-nc-dec-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-nc-duke-energy-carolinas",
      "party_name": "Duke Energy Carolinas, LLC",
      "period": null,
      "numeric_value": 1002000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Final annual run-rate increase across the two requested rate steps.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-duke-2025-rate-filings"
    },
    {
      "id": "observation-nc-dec-request-roe",
      "proceeding_id": "case-nc-dec-e7-sub-1329",
      "utility_jurisdiction_id": "uj-nc-dec-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-nc-duke-energy-carolinas",
      "party_name": "Duke Energy Carolinas, LLC",
      "period": null,
      "numeric_value": 10.95,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed utility request.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-duke-2025-rate-filings"
    },
    {
      "id": "observation-nc-dec-settlement-equity",
      "proceeding_id": "case-nc-dec-e7-sub-1329",
      "utility_jurisdiction_id": "uj-nc-dec-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "settlement",
      "party_id": "party-nc-dec-settling-parties",
      "party_name": "Duke Energy Carolinas settlement parties",
      "period": null,
      "numeric_value": 53,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Proposed settlement pending Commission approval.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-duke-dec-settlement-2026"
    },
    {
      "id": "observation-nc-dec-settlement-roe",
      "proceeding_id": "case-nc-dec-e7-sub-1329",
      "utility_jurisdiction_id": "uj-nc-dec-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "settlement",
      "party_id": "party-nc-dec-settling-parties",
      "party_name": "Duke Energy Carolinas settlement parties",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Proposed settlement pending Commission approval.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-duke-dec-settlement-2026"
    },
    {
      "id": "observation-nc-denc-authorized-equity",
      "proceeding_id": "case-nc-denc-e22-sub694",
      "utility_jurisdiction_id": "uj-nc-denc-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": 52.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current authorized ratemaking common-equity ratio from E-22 Sub 694.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-01-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-denc-e22-sub694-final-order"
    },
    {
      "id": "observation-nc-denc-authorized-revenue",
      "proceeding_id": "case-nc-denc-e22-sub694",
      "utility_jurisdiction_id": "uj-nc-denc-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": 36834918,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Base nonfuel revenue increase approved in E-22 Sub 694.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-01-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-denc-e22-sub694-final-order"
    },
    {
      "id": "observation-nc-denc-authorized-roe",
      "proceeding_id": "case-nc-denc-e22-sub694",
      "utility_jurisdiction_id": "uj-nc-denc-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": 9.95,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current authorized return on common equity from E-22 Sub 694.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-01-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-denc-e22-sub694-final-order"
    },
    {
      "id": "observation-nc-denc-rate-base-missing",
      "proceeding_id": "case-nc-denc-e22-sub694",
      "utility_jurisdiction_id": "uj-nc-denc-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": null,
      "scope": "The final order does not state one consolidated authorized rate-base total.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-01-14",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-denc-e22-sub694-final-order"
    },
    {
      "id": "observation-nc-denc-request-annual-revenue-change",
      "proceeding_id": "case-nc-denc-e22-sub-765",
      "utility_jurisdiction_id": "uj-nc-denc-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-nc-dominion-energy-north-carolina",
      "party_name": "Virginia Electric and Power Company",
      "period": null,
      "numeric_value": 37000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Approximate incremental nonfuel base-rate revenue request.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-denc-e22-sub765-revenue-request"
    },
    {
      "id": "observation-nc-denc-request-common_equity_ratio-missing",
      "proceeding_id": "case-nc-denc-e22-sub-765",
      "utility_jurisdiction_id": "uj-nc-denc-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "party-nc-dominion-energy-north-carolina",
      "party_name": "Virginia Electric and Power Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed utility request.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-ncuc-discovery-e-22-sub-765"
    },
    {
      "id": "observation-nc-denc-request-rate_base-missing",
      "proceeding_id": "case-nc-denc-e22-sub-765",
      "utility_jurisdiction_id": "uj-nc-denc-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "party-nc-dominion-energy-north-carolina",
      "party_name": "Virginia Electric and Power Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Filed utility request.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-ncuc-discovery-e-22-sub-765"
    },
    {
      "id": "observation-nc-denc-request-residential_monthly_bill_impact-missing",
      "proceeding_id": "case-nc-denc-e22-sub-765",
      "utility_jurisdiction_id": "uj-nc-denc-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-nc-dominion-energy-north-carolina",
      "party_name": "Virginia Electric and Power Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Filed utility request.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-ncuc-discovery-e-22-sub-765"
    },
    {
      "id": "observation-nc-denc-request-return-on-equity",
      "proceeding_id": "case-nc-denc-e22-sub-765",
      "utility_jurisdiction_id": "uj-nc-denc-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-nc-dominion-energy-north-carolina",
      "party_name": "Virginia Electric and Power Company",
      "period": null,
      "numeric_value": 10.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested return on equity in filed company testimony.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-denc-e22-sub765-roe-request"
    },
    {
      "id": "observation-nc-dep-authorized-equity",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-dep-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": 53,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current approved common-equity ratio in the official Public Staff table.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2023-08-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-public-staff-approved-returns"
    },
    {
      "id": "observation-nc-dep-authorized-roe",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-dep-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current authorized return on common equity in the official Public Staff table.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2023-08-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-public-staff-approved-returns"
    },
    {
      "id": "observation-nc-dep-rate-base-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-dep-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Current authorized rate base.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2023-08-18",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-public-staff-approved-returns"
    },
    {
      "id": "observation-nc-dep-request-bill",
      "proceeding_id": "case-nc-dep-e2-sub-1380",
      "utility_jurisdiction_id": "uj-nc-dep-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "party-nc-duke-energy-progress",
      "party_name": "Duke Energy Progress, LLC",
      "period": null,
      "numeric_value": 29.7,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Cumulative representative monthly bill increase across both requested steps.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-duke-2025-rate-filings"
    },
    {
      "id": "observation-nc-dep-request-equity",
      "proceeding_id": "case-nc-dep-e2-sub-1380",
      "utility_jurisdiction_id": "uj-nc-dep-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "party-nc-duke-energy-progress",
      "party_name": "Duke Energy Progress, LLC",
      "period": null,
      "numeric_value": 53,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed utility request.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-duke-2025-rate-filings"
    },
    {
      "id": "observation-nc-dep-request-rate-base-missing",
      "proceeding_id": "case-nc-dep-e2-sub-1380",
      "utility_jurisdiction_id": "uj-nc-dep-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "party-nc-duke-energy-progress",
      "party_name": "Duke Energy Progress, LLC",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Filed utility request.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-20",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-duke-2025-rate-filings"
    },
    {
      "id": "observation-nc-dep-request-revenue",
      "proceeding_id": "case-nc-dep-e2-sub-1380",
      "utility_jurisdiction_id": "uj-nc-dep-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-nc-duke-energy-progress",
      "party_name": "Duke Energy Progress, LLC",
      "period": null,
      "numeric_value": 728000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Final annual run-rate increase across the two requested rate steps.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-duke-2025-rate-filings"
    },
    {
      "id": "observation-nc-dep-request-roe",
      "proceeding_id": "case-nc-dep-e2-sub-1380",
      "utility_jurisdiction_id": "uj-nc-dep-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-nc-duke-energy-progress",
      "party_name": "Duke Energy Progress, LLC",
      "period": null,
      "numeric_value": 10.95,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed utility request.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-duke-2025-rate-filings"
    },
    {
      "id": "observation-nc-egnc-authorized-revenue",
      "proceeding_id": "case-nc-enbridge-g5-sub686",
      "utility_jurisdiction_id": "uj-nc-egnc-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": 33000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Approximate annual base-rate increase under the approved settlement.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-enbridge-g5-sub686-revenue"
    },
    {
      "id": "observation-nc-egnc-current-common_equity_ratio-missing",
      "proceeding_id": "case-nc-enbridge-g5-sub686",
      "utility_jurisdiction_id": "uj-nc-egnc-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": null,
      "scope": "The reviewed controlling materials establish the approved revenue increase but do not support this value without further order-level review.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-09",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-enbridge-g5-sub686-final-order"
    },
    {
      "id": "observation-nc-egnc-current-rate_base-missing",
      "proceeding_id": "case-nc-enbridge-g5-sub686",
      "utility_jurisdiction_id": "uj-nc-egnc-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": null,
      "scope": "The reviewed controlling materials establish the approved revenue increase but do not support this value without further order-level review.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-09",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-enbridge-g5-sub686-final-order"
    },
    {
      "id": "observation-nc-egnc-current-return_on_equity-missing",
      "proceeding_id": "case-nc-enbridge-g5-sub686",
      "utility_jurisdiction_id": "uj-nc-egnc-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": null,
      "scope": "The reviewed controlling materials establish the approved revenue increase but do not support this value without further order-level review.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-09",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-enbridge-g5-sub686-final-order"
    },
    {
      "id": "observation-nc-frontier-common_equity_ratio-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-frontier-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current authorized utility economics.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-public-staff-approved-returns"
    },
    {
      "id": "observation-nc-frontier-rate_base-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-frontier-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Current authorized utility economics.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-public-staff-approved-returns"
    },
    {
      "id": "observation-nc-frontier-return_on_equity-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-frontier-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current authorized utility economics.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-public-staff-approved-returns"
    },
    {
      "id": "observation-nc-png-authorized-equity",
      "proceeding_id": "case-nc-piedmont-g9-sub837",
      "utility_jurisdiction_id": "uj-nc-png-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": 52.3,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current authorized ratemaking common-equity ratio from G-9 Sub 837.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-01-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-piedmont-g9-sub837-final-order"
    },
    {
      "id": "observation-nc-png-authorized-rate-base",
      "proceeding_id": "case-nc-piedmont-g9-sub837",
      "utility_jurisdiction_id": "uj-nc-png-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": 6399359453,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Stipulated rate base approved in G-9 Sub 837.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-01-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-piedmont-g9-sub837-final-order"
    },
    {
      "id": "observation-nc-png-authorized-revenue",
      "proceeding_id": "case-nc-piedmont-g9-sub837",
      "utility_jurisdiction_id": "uj-nc-png-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": 97933248,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Annual operating-revenue increase approved in G-9 Sub 837.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-01-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-piedmont-g9-sub837-final-order"
    },
    {
      "id": "observation-nc-png-authorized-roe",
      "proceeding_id": "case-nc-piedmont-g9-sub837",
      "utility_jurisdiction_id": "uj-nc-png-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Current authorized return on common equity from G-9 Sub 837.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-01-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-piedmont-g9-sub837-final-order"
    },
    {
      "id": "observation-nc-summerlyn-common_equity_ratio-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-summerlyn-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": null,
      "scope": "The official NCUC gas-company directory establishes the regulated entity but does not state a current authorized value.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-ncuc-gas-utilities"
    },
    {
      "id": "observation-nc-summerlyn-rate_base-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-summerlyn-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": null,
      "scope": "The official NCUC gas-company directory establishes the regulated entity but does not state a current authorized value.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-ncuc-gas-utilities"
    },
    {
      "id": "observation-nc-summerlyn-return_on_equity-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-summerlyn-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": null,
      "scope": "The official NCUC gas-company directory establishes the regulated entity but does not state a current authorized value.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-ncuc-gas-utilities"
    },
    {
      "id": "observation-nc-toccoa-common_equity_ratio-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-toccoa-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": null,
      "scope": "The official NCUC gas-utility directory establishes jurisdiction, but does not state a current authorized value.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-ncuc-gas-utilities"
    },
    {
      "id": "observation-nc-toccoa-rate_base-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-toccoa-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": null,
      "scope": "The official NCUC gas-utility directory establishes jurisdiction, but does not state a current authorized value.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-ncuc-gas-utilities"
    },
    {
      "id": "observation-nc-toccoa-return_on_equity-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "uj-nc-toccoa-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-nc-ncuc",
      "party_name": "North Carolina Utilities Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": null,
      "scope": "The official NCUC gas-utility directory establishes jurisdiction, but does not state a current authorized value.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-nc-ncuc-gas-utilities"
    },
    {
      "id": "observation-new-jersey-natural-gas-gr21030679-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-gr21030679",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 79000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-11-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr21030679-order"
    },
    {
      "id": "observation-new-jersey-natural-gas-gr21030679-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-gr21030679",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 165670000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr21030679-order"
    },
    {
      "id": "observation-new-jersey-natural-gas-gr24010071-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-gr24010071",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 157000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr24010071-order"
    },
    {
      "id": "observation-new-jersey-natural-gas-gr24010071-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-gr24010071",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 222600000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-01-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr24010071-order"
    },
    {
      "id": "observation-new-jersey-natural-gas-gr24010071-common-equity-ratio-authorized",
      "proceeding_id": "case-nj-bpu-gr24010071",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 54,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr24010071-order"
    },
    {
      "id": "observation-new-jersey-natural-gas-gr24010071-overall-rate-of-return-authorized",
      "proceeding_id": "case-nj-bpu-gr24010071",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 7.08,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr24010071-order"
    },
    {
      "id": "observation-new-jersey-natural-gas-gr24010071-rate-base-authorized",
      "proceeding_id": "case-nj-bpu-gr24010071",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 3245021000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr24010071-order"
    },
    {
      "id": "observation-new-jersey-natural-gas-gr24010071-return-on-equity-authorized",
      "proceeding_id": "case-nj-bpu-gr24010071",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr24010071-order"
    },
    {
      "id": "observation-new-jersey-natural-gas-gr24010071-return-on-equity-requested",
      "proceeding_id": "case-nj-bpu-gr24010071",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 10.42,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-01-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr24010071-order"
    },
    {
      "id": "observation-new-jersey-natural-gas-gr26060278-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-gr26060278",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 157560000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-06-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr26060278-suspension-order"
    },
    {
      "id": "observation-nfg-residential-impact-request",
      "proceeding_id": "case-pa-puc-r-2025-3059428",
      "utility_jurisdiction_id": "jurisdiction-national-fuel-gas-pa-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-national-fuel-gas-pa",
      "party_name": "National Fuel Gas Distribution Corporation — Pennsylvania",
      "period": null,
      "numeric_value": 5.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "residential customer using 80 ccf per month",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-01-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nfg-filing-letter"
    },
    {
      "id": "observation-nfg-revenue-request",
      "proceeding_id": "case-pa-puc-r-2025-3059428",
      "utility_jurisdiction_id": "jurisdiction-national-fuel-gas-pa-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-national-fuel-gas-pa",
      "party_name": "National Fuel Gas Distribution Corporation — Pennsylvania",
      "period": null,
      "numeric_value": 19700000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "natural-gas base delivery rates",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-01-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nfg-filing-letter"
    },
    {
      "id": "observation-niagara-mohawk-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-niagara-mohawk-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-niagara-mohawk-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-niagara-mohawk-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-niagara-mohawk-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-niagara-mohawk-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-niagara-mohawk-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-niagara-mohawk-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-niagara-mohawk-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-niagara-mohawk-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-niagara-mohawk-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-niagara-mohawk-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-nsp-michigan-equity-2024-12-19",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nsp-michigan-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 50,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Northern States Power Wisconsin Michigan electric capital structure.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-12-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mpsc-nsp-michigan-2024-settlement"
    },
    {
      "id": "observation-nsp-michigan-roe-2024-12-19",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nsp-michigan-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Northern States Power Wisconsin Michigan electric rates for 2025 and 2026.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-12-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mpsc-nsp-michigan-2024-settlement"
    },
    {
      "id": "observation-nsp-michigan-u-21565-rate-base-requested",
      "proceeding_id": "case-nsp-michigan-u-21565",
      "utility_jurisdiction_id": "jurisdiction-nsp-michigan-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-nsp-michigan",
      "party_name": "Northern States Power Company — Wisconsin, Michigan operations",
      "period": {
        "id": "period-nsp-michigan-u-21565-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 84114375,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Michigan retail electric proposed 2025 test-year rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-nsp-michigan-u-21565-requested-rate-base"
    },
    {
      "id": "observation-nsp-wisconsin-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nsp-wisconsin-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-nsp-wisconsin-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nsp-wisconsin-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-nsp-wisconsin-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nsp-wisconsin-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-nsp-wisconsin-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nsp-wisconsin-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-nsp-wisconsin-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nsp-wisconsin-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-nsp-wisconsin-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nsp-wisconsin-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-nw-natural-oregon-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nw-natural-oregon-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Oregon launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-nw-natural-oregon-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nw-natural-oregon-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Oregon launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-nw-natural-oregon-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nw-natural-oregon-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Oregon launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-nyseg-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nyseg-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-nyseg-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nyseg-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-nyseg-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nyseg-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-nyseg-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nyseg-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-nyseg-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nyseg-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-nyseg-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-nyseg-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-ohio-edison-equity-2025-11-19",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 51.2,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PUCO-authorized hypothetical Ohio Companies distribution capital structure.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-form-10k-ohio"
    },
    {
      "id": "observation-ohio-edison-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 2000000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Ohio Edison distribution rate base at year-end 2025.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-form-10k-ohio"
    },
    {
      "id": "observation-ohio-edison-roe-2025-11-19",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 9.63,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PUCO-authorized Ohio Companies distribution ROE.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-form-10k-ohio"
    },
    {
      "id": "observation-old-dominion-power-pur-2021-00171-equity-ratio-authorized-missing",
      "proceeding_id": "case-old-dominion-power-pur-2021-00171",
      "utility_jurisdiction_id": "jurisdiction-old-dominion-power-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The approved Old Dominion Power black-box settlement does not state an authorized common-equity ratio.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-06-01",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-old-dominion-power-pur-2021-00171-black-box-omissions"
    },
    {
      "id": "observation-old-dominion-power-pur-2021-00171-rate-base-authorized-missing",
      "proceeding_id": "case-old-dominion-power-pur-2021-00171",
      "utility_jurisdiction_id": "jurisdiction-old-dominion-power-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The approved Old Dominion Power black-box settlement does not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-06-01",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-old-dominion-power-pur-2021-00171-black-box-omissions"
    },
    {
      "id": "observation-old-dominion-power-pur-2021-00171-roe-mechanism-authorized",
      "proceeding_id": "case-old-dominion-power-pur-2021-00171",
      "utility_jurisdiction_id": "jurisdiction-old-dominion-power-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "mechanism_authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 9.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Old Dominion Power ROE authorized for earnings-test review until changed by the Commission; the black-box base-rate settlement does not specify an ROE.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-06-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-old-dominion-power-pur-2021-00171-mechanism-roe"
    },
    {
      "id": "observation-onalaska-water-gas-os-22-00010576-equity-ratio-authorized",
      "proceeding_id": "case-onalaska-water-gas-os-22-00010576",
      "utility_jurisdiction_id": "jurisdiction-onalaska-water-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 60,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Onalaska Water and Gas authorized common-equity weight in total capitalization under the OS-22-00010576 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-03-25",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-onalaska-water-gas-os-22-00010576-capital-terms"
    },
    {
      "id": "observation-onalaska-water-gas-os-22-00010576-rate-base-authorized-missing",
      "proceeding_id": "case-onalaska-water-gas-os-22-00010576",
      "utility_jurisdiction_id": "jurisdiction-onalaska-water-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The approved Onalaska Water and Gas settlement does not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-03-25",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-onalaska-water-gas-os-22-00010576-rate-base-missing"
    },
    {
      "id": "observation-onalaska-water-gas-os-22-00010576-roe-authorized",
      "proceeding_id": "case-onalaska-water-gas-os-22-00010576",
      "utility_jurisdiction_id": "jurisdiction-onalaska-water-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 9.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Onalaska Water and Gas authorized return on common equity under the OS-22-00010576 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-03-25",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-onalaska-water-gas-os-22-00010576-capital-terms"
    },
    {
      "id": "observation-oncor-53601-annual-revenue-change-requested",
      "proceeding_id": "case-tx-puct-53601",
      "utility_jurisdiction_id": "jurisdiction-oncor-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 251000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-05-13",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-tx-puct-53601-preliminary-order"
    },
    {
      "id": "observation-oncor-53601-common-equity-ratio-requested",
      "proceeding_id": "case-tx-puct-53601",
      "utility_jurisdiction_id": "jurisdiction-oncor-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 45,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-05-13",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-tx-puct-53601-capital-structure"
    },
    {
      "id": "observation-oncor-53601-return-on-equity-authorized",
      "proceeding_id": "case-tx-puct-53601",
      "utility_jurisdiction_id": "jurisdiction-oncor-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.7,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-tx-puct-53601-order-rehearing"
    },
    {
      "id": "observation-oncor-53601-return-on-equity-requested",
      "proceeding_id": "case-tx-puct-53601",
      "utility_jurisdiction_id": "jurisdiction-oncor-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 10.3,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-05-13",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-tx-puct-53601-preliminary-order"
    },
    {
      "id": "observation-oncor-58306-equity-authorized",
      "proceeding_id": "case-oncor-58306",
      "utility_jurisdiction_id": "jurisdiction-oncor-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 43.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity share of Oncor's regulatory capital structure.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-04-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-oncor-58306-authorized-revenue-capital"
    },
    {
      "id": "observation-oncor-58306-rate-base-authorized",
      "proceeding_id": "case-oncor-58306",
      "utility_jurisdiction_id": "jurisdiction-oncor-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": {
        "id": "period-oncor-58306-test-year-2024",
        "period_type": "historical_test_year",
        "label": "Historical test year ended December 31, 2024",
        "year": 2024,
        "start_date": "2024-01-01",
        "end_date": "2024-12-31"
      },
      "numeric_value": 26452286648,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Oncor and Oncor NTU invested capital placed into service through the December 31, 2024 test-year end and properly included in rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-04-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-oncor-58306-authorized-rate-base"
    },
    {
      "id": "observation-oncor-58306-revenue-authorized",
      "proceeding_id": "case-oncor-58306",
      "utility_jurisdiction_id": "jurisdiction-oncor-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": {
        "id": "period-oncor-58306-test-year-2024",
        "period_type": "historical_test_year",
        "label": "Historical test year ended December 31, 2024",
        "year": 2024,
        "start_date": "2024-01-01",
        "end_date": "2024-12-31"
      },
      "numeric_value": 560000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Net annual base-rate revenue increase after the $5 million lighting-class credit.",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-04-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-oncor-58306-authorized-revenue-capital"
    },
    {
      "id": "observation-oncor-58306-revenue-requested",
      "proceeding_id": "case-oncor-58306",
      "utility_jurisdiction_id": "jurisdiction-oncor-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-oncor",
      "party_name": "Oncor Electric Delivery Company LLC",
      "period": {
        "id": "period-oncor-58306-test-year-2024",
        "period_type": "historical_test_year",
        "label": "Historical test year ended December 31, 2024",
        "year": 2024,
        "start_date": "2024-01-01",
        "end_date": "2024-12-31"
      },
      "numeric_value": 833600000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested overall annual revenue increase, including distribution and transmission service.",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-06-26",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-oncor-58306-application-and-order"
    },
    {
      "id": "observation-oncor-58306-roe-authorized",
      "proceeding_id": "case-oncor-58306",
      "utility_jurisdiction_id": "jurisdiction-oncor-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 9.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on common equity for Oncor proceedings and filings requiring the capital inputs approved in Docket 58306.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-04-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-oncor-58306-authorized-revenue-capital"
    },
    {
      "id": "observation-orange-rockland-ny-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-orange-rockland-ny-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-orange-rockland-ny-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-orange-rockland-ny-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-orange-rockland-ny-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-orange-rockland-ny-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-orange-rockland-ny-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-orange-rockland-ny-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-orange-rockland-ny-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-orange-rockland-ny-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-orange-rockland-ny-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-orange-rockland-ny-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-pacific-power-oregon-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-pacific-power-oregon-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Oregon launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-pacific-power-oregon-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-pacific-power-oregon-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Oregon launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-pacific-power-oregon-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-pacific-power-oregon-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Oregon launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-peco-electric-equity-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3046931",
      "utility_jurisdiction_id": "jurisdiction-peco-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity ratio in the 2024 PECO Electric distribution settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-12",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-peco-electric-2024-final-economics"
    },
    {
      "id": "observation-peco-electric-r-2021-3024601-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2021-3024601",
      "utility_jurisdiction_id": "jurisdiction-peco-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 132000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-11-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2021-3024601-outcome"
    },
    {
      "id": "observation-peco-electric-r-2021-3024601-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2021-3024601",
      "utility_jurisdiction_id": "jurisdiction-peco-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 246000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2021-3024601-request"
    },
    {
      "id": "observation-peco-electric-r-2024-3046931-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2024-3046931",
      "utility_jurisdiction_id": "jurisdiction-peco-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 354000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-12-12",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2024-3046931-sec"
    },
    {
      "id": "observation-peco-electric-r-2024-3046931-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2024-3046931",
      "utility_jurisdiction_id": "jurisdiction-peco-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 464000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-03-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2024-3046931-sec"
    },
    {
      "id": "observation-peco-electric-r-2026-3060859-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2026-3060859",
      "utility_jurisdiction_id": "jurisdiction-peco-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 429000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pa-puc-r-2026-3060859-withdrawal-order"
    },
    {
      "id": "observation-peco-electric-r-2026-3060859-revenue-change-percentage-requested",
      "proceeding_id": "case-pa-puc-r-2026-3060859",
      "utility_jurisdiction_id": "jurisdiction-peco-electric-electric",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 11,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pa-puc-r-2026-3060859-withdrawal-order"
    },
    {
      "id": "observation-peco-electric-rate-base-disclosed-2024",
      "proceeding_id": "case-pa-puc-r-2024-3046931",
      "utility_jurisdiction_id": "jurisdiction-peco-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 8855600000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Company-reported adjusted final rate base associated with the 2024 PECO Electric distribution proceeding; the settlement itself did not stipulate rate base",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-12",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-electric-2024-final-economics"
    },
    {
      "id": "observation-peco-electric-roe-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3046931",
      "utility_jurisdiction_id": "jurisdiction-peco-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on common equity in the 2024 PECO Electric distribution settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-12",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-peco-electric-2024-final-economics"
    },
    {
      "id": "observation-peco-gas-equity-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3046932",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity ratio in the 2024 PECO Gas distribution settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-12",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-peco-gas-2024-final-economics"
    },
    {
      "id": "observation-peco-gas-r-2020-3018929-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2020-3018929",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 29100000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-06-22",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2020-3018929-outcome"
    },
    {
      "id": "observation-peco-gas-r-2020-3018929-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2020-3018929",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 68700000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2020-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2020-3018929-request"
    },
    {
      "id": "observation-peco-gas-r-2020-3018929-return-on-equity-authorized",
      "proceeding_id": "case-pa-puc-r-2020-3018929",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 10.24,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2021-06-22",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2020-3018929-outcome"
    },
    {
      "id": "observation-peco-gas-r-2022-3031113-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2022-3031113",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 54800000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-10-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2022-3031113-sec"
    },
    {
      "id": "observation-peco-gas-r-2022-3031113-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2022-3031113",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 82000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-03-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2022-3031113-sec"
    },
    {
      "id": "observation-peco-gas-r-2024-3046932-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2024-3046932",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 78000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-12-12",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2024-3046932-sec"
    },
    {
      "id": "observation-peco-gas-r-2024-3046932-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2024-3046932",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 111000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-03-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2024-3046932-sec"
    },
    {
      "id": "observation-peco-gas-r-2026-3060860-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2026-3060860",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 81000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pa-puc-r-2026-3060860-withdrawal-order"
    },
    {
      "id": "observation-peco-gas-r-2026-3060860-revenue-change-percentage-requested",
      "proceeding_id": "case-pa-puc-r-2026-3060860",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 9.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pa-puc-r-2026-3060860-withdrawal-order"
    },
    {
      "id": "observation-peco-gas-rate-base-disclosed-2024",
      "proceeding_id": "case-pa-puc-r-2024-3046932",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 3524000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Company-reported adjusted final rate base associated with the 2024 PECO Gas distribution proceeding; the settlement itself did not stipulate rate base",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-12",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peco-gas-2024-final-economics"
    },
    {
      "id": "observation-peco-gas-roe-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3046932",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on common equity in the 2024 PECO Gas distribution settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-12",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-peco-gas-2024-final-economics"
    },
    {
      "id": "observation-penelec-equity-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-penelec-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity ratio for the Penelec rate district in the consolidated 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-penelec-rate-base-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-penelec-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized rate base for the Penelec rate district in the consolidated 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-penelec-roe-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-penelec-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on common equity for the Penelec rate district in the consolidated 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-penn-power-equity-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-penn-power-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity ratio for the Penn Power rate district in the consolidated 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-penn-power-rate-base-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-penn-power-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized rate base for the Penn Power rate district in the consolidated 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-penn-power-roe-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-penn-power-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on common equity for the Penn Power rate district in the consolidated 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-peoples-2024-bill-impact-settlement",
      "proceeding_id": "case-pa-puc-r-2023-3044549",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": {
        "id": "period-peoples-2024-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2025",
        "year": 2025,
        "start_date": "2024-10-01",
        "end_date": "2025-09-30"
      },
      "numeric_value": 11.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PNGD residential customer using 80 Mcf annually; $73.16 to $81.85. PGD customers had a separate 1.2% decrease.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "calculated",
      "as_of_date": "2024-09-12",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-peoples-2024-settlement-bill-impact"
    },
    {
      "id": "observation-peoples-2024-common_equity_ratio-request",
      "proceeding_id": "case-pa-puc-r-2023-3044549",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-peoples-natural-gas",
      "party_name": "Peoples Natural Gas Company LLC",
      "period": {
        "id": "period-peoples-2024-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2025",
        "year": 2025,
        "start_date": "2024-10-01",
        "end_date": "2025-09-30"
      },
      "numeric_value": 54.67,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested common-equity share of ratemaking capital.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-12-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-peoples-2024-requested-return"
    },
    {
      "id": "observation-peoples-2024-overall_rate_of_return-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2023-3044549",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": {
        "id": "period-peoples-2024-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2025",
        "year": 2025,
        "start_date": "2024-10-01",
        "end_date": "2025-09-30"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized overall rate of return under the approved black-box settlement.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-09-12",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-peoples-natural-gas-2024-black-box-economics"
    },
    {
      "id": "observation-peoples-2024-overall_rate_of_return-request",
      "proceeding_id": "case-pa-puc-r-2023-3044549",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-peoples-natural-gas",
      "party_name": "Peoples Natural Gas Company LLC",
      "period": {
        "id": "period-peoples-2024-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2025",
        "year": 2025,
        "start_date": "2024-10-01",
        "end_date": "2025-09-30"
      },
      "numeric_value": 8.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested weighted overall rate of return.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-12-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-peoples-2024-requested-return"
    },
    {
      "id": "observation-peoples-2024-rate_base-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2023-3044549",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": {
        "id": "period-peoples-2024-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2025",
        "year": 2025,
        "start_date": "2024-10-01",
        "end_date": "2025-09-30"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized rate base under the approved black-box settlement.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-09-12",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-peoples-natural-gas-2024-black-box-economics"
    },
    {
      "id": "observation-peoples-2024-rate_base-request",
      "proceeding_id": "case-pa-puc-r-2023-3044549",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-peoples-natural-gas",
      "party_name": "Peoples Natural Gas Company LLC",
      "period": {
        "id": "period-peoples-2024-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2025",
        "year": 2025,
        "start_date": "2024-10-01",
        "end_date": "2025-09-30"
      },
      "numeric_value": 4215125164,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Requested rate base at proposed rates.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-12-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-peoples-2024-requested-rate-base"
    },
    {
      "id": "observation-peoples-2024-return_on_equity-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2023-3044549",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": {
        "id": "period-peoples-2024-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2025",
        "year": 2025,
        "start_date": "2024-10-01",
        "end_date": "2025-09-30"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on equity under the approved black-box settlement.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-09-12",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-peoples-natural-gas-2024-black-box-economics"
    },
    {
      "id": "observation-peoples-2024-return_on_equity-request",
      "proceeding_id": "case-pa-puc-r-2023-3044549",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-peoples-natural-gas",
      "party_name": "Peoples Natural Gas Company LLC",
      "period": {
        "id": "period-peoples-2024-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2025",
        "year": 2025,
        "start_date": "2024-10-01",
        "end_date": "2025-09-30"
      },
      "numeric_value": 11.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested return on common equity.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-12-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-peoples-2024-requested-return"
    },
    {
      "id": "observation-peoples-2024-revenue-revised-request",
      "proceeding_id": "case-pa-puc-r-2023-3044549",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_rebuttal",
      "party_id": "utility-peoples-natural-gas",
      "party_name": "Peoples Natural Gas Company LLC",
      "period": {
        "id": "period-peoples-2024-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2025",
        "year": 2025,
        "start_date": "2024-10-01",
        "end_date": "2025-09-30"
      },
      "numeric_value": 153664958,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Corrected utility litigation position after the present-revenue stipulation.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-05-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-peoples-2024-revised-request"
    },
    {
      "id": "observation-peoples-2026-bill-impact-request",
      "proceeding_id": "case-pa-puc-r-2026-3060855",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-peoples-natural-gas",
      "party_name": "Peoples Natural Gas Company LLC",
      "period": {
        "id": "period-peoples-natural-gas-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 13.1,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Residential customer using 86 Mcf annually; monthly bill from $122.20 to $138.23.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-peoples-2026-requested-bill-impact"
    },
    {
      "id": "observation-peoples-natural-gas-dsic-roe-2026",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "mechanism_authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Commission-approved ROE for Peoples Natural Gas's Distribution System Improvement Charge",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peoples-natural-gas-dsic-roe-2026"
    },
    {
      "id": "observation-peoples-natural-gas-equity-authorized-missing-2024",
      "proceeding_id": "case-pa-puc-r-2023-3044549",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized base-rate common-equity ratio; no standalone value adopted in the black-box settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-09-12",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-peoples-natural-gas-2024-black-box-economics"
    },
    {
      "id": "observation-peoples-natural-gas-equity-request-2026",
      "proceeding_id": "case-pa-puc-r-2026-3060855",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-peoples-natural-gas",
      "party_name": "Peoples Natural Gas Company LLC",
      "period": {
        "id": "period-peoples-natural-gas-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 54.47,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested common-equity share of capitalization",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peoples-natural-gas-2026-requested-capital-structure"
    },
    {
      "id": "observation-peoples-natural-gas-r-2023-3044549-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2023-3044549",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 93000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-09-12",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peoples-r-2023-3044549-sec"
    },
    {
      "id": "observation-peoples-natural-gas-r-2023-3044549-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2023-3044549",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 156000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2023-12-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peoples-r-2023-3044549-sec"
    },
    {
      "id": "observation-peoples-natural-gas-rate-base-request-2027",
      "proceeding_id": "case-pa-puc-r-2026-3060855",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-peoples-natural-gas",
      "party_name": "Peoples Natural Gas Company LLC",
      "period": {
        "id": "period-peoples-natural-gas-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 5760803876,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Fully projected future-test-year rate base at present rates",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2027-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peoples-natural-gas-2026-requested-rate-base"
    },
    {
      "id": "observation-peoples-natural-gas-revenue-request-2027",
      "proceeding_id": "case-pa-puc-r-2026-3060855",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-peoples-natural-gas",
      "party_name": "Peoples Natural Gas Company LLC",
      "period": {
        "id": "period-peoples-natural-gas-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 163171938,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested additional annual revenue requirement, including additional late fees",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peoples-natural-gas-2026-requested-revenue"
    },
    {
      "id": "observation-peoples-natural-gas-roe-request-2026",
      "proceeding_id": "case-pa-puc-r-2026-3060855",
      "utility_jurisdiction_id": "jurisdiction-peoples-natural-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-peoples-natural-gas",
      "party_name": "Peoples Natural Gas Company LLC",
      "period": {
        "id": "period-peoples-natural-gas-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 11.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested return on common equity",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-peoples-natural-gas-2026-requested-capital-structure"
    },
    {
      "id": "observation-portland-general-electric-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-portland-general-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Oregon launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-portland-general-electric-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-portland-general-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Oregon launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-portland-general-electric-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-portland-general-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-or-puc",
      "party_name": "Public Utility Commission of Oregon",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Oregon launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-or-utilities"
    },
    {
      "id": "observation-ppl-2026-bill-impact-settlement",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "settlement",
      "party_id": "parties-ppl-settlement",
      "party_name": "parties-ppl-settlement",
      "period": {
        "id": "period-ppl-electric-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending June 30, 2027",
        "year": 2027,
        "start_date": "2026-07-01",
        "end_date": "2027-06-30"
      },
      "numeric_value": 4.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Average residential total bill at settlement rates; $175.84 to $184.49.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-04-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ppl-2026-residential-bill-impact"
    },
    {
      "id": "observation-ppl-2026-rate-base-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-ppl-electric-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending June 30, 2027",
        "year": 2027,
        "start_date": "2026-07-01",
        "end_date": "2027-06-30"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Commission-authorized rate base under the approved black-box settlement.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-11",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-ppl-2026-black-box-components"
    },
    {
      "id": "observation-ppl-2026-ror-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-ppl-electric-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending June 30, 2027",
        "year": 2027,
        "start_date": "2026-07-01",
        "end_date": "2027-06-30"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Commission-authorized overall rate of return under the approved black-box settlement.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-11",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-ppl-2026-black-box-components"
    },
    {
      "id": "observation-ppl-electric-dsic-roe-2025-10-23",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "mechanism_authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": 10.05,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Distribution System Improvement Charge cost of equity; the last distribution base-rate-case ROE was undisclosed.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-10-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ppl-q4-2025-investor-update"
    },
    {
      "id": "observation-ppl-electric-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "company_projected",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 11100000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Pennsylvania electric distribution rate base projected at 2025 year-end.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ppl-q4-2025-investor-update"
    },
    {
      "id": "observation-ppl-equity-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity layer in the Commission-approved black-box settlement.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-11",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-ppl-final-order-capital-not-specified"
    },
    {
      "id": "observation-ppl-equity-request",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-ppl-electric",
      "party_name": "PPL Electric Utilities Corporation",
      "period": null,
      "numeric_value": 56.05,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "proposed ratemaking capital structure",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ppl-final-order-capital"
    },
    {
      "id": "observation-ppl-revenue-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": 275000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "electric distribution base rates",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-06-11",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ppl-final-order-revenue"
    },
    {
      "id": "observation-ppl-revenue-request",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-ppl-electric",
      "party_name": "PPL Electric Utilities Corporation",
      "period": null,
      "numeric_value": 356270000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "electric distribution base rates",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ppl-final-order-request"
    },
    {
      "id": "observation-ppl-revenue-settlement",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "settlement",
      "party_id": "parties-ppl-settlement",
      "party_name": "parties-ppl-settlement",
      "period": null,
      "numeric_value": 275000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "electric distribution base rates",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-03-13",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ppl-settlement-revenue"
    },
    {
      "id": "observation-ppl-roe-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Commission-authorized return on equity",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-11",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-ppl-final-order-capital"
    },
    {
      "id": "observation-ppl-roe-cause-estimate",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "other_intervenor",
      "party_id": "party-cause-pa",
      "party_name": "party-cause-pa",
      "period": null,
      "numeric_value": 9.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "CAUSE-PA estimate of effective settlement ROE; upper bound",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "party_estimate",
      "as_of_date": "2026-03-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ppl-final-order-capital"
    },
    {
      "id": "observation-ppl-roe-request",
      "proceeding_id": "case-pa-puc-r-2025-3057164",
      "utility_jurisdiction_id": "jurisdiction-ppl-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-ppl-electric",
      "party_name": "PPL Electric Utilities Corporation",
      "period": null,
      "numeric_value": 11.3,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "proposed common equity return",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ppl-final-order-capital"
    },
    {
      "id": "observation-pseg-electric-equity-2024-10-09",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-pseg-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 55,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PSE&G electric and gas distribution capitalization.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-10-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pseg-2024-results-base-rate-settlement"
    },
    {
      "id": "observation-pseg-electric-er23120924-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-er23120924",
      "utility_jurisdiction_id": "jurisdiction-pseg-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 440500000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-10-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er23120924-order"
    },
    {
      "id": "observation-pseg-electric-er23120924-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-er23120924",
      "utility_jurisdiction_id": "jurisdiction-pseg-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 522000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2023-12-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er23120924-order"
    },
    {
      "id": "observation-pseg-electric-rate-base-2024-10-09",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-pseg-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 17800000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Combined PSE&G electric and gas distribution rate base authorized in the 2024 base-rate settlement.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-10-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pseg-2024-results-base-rate-settlement"
    },
    {
      "id": "observation-pseg-electric-roe-2024-10-09",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-pseg-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PSE&G electric and gas distribution base rates.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-10-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pseg-2024-results-base-rate-settlement"
    },
    {
      "id": "observation-pseg-gas-equity-2024-10-09",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-pseg-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 55,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PSE&G electric and gas distribution capitalization.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-10-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pseg-gas-2024-results-base-rate-settlement"
    },
    {
      "id": "observation-pseg-gas-gr23120925-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-gr23120925",
      "utility_jurisdiction_id": "jurisdiction-pseg-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 270800000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-10-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr23120925-order"
    },
    {
      "id": "observation-pseg-gas-gr23120925-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-gr23120925",
      "utility_jurisdiction_id": "jurisdiction-pseg-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 423000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2023-12-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr23120925-order"
    },
    {
      "id": "observation-pseg-gas-rate-base-2024-10-09",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-pseg-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 17800000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Combined PSE&G electric and gas distribution rate base authorized in the 2024 base-rate settlement.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-10-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pseg-gas-2024-results-base-rate-settlement"
    },
    {
      "id": "observation-pseg-gas-roe-2024-10-09",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-pseg-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PSE&G electric and gas distribution base rates.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2024-10-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-pseg-gas-2024-results-base-rate-settlement"
    },
    {
      "id": "observation-recent-decision-aep-texas-56165-annual_revenue_change-authorized",
      "proceeding_id": "case-aep-texas-56165",
      "utility_jurisdiction_id": "jurisdiction-aep-texas-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-11-17",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-aep-texas-56165-official"
    },
    {
      "id": "observation-recent-decision-aep-texas-56165-annual_revenue_change-utility_request",
      "proceeding_id": "case-aep-texas-56165",
      "utility_jurisdiction_id": "jurisdiction-aep-texas-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-aep-texas",
      "party_name": "AEP Texas Inc.",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-11-17",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-aep-texas-56165-official"
    },
    {
      "id": "observation-recent-decision-aep-texas-56165-return_on_equity-authorized",
      "proceeding_id": "case-aep-texas-56165",
      "utility_jurisdiction_id": "jurisdiction-aep-texas-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-17",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-aep-texas-56165-official"
    },
    {
      "id": "observation-recent-decision-aep-texas-56165-return_on_equity-utility_request",
      "proceeding_id": "case-aep-texas-56165",
      "utility_jurisdiction_id": "jurisdiction-aep-texas-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-aep-texas",
      "party_name": "AEP Texas Inc.",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-17",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-aep-texas-56165-official"
    },
    {
      "id": "observation-recent-decision-alpena-power-u-21488-annual_revenue_change-authorized",
      "proceeding_id": "case-alpena-power-u-21488",
      "utility_jurisdiction_id": "jurisdiction-alpena-power-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 2500000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-alpena-power-u-21488-official"
    },
    {
      "id": "observation-recent-decision-alpena-power-u-21488-annual_revenue_change-utility_request",
      "proceeding_id": "case-alpena-power-u-21488",
      "utility_jurisdiction_id": "jurisdiction-alpena-power-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-alpena-power",
      "party_name": "Alpena Power Company",
      "period": null,
      "numeric_value": 3960000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-alpena-power-u-21488-official"
    },
    {
      "id": "observation-recent-decision-alpena-power-u-21488-return_on_equity-utility_request",
      "proceeding_id": "case-alpena-power-u-21488",
      "utility_jurisdiction_id": "jurisdiction-alpena-power-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-alpena-power",
      "party_name": "Alpena Power Company",
      "period": null,
      "numeric_value": 11.91,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-alpena-power-u-21488-official"
    },
    {
      "id": "observation-recent-decision-appalachian-power-pur-2024-00024-annual_revenue_change-authorized",
      "proceeding_id": "case-appalachian-power-pur-2024-00024",
      "utility_jurisdiction_id": "jurisdiction-appalachian-power-va-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-11-20",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-appalachian-power-pur-2024-00024-official"
    },
    {
      "id": "observation-recent-decision-appalachian-power-pur-2024-00024-annual_revenue_change-utility_request",
      "proceeding_id": "case-appalachian-power-pur-2024-00024",
      "utility_jurisdiction_id": "jurisdiction-appalachian-power-va-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-appalachian-power-va",
      "party_name": "Appalachian Power Company — Virginia",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-11-20",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-appalachian-power-pur-2024-00024-official"
    },
    {
      "id": "observation-recent-decision-appalachian-power-pur-2024-00024-return_on_equity-authorized",
      "proceeding_id": "case-appalachian-power-pur-2024-00024",
      "utility_jurisdiction_id": "jurisdiction-appalachian-power-va-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-20",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-appalachian-power-pur-2024-00024-official"
    },
    {
      "id": "observation-recent-decision-appalachian-power-pur-2024-00024-return_on_equity-utility_request",
      "proceeding_id": "case-appalachian-power-pur-2024-00024",
      "utility_jurisdiction_id": "jurisdiction-appalachian-power-va-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-appalachian-power-va",
      "party_name": "Appalachian Power Company — Virginia",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-20",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-appalachian-power-pur-2024-00024-official"
    },
    {
      "id": "observation-recent-decision-atmos-virginia-pur-2023-00008-annual_revenue_change-authorized",
      "proceeding_id": "case-atmos-virginia-pur-2023-00008",
      "utility_jurisdiction_id": "jurisdiction-atmos-virginia-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-05-13",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-atmos-virginia-pur-2023-00008-official"
    },
    {
      "id": "observation-recent-decision-atmos-virginia-pur-2023-00008-annual_revenue_change-utility_request",
      "proceeding_id": "case-atmos-virginia-pur-2023-00008",
      "utility_jurisdiction_id": "jurisdiction-atmos-virginia-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-atmos-virginia",
      "party_name": "Atmos Energy Corporation — Virginia",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-05-13",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-atmos-virginia-pur-2023-00008-official"
    },
    {
      "id": "observation-recent-decision-atmos-virginia-pur-2023-00008-return_on_equity-utility_request",
      "proceeding_id": "case-atmos-virginia-pur-2023-00008",
      "utility_jurisdiction_id": "jurisdiction-atmos-virginia-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-atmos-virginia",
      "party_name": "Atmos Energy Corporation — Virginia",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-05-13",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-atmos-virginia-pur-2023-00008-official"
    },
    {
      "id": "observation-recent-decision-centerpoint-entex-os-23-00015513-annual_revenue_change-authorized",
      "proceeding_id": "case-centerpoint-entex-os-23-00015513",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-entex-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-06-25",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-centerpoint-entex-os-23-00015513-capital-terms"
    },
    {
      "id": "observation-recent-decision-centerpoint-entex-os-23-00015513-annual_revenue_change-utility_request",
      "proceeding_id": "case-centerpoint-entex-os-23-00015513",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-entex-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-centerpoint-entex",
      "party_name": "CenterPoint Energy Resources Corp. d/b/a CenterPoint Energy Entex",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-06-25",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-centerpoint-entex-os-23-00015513-capital-terms"
    },
    {
      "id": "observation-recent-decision-centerpoint-entex-os-23-00015513-return_on_equity-utility_request",
      "proceeding_id": "case-centerpoint-entex-os-23-00015513",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-entex-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-centerpoint-entex",
      "party_name": "CenterPoint Energy Resources Corp. d/b/a CenterPoint Energy Entex",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-06-25",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-centerpoint-entex-os-23-00015513-capital-terms"
    },
    {
      "id": "observation-recent-decision-centerpoint-houston-electric-56211-annual_revenue_change-authorized",
      "proceeding_id": "case-centerpoint-houston-electric-56211",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-houston-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-03-13",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-centerpoint-houston-electric-56211-official"
    },
    {
      "id": "observation-recent-decision-centerpoint-houston-electric-56211-annual_revenue_change-utility_request",
      "proceeding_id": "case-centerpoint-houston-electric-56211",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-houston-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-centerpoint-houston-electric",
      "party_name": "CenterPoint Energy Houston Electric, LLC",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-03-13",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-centerpoint-houston-electric-56211-official"
    },
    {
      "id": "observation-recent-decision-centerpoint-houston-electric-56211-return_on_equity-authorized",
      "proceeding_id": "case-centerpoint-houston-electric-56211",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-houston-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-03-13",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-centerpoint-houston-electric-56211-official"
    },
    {
      "id": "observation-recent-decision-centerpoint-houston-electric-56211-return_on_equity-utility_request",
      "proceeding_id": "case-centerpoint-houston-electric-56211",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-houston-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-centerpoint-houston-electric",
      "party_name": "CenterPoint Energy Houston Electric, LLC",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-03-13",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-centerpoint-houston-electric-56211-official"
    },
    {
      "id": "observation-recent-decision-columbia-gas-virginia-pur-2024-00030-annual_revenue_change-utility_request",
      "proceeding_id": "case-columbia-gas-virginia-pur-2024-00030",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-virginia",
      "party_name": "Columbia Gas of Virginia, Inc.",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-05-15",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-pur-2024-00030-page-7"
    },
    {
      "id": "observation-recent-decision-columbia-gas-virginia-pur-2024-00030-return_on_equity-utility_request",
      "proceeding_id": "case-columbia-gas-virginia-pur-2024-00030",
      "utility_jurisdiction_id": "jurisdiction-columbia-gas-virginia-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-columbia-gas-virginia",
      "party_name": "Columbia Gas of Virginia, Inc.",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-05-15",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-columbia-gas-va-pur-2024-00030-page-7"
    },
    {
      "id": "observation-recent-decision-consumers-energy-u-21389-annual_revenue_change-authorized",
      "proceeding_id": "case-consumers-energy-u-21389",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 92000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-03-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21389-official"
    },
    {
      "id": "observation-recent-decision-consumers-energy-u-21389-annual_revenue_change-utility_request",
      "proceeding_id": "case-consumers-energy-u-21389",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": null,
      "numeric_value": 218200000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-03-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21389-official"
    },
    {
      "id": "observation-recent-decision-consumers-energy-u-21389-return_on_equity-authorized",
      "proceeding_id": "case-consumers-energy-u-21389",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-03-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21389-official"
    },
    {
      "id": "observation-recent-decision-consumers-energy-u-21389-return_on_equity-utility_request",
      "proceeding_id": "case-consumers-energy-u-21389",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": null,
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-03-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21389-official"
    },
    {
      "id": "observation-recent-decision-consumers-energy-u-21490-annual_revenue_change-authorized",
      "proceeding_id": "case-consumers-energy-u-21490",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 35000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21490-official"
    },
    {
      "id": "observation-recent-decision-consumers-energy-u-21490-annual_revenue_change-utility_request",
      "proceeding_id": "case-consumers-energy-u-21490",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": null,
      "numeric_value": 136000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21490-official"
    },
    {
      "id": "observation-recent-decision-consumers-energy-u-21490-return_on_equity-authorized",
      "proceeding_id": "case-consumers-energy-u-21490",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21490-official"
    },
    {
      "id": "observation-recent-decision-consumers-energy-u-21490-return_on_equity-utility_request",
      "proceeding_id": "case-consumers-energy-u-21490",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": null,
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-07-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21490-official"
    },
    {
      "id": "observation-recent-decision-consumers-energy-u-21870-annual_revenue_change-authorized",
      "proceeding_id": "case-consumers-energy-u-21870",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 276607000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-03-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21870-official"
    },
    {
      "id": "observation-recent-decision-consumers-energy-u-21870-annual_revenue_change-utility_request",
      "proceeding_id": "case-consumers-energy-u-21870",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": null,
      "numeric_value": 436000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-03-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21870-official"
    },
    {
      "id": "observation-recent-decision-consumers-energy-u-21870-return_on_equity-authorized",
      "proceeding_id": "case-consumers-energy-u-21870",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21870-official"
    },
    {
      "id": "observation-recent-decision-consumers-energy-u-21870-return_on_equity-utility_request",
      "proceeding_id": "case-consumers-energy-u-21870",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": null,
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-consumers-energy-u-21870-official"
    },
    {
      "id": "observation-recent-decision-coserv-gas-os-23-00014771-annual_revenue_change-authorized",
      "proceeding_id": "case-coserv-gas-os-23-00014771",
      "utility_jurisdiction_id": "jurisdiction-coserv-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-01-30",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-coserv-gas-os-23-00014771-capital-terms"
    },
    {
      "id": "observation-recent-decision-coserv-gas-os-23-00014771-annual_revenue_change-utility_request",
      "proceeding_id": "case-coserv-gas-os-23-00014771",
      "utility_jurisdiction_id": "jurisdiction-coserv-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-coserv-gas",
      "party_name": "CoServ Gas, Ltd.",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-01-30",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-coserv-gas-os-23-00014771-capital-terms"
    },
    {
      "id": "observation-recent-decision-coserv-gas-os-23-00014771-return_on_equity-utility_request",
      "proceeding_id": "case-coserv-gas-os-23-00014771",
      "utility_jurisdiction_id": "jurisdiction-coserv-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-coserv-gas",
      "party_name": "CoServ Gas, Ltd.",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-01-30",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-coserv-gas-os-23-00014771-capital-terms"
    },
    {
      "id": "observation-recent-decision-dte-electric-u-21534-annual_revenue_change-authorized",
      "proceeding_id": "case-dte-electric-u-21534",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 217380000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-01-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-electric-u-21534-official"
    },
    {
      "id": "observation-recent-decision-dte-electric-u-21534-annual_revenue_change-utility_request",
      "proceeding_id": "case-dte-electric-u-21534",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": null,
      "numeric_value": 456430000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-01-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-electric-u-21534-official"
    },
    {
      "id": "observation-recent-decision-dte-electric-u-21534-return_on_equity-authorized",
      "proceeding_id": "case-dte-electric-u-21534",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-electric-u-21534-official"
    },
    {
      "id": "observation-recent-decision-dte-electric-u-21534-return_on_equity-utility_request",
      "proceeding_id": "case-dte-electric-u-21534",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": null,
      "numeric_value": 10.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-electric-u-21534-official"
    },
    {
      "id": "observation-recent-decision-dte-electric-u-21860-annual_revenue_change-authorized",
      "proceeding_id": "case-dte-electric-u-21860",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 242406000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-02-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-electric-u-21860-official"
    },
    {
      "id": "observation-recent-decision-dte-electric-u-21860-annual_revenue_change-utility_request",
      "proceeding_id": "case-dte-electric-u-21860",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": null,
      "numeric_value": 574100000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-02-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-electric-u-21860-official"
    },
    {
      "id": "observation-recent-decision-dte-gas-u-21291-annual_revenue_change-authorized",
      "proceeding_id": "case-dte-gas-u-21291",
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 113790000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-gas-u-21291-official"
    },
    {
      "id": "observation-recent-decision-dte-gas-u-21291-annual_revenue_change-utility_request",
      "proceeding_id": "case-dte-gas-u-21291",
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-dte-gas",
      "party_name": "DTE Gas Company",
      "period": null,
      "numeric_value": 265530000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-gas-u-21291-official"
    },
    {
      "id": "observation-recent-decision-dte-gas-u-21291-return_on_equity-authorized",
      "proceeding_id": "case-dte-gas-u-21291",
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-gas-u-21291-official"
    },
    {
      "id": "observation-recent-decision-dte-gas-u-21291-return_on_equity-utility_request",
      "proceeding_id": "case-dte-gas-u-21291",
      "utility_jurisdiction_id": "jurisdiction-dte-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-dte-gas",
      "party_name": "DTE Gas Company",
      "period": null,
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-07",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-dte-gas-u-21291-official"
    },
    {
      "id": "observation-recent-decision-indiana-michigan-power-u-21461-annual_revenue_change-authorized",
      "proceeding_id": "case-indiana-michigan-power-u-21461",
      "utility_jurisdiction_id": "jurisdiction-indiana-michigan-power-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 17329000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-07-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-indiana-michigan-power-u-21461-official"
    },
    {
      "id": "observation-recent-decision-indiana-michigan-power-u-21461-annual_revenue_change-utility_request",
      "proceeding_id": "case-indiana-michigan-power-u-21461",
      "utility_jurisdiction_id": "jurisdiction-indiana-michigan-power-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-indiana-michigan-power",
      "party_name": "Indiana Michigan Power Company — Michigan",
      "period": null,
      "numeric_value": 34000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-07-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-indiana-michigan-power-u-21461-official"
    },
    {
      "id": "observation-recent-decision-indiana-michigan-power-u-21461-return_on_equity-authorized",
      "proceeding_id": "case-indiana-michigan-power-u-21461",
      "utility_jurisdiction_id": "jurisdiction-indiana-michigan-power-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.86,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-07-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-indiana-michigan-power-u-21461-official"
    },
    {
      "id": "observation-recent-decision-indiana-michigan-power-u-21461-return_on_equity-utility_request",
      "proceeding_id": "case-indiana-michigan-power-u-21461",
      "utility_jurisdiction_id": "jurisdiction-indiana-michigan-power-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-indiana-michigan-power",
      "party_name": "Indiana Michigan Power Company — Michigan",
      "period": null,
      "numeric_value": 10.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-07-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-indiana-michigan-power-u-21461-official"
    },
    {
      "id": "observation-recent-decision-mi-mpsc-u-21585-annual_revenue_change-utility_request",
      "proceeding_id": "case-mi-mpsc-u-21585",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 302580000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-03-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-mi-mpsc-u-21585-order-summary"
    },
    {
      "id": "observation-recent-decision-michigan-gas-utilities-u-21540-annual_revenue_change-authorized",
      "proceeding_id": "case-michigan-gas-utilities-u-21540",
      "utility_jurisdiction_id": "jurisdiction-michigan-gas-utilities-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 7920000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-09-26",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-michigan-gas-utilities-u-21540-official"
    },
    {
      "id": "observation-recent-decision-michigan-gas-utilities-u-21540-annual_revenue_change-utility_request",
      "proceeding_id": "case-michigan-gas-utilities-u-21540",
      "utility_jurisdiction_id": "jurisdiction-michigan-gas-utilities-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-michigan-gas-utilities",
      "party_name": "Michigan Gas Utilities Corporation",
      "period": null,
      "numeric_value": 17580000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-09-26",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-michigan-gas-utilities-u-21540-official"
    },
    {
      "id": "observation-recent-decision-michigan-gas-utilities-u-21540-return_on_equity-utility_request",
      "proceeding_id": "case-michigan-gas-utilities-u-21540",
      "utility_jurisdiction_id": "jurisdiction-michigan-gas-utilities-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-michigan-gas-utilities",
      "party_name": "Michigan Gas Utilities Corporation",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-09-26",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-michigan-gas-utilities-u-21540-official"
    },
    {
      "id": "observation-recent-decision-nj-bpu-er23030144-return_on_equity-authorized",
      "proceeding_id": "case-nj-bpu-er23030144",
      "utility_jurisdiction_id": "jurisdiction-jersey-central-power-light-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-02-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er23030144-order"
    },
    {
      "id": "observation-recent-decision-nj-bpu-er23030144-return_on_equity-utility_request",
      "proceeding_id": "case-nj-bpu-er23030144",
      "utility_jurisdiction_id": "jurisdiction-jersey-central-power-light-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 10.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-02-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er23030144-order"
    },
    {
      "id": "observation-recent-decision-nj-bpu-er23120924-return_on_equity-authorized",
      "proceeding_id": "case-nj-bpu-er23120924",
      "utility_jurisdiction_id": "jurisdiction-pseg-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-10-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er23120924-order"
    },
    {
      "id": "observation-recent-decision-nj-bpu-er23120924-return_on_equity-utility_request",
      "proceeding_id": "case-nj-bpu-er23120924",
      "utility_jurisdiction_id": "jurisdiction-pseg-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 10.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-10-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er23120924-order"
    },
    {
      "id": "observation-recent-decision-nj-bpu-er24110854-return_on_equity-authorized",
      "proceeding_id": "case-nj-bpu-er24110854",
      "utility_jurisdiction_id": "jurisdiction-atlantic-city-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-21",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er24110854-order"
    },
    {
      "id": "observation-recent-decision-nj-bpu-er24110854-return_on_equity-utility_request",
      "proceeding_id": "case-nj-bpu-er24110854",
      "utility_jurisdiction_id": "jurisdiction-atlantic-city-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 10.7,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er24110854-order"
    },
    {
      "id": "observation-recent-decision-nj-bpu-er25060374-return_on_equity-authorized",
      "proceeding_id": "case-nj-bpu-er25060374",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er25060374-order"
    },
    {
      "id": "observation-recent-decision-nj-bpu-er25060374-return_on_equity-utility_request",
      "proceeding_id": "case-nj-bpu-er25060374",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 10.3,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er25060374-order"
    },
    {
      "id": "observation-recent-decision-nj-bpu-gr23120925-return_on_equity-authorized",
      "proceeding_id": "case-nj-bpu-gr23120925",
      "utility_jurisdiction_id": "jurisdiction-pseg-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-10-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr23120925-order"
    },
    {
      "id": "observation-recent-decision-nj-bpu-gr23120925-return_on_equity-utility_request",
      "proceeding_id": "case-nj-bpu-gr23120925",
      "utility_jurisdiction_id": "jurisdiction-pseg-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 10.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-10-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr23120925-order"
    },
    {
      "id": "observation-recent-decision-nj-bpu-gr24020158-return_on_equity-utility_request",
      "proceeding_id": "case-nj-bpu-gr24020158",
      "utility_jurisdiction_id": "jurisdiction-elizabethtown-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 10.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr24020158-order"
    },
    {
      "id": "observation-recent-decision-nsp-michigan-u-21565-annual_revenue_change-authorized",
      "proceeding_id": "case-nsp-michigan-u-21565",
      "utility_jurisdiction_id": "jurisdiction-nsp-michigan-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-12-19",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-nsp-michigan-u-21565-official"
    },
    {
      "id": "observation-recent-decision-nsp-michigan-u-21565-annual_revenue_change-utility_request",
      "proceeding_id": "case-nsp-michigan-u-21565",
      "utility_jurisdiction_id": "jurisdiction-nsp-michigan-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-nsp-michigan",
      "party_name": "Northern States Power Company — Wisconsin, Michigan operations",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-12-19",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-nsp-michigan-u-21565-official"
    },
    {
      "id": "observation-recent-decision-nsp-michigan-u-21565-return_on_equity-authorized",
      "proceeding_id": "case-nsp-michigan-u-21565",
      "utility_jurisdiction_id": "jurisdiction-nsp-michigan-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-19",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-nsp-michigan-u-21565-official"
    },
    {
      "id": "observation-recent-decision-nsp-michigan-u-21565-return_on_equity-utility_request",
      "proceeding_id": "case-nsp-michigan-u-21565",
      "utility_jurisdiction_id": "jurisdiction-nsp-michigan-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-nsp-michigan",
      "party_name": "Northern States Power Company — Wisconsin, Michigan operations",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-19",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-nsp-michigan-u-21565-official"
    },
    {
      "id": "observation-recent-decision-nsp-michigan-u-21903-annual_revenue_change-authorized",
      "proceeding_id": "case-nsp-michigan-u-21903",
      "utility_jurisdiction_id": "jurisdiction-nsp-michigan-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 1600000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-12-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nsp-michigan-u-21903-official"
    },
    {
      "id": "observation-recent-decision-nsp-michigan-u-21903-annual_revenue_change-utility_request",
      "proceeding_id": "case-nsp-michigan-u-21903",
      "utility_jurisdiction_id": "jurisdiction-nsp-michigan-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-nsp-michigan",
      "party_name": "Northern States Power Company — Wisconsin, Michigan operations",
      "period": null,
      "numeric_value": 2177374,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-12-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nsp-michigan-u-21903-official"
    },
    {
      "id": "observation-recent-decision-nsp-michigan-u-21903-return_on_equity-authorized",
      "proceeding_id": "case-nsp-michigan-u-21903",
      "utility_jurisdiction_id": "jurisdiction-nsp-michigan-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nsp-michigan-u-21903-official"
    },
    {
      "id": "observation-recent-decision-nsp-michigan-u-21903-return_on_equity-utility_request",
      "proceeding_id": "case-nsp-michigan-u-21903",
      "utility_jurisdiction_id": "jurisdiction-nsp-michigan-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-nsp-michigan",
      "party_name": "Northern States Power Company — Wisconsin, Michigan operations",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-18",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-nsp-michigan-u-21903-official"
    },
    {
      "id": "observation-recent-decision-oh-puco-24-468-el-air-return_on_equity-authorized",
      "proceeding_id": "case-oh-puco-24-468-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-19",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-oh-puco-24-468-el-air-rehearing"
    },
    {
      "id": "observation-recent-decision-oh-puco-24-468-el-air-return_on_equity-utility_request",
      "proceeding_id": "case-oh-puco-24-468-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-19",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-oh-puco-24-468-el-air-rehearing"
    },
    {
      "id": "observation-recent-decision-oh-puco-24-832-ga-air-annual_revenue_change-utility_request",
      "proceeding_id": "case-oh-puco-24-832-ga-air",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-energy-ohio-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-centerpoint-energy-ohio",
      "party_name": "Vectren Energy Delivery of Ohio, LLC d/b/a CenterPoint Energy Ohio",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-01-07",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-oh-puco-24-832-ga-air-order-summary"
    },
    {
      "id": "observation-recent-decision-oh-puco-24-832-ga-air-return_on_equity-utility_request",
      "proceeding_id": "case-oh-puco-24-832-ga-air",
      "utility_jurisdiction_id": "jurisdiction-centerpoint-energy-ohio-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-centerpoint-energy-ohio",
      "party_name": "Vectren Energy Delivery of Ohio, LLC d/b/a CenterPoint Energy Ohio",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-01-07",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-oh-puco-24-832-ga-air-order-summary"
    },
    {
      "id": "observation-recent-decision-oncor-58306-return_on_equity-utility_request",
      "proceeding_id": "case-oncor-58306",
      "utility_jurisdiction_id": "jurisdiction-oncor-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-oncor",
      "party_name": "Oncor Electric Delivery Company LLC",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-04-17",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-oncor-58306-authorized-revenue-capital"
    },
    {
      "id": "observation-recent-decision-pa-puc-r-2024-3046523-return_on_equity-utility_request",
      "proceeding_id": "case-pa-puc-r-2024-3046523",
      "utility_jurisdiction_id": "jurisdiction-duquesne-light-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-07",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-pa-puc-r-2024-3046523-final-order"
    },
    {
      "id": "observation-recent-decision-pa-puc-r-2024-3046931-return_on_equity-utility_request",
      "proceeding_id": "case-pa-puc-r-2024-3046931",
      "utility_jurisdiction_id": "jurisdiction-peco-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-12",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2024-3046931-sec"
    },
    {
      "id": "observation-recent-decision-pa-puc-r-2024-3046932-return_on_equity-utility_request",
      "proceeding_id": "case-pa-puc-r-2024-3046932",
      "utility_jurisdiction_id": "jurisdiction-peco-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-12-12",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-peco-r-2024-3046932-sec"
    },
    {
      "id": "observation-recent-decision-pa-puc-r-2024-3047068-return_on_equity-utility_request",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-firstenergy-pa-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-r-2024-3047068-outcome"
    },
    {
      "id": "observation-recent-decision-roanoke-gas-pur-2024-00006-annual_revenue_change-utility_request",
      "proceeding_id": "case-roanoke-gas-pur-2024-00006",
      "utility_jurisdiction_id": "jurisdiction-roanoke-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-roanoke-gas",
      "party_name": "Roanoke Gas Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-04-10",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-roanoke-gas-2024-final-order"
    },
    {
      "id": "observation-recent-decision-roanoke-gas-pur-2024-00006-return_on_equity-utility_request",
      "proceeding_id": "case-roanoke-gas-pur-2024-00006",
      "utility_jurisdiction_id": "jurisdiction-roanoke-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-roanoke-gas",
      "party_name": "Roanoke Gas Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-04-10",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-roanoke-gas-2024-final-order"
    },
    {
      "id": "observation-recent-decision-rockin-m-gas-os-24-00017711-return_on_equity-utility_request",
      "proceeding_id": "case-rockin-m-gas-os-24-00017711",
      "utility_jurisdiction_id": "jurisdiction-rockin-m-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-rockin-m-gas",
      "party_name": "Rockin M Gas Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-02-19",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-rockin-m-gas-os-24-00017711-rehearing-finality"
    },
    {
      "id": "observation-recent-decision-sps-texas-54634-annual_revenue_change-authorized",
      "proceeding_id": "case-sps-texas-54634",
      "utility_jurisdiction_id": "jurisdiction-sps-texas-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-04-11",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-sps-texas-54634-authorized-capital-return"
    },
    {
      "id": "observation-recent-decision-sps-texas-54634-annual_revenue_change-utility_request",
      "proceeding_id": "case-sps-texas-54634",
      "utility_jurisdiction_id": "jurisdiction-sps-texas-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-sps-texas",
      "party_name": "Southwestern Public Service Company — Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-04-11",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-sps-texas-54634-authorized-capital-return"
    },
    {
      "id": "observation-recent-decision-sps-texas-54634-return_on_equity-utility_request",
      "proceeding_id": "case-sps-texas-54634",
      "utility_jurisdiction_id": "jurisdiction-sps-texas-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-sps-texas",
      "party_name": "Southwestern Public Service Company — Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-04-11",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-sps-texas-54634-authorized-capital-return"
    },
    {
      "id": "observation-recent-decision-tx-rrc-os-24-00019196-annual_revenue_change-authorized",
      "proceeding_id": "case-tx-rrc-os-24-00019196",
      "utility_jurisdiction_id": "jurisdiction-atmos-mid-tex-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-06-17",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-tx-atmos-os-24-00019196-tariff"
    },
    {
      "id": "observation-recent-decision-tx-rrc-os-24-00019196-annual_revenue_change-utility_request",
      "proceeding_id": "case-tx-rrc-os-24-00019196",
      "utility_jurisdiction_id": "jurisdiction-atmos-mid-tex-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-atmos-mid-tex",
      "party_name": "Atmos Energy Corporation — Mid-Tex Division",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-06-17",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-tx-atmos-os-24-00019196-tariff"
    },
    {
      "id": "observation-recent-decision-tx-rrc-os-24-00019196-return_on_equity-authorized",
      "proceeding_id": "case-tx-rrc-os-24-00019196",
      "utility_jurisdiction_id": "jurisdiction-atmos-mid-tex-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-06-17",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-tx-atmos-os-24-00019196-tariff"
    },
    {
      "id": "observation-recent-decision-tx-rrc-os-24-00019196-return_on_equity-utility_request",
      "proceeding_id": "case-tx-rrc-os-24-00019196",
      "utility_jurisdiction_id": "jurisdiction-atmos-mid-tex-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-atmos-mid-tex",
      "party_name": "Atmos Energy Corporation — Mid-Tex Division",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-06-17",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "source-tx-atmos-os-24-00019196-tariff"
    },
    {
      "id": "observation-recent-decision-umerc-u-21541-annual_revenue_change-authorized",
      "proceeding_id": "case-umerc-u-21541",
      "utility_jurisdiction_id": "jurisdiction-umerc-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-10-10",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-umerc-u-21541-current-economics"
    },
    {
      "id": "observation-recent-decision-umerc-u-21541-annual_revenue_change-utility_request",
      "proceeding_id": "case-umerc-u-21541",
      "utility_jurisdiction_id": "jurisdiction-umerc-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-umerc",
      "party_name": "Upper Michigan Energy Resources Corporation",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-10-10",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-umerc-u-21541-current-economics"
    },
    {
      "id": "observation-recent-decision-umerc-u-21541-return_on_equity-utility_request",
      "proceeding_id": "case-umerc-u-21541",
      "utility_jurisdiction_id": "jurisdiction-umerc-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-umerc",
      "party_name": "Upper Michigan Energy Resources Corporation",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-10-10",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-umerc-u-21541-current-economics"
    },
    {
      "id": "observation-recent-decision-uppco-u-21555-annual_revenue_change-utility_request",
      "proceeding_id": "case-uppco-u-21555",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-uppco",
      "party_name": "Upper Peninsula Power Company",
      "period": null,
      "numeric_value": 16910000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-09-26",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-uppco-u22032-summary-page-2"
    },
    {
      "id": "observation-recent-decision-uppco-u-21555-return_on_equity-utility_request",
      "proceeding_id": "case-uppco-u-21555",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-uppco",
      "party_name": "Upper Peninsula Power Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-09-26",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-uppco-u22032-summary-page-2"
    },
    {
      "id": "observation-recent-decision-west-texas-gas-os-24-00017816-annual_revenue_change-authorized",
      "proceeding_id": "case-west-texas-gas-os-24-00017816",
      "utility_jurisdiction_id": "jurisdiction-west-texas-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-01-29",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-west-texas-gas-os-24-00017816-capital-terms"
    },
    {
      "id": "observation-recent-decision-west-texas-gas-os-24-00017816-annual_revenue_change-utility_request",
      "proceeding_id": "case-west-texas-gas-os-24-00017816",
      "utility_jurisdiction_id": "jurisdiction-west-texas-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-west-texas-gas",
      "party_name": "West Texas Gas Utility, LLC",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-01-29",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-west-texas-gas-os-24-00017816-capital-terms"
    },
    {
      "id": "observation-recent-decision-west-texas-gas-os-24-00017816-return_on_equity-utility_request",
      "proceeding_id": "case-west-texas-gas-os-24-00017816",
      "utility_jurisdiction_id": "jurisdiction-west-texas-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-west-texas-gas",
      "party_name": "West Texas Gas Utility, LLC",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Total company rate-case request or Commission-authorized outcome",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-29",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-west-texas-gas-os-24-00017816-capital-terms"
    },
    {
      "id": "observation-rge-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-rge-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-rge-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-rge-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-rge-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-rge-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-rge-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-rge-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-rge-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-rge-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed New York launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-rge-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-rge-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-ny-psc",
      "party_name": "New York State Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed New York launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-ny-utilities"
    },
    {
      "id": "observation-roanoke-gas-equity-authorized-2025",
      "proceeding_id": "case-roanoke-gas-pur-2024-00006",
      "utility_jurisdiction_id": "jurisdiction-roanoke-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 58.182,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity share in the stipulated capital structure effective July 1, 2024",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-04-10",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-roanoke-gas-2024-final-economics"
    },
    {
      "id": "observation-roanoke-gas-pur-2025-00209-common-equity-requested",
      "proceeding_id": "case-roanoke-gas-pur-2025-00209",
      "utility_jurisdiction_id": "jurisdiction-roanoke-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-roanoke-gas",
      "party_name": "Roanoke Gas Company",
      "period": {
        "id": "period-six-state-active-roanoke-application",
        "period_type": "other",
        "label": "Expedited application period",
        "year": 2025,
        "start_date": null,
        "end_date": null
      },
      "numeric_value": 58.732,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed proposed ratemaking common-equity ratio",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-02",
      "missing_reason": null,
      "supersedes_observation_id": "observation-six-state-active-roanoke-common_equity_ratio-missing",
      "citation_id": "citation-roanoke-gas-2025-filed-capital-structure"
    },
    {
      "id": "observation-roanoke-gas-pur-2025-00209-overall-return-requested",
      "proceeding_id": "case-roanoke-gas-pur-2025-00209",
      "utility_jurisdiction_id": "jurisdiction-roanoke-gas-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-roanoke-gas",
      "party_name": "Roanoke Gas Company",
      "period": {
        "id": "period-six-state-active-roanoke-application",
        "period_type": "other",
        "label": "Expedited application period",
        "year": 2025,
        "start_date": null,
        "end_date": null
      },
      "numeric_value": 7.718,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed proposed weighted cost of capital",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-02",
      "missing_reason": null,
      "supersedes_observation_id": "observation-six-state-active-roanoke-overall_rate_of_return-missing",
      "citation_id": "citation-roanoke-gas-2025-filed-capital-structure"
    },
    {
      "id": "observation-roanoke-gas-pur-2025-00209-rate-base-requested",
      "proceeding_id": "case-roanoke-gas-pur-2025-00209",
      "utility_jurisdiction_id": "jurisdiction-roanoke-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-roanoke-gas",
      "party_name": "Roanoke Gas Company",
      "period": {
        "id": "period-six-state-active-roanoke-application",
        "period_type": "other",
        "label": "Expedited application period",
        "year": 2025,
        "start_date": null,
        "end_date": null
      },
      "numeric_value": 199781113,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Filed Virginia-jurisdictional rate base after ratemaking adjustments",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-02",
      "missing_reason": null,
      "supersedes_observation_id": "observation-six-state-active-roanoke-rate_base-missing",
      "citation_id": "citation-roanoke-gas-2025-filed-rate-base"
    },
    {
      "id": "observation-roanoke-gas-rate-base-not-specified-2025",
      "proceeding_id": "case-roanoke-gas-pur-2024-00006",
      "utility_jurisdiction_id": "jurisdiction-roanoke-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized rate base in the 2024 Roanoke Gas general rate case",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-04-10",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-roanoke-gas-2024-final-economics"
    },
    {
      "id": "observation-roanoke-gas-revenue-authorized-2025",
      "proceeding_id": "case-roanoke-gas-pur-2024-00006",
      "utility_jurisdiction_id": "jurisdiction-roanoke-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 4080000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized annual base-rate revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-04-10",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-roanoke-gas-2024-final-economics"
    },
    {
      "id": "observation-roanoke-gas-roe-authorized-2025",
      "proceeding_id": "case-roanoke-gas-pur-2024-00006",
      "utility_jurisdiction_id": "jurisdiction-roanoke-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 9.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized ROE for earnings tests and expedited proceedings under the stipulated capital structure effective July 1, 2024",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-04-10",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-roanoke-gas-2024-final-economics"
    },
    {
      "id": "observation-rockin-m-gas-os-24-00017711-annual-revenue-authorized",
      "proceeding_id": "case-rockin-m-gas-os-24-00017711",
      "utility_jurisdiction_id": "jurisdiction-rockin-m-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 137007,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Commission-approved settlement annual revenue increase",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-12-17",
      "missing_reason": null,
      "supersedes_observation_id": "observation-recent-decision-rockin-m-gas-os-24-00017711-annual_revenue_change-authorized",
      "citation_id": "citation-rockin-m-gas-os-24-00017711-revenue-authorized"
    },
    {
      "id": "observation-rockin-m-gas-os-24-00017711-annual-revenue-requested",
      "proceeding_id": "case-rockin-m-gas-os-24-00017711",
      "utility_jurisdiction_id": "jurisdiction-rockin-m-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-rockin-m-gas",
      "party_name": "Rockin M Gas Company",
      "period": null,
      "numeric_value": 156457,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Filed system-wide annual revenue increase",
      "gross_or_net": "gross",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-06-26",
      "missing_reason": null,
      "supersedes_observation_id": "observation-recent-decision-rockin-m-gas-os-24-00017711-annual_revenue_change-utility_request",
      "citation_id": "citation-rockin-m-gas-os-24-00017711-revenue-request"
    },
    {
      "id": "observation-rockin-m-gas-os-24-00017711-equity-ratio-authorized-missing",
      "proceeding_id": "case-rockin-m-gas-os-24-00017711",
      "utility_jurisdiction_id": "jurisdiction-rockin-m-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The Rockin M Gas final order and limited rehearing order do not state an authorized common-equity ratio.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-03-16",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-rockin-m-gas-os-24-00017711-economics-missing"
    },
    {
      "id": "observation-rockin-m-gas-os-24-00017711-rate-base-authorized-missing",
      "proceeding_id": "case-rockin-m-gas-os-24-00017711",
      "utility_jurisdiction_id": "jurisdiction-rockin-m-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The Rockin M Gas final order and limited rehearing order do not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-03-16",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-rockin-m-gas-os-24-00017711-economics-missing"
    },
    {
      "id": "observation-rockin-m-gas-os-24-00017711-roe-authorized-missing",
      "proceeding_id": "case-rockin-m-gas-os-24-00017711",
      "utility_jurisdiction_id": "jurisdiction-rockin-m-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The Rockin M Gas final order and limited rehearing order do not state an authorized return on equity.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-03-16",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-rockin-m-gas-os-24-00017711-economics-missing"
    },
    {
      "id": "observation-rockland-electric-equity-2026-06-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 48.51,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "New Jersey electric distribution base-rate capital structure.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-njbpu-rockland-electric-2026-final-order"
    },
    {
      "id": "observation-rockland-electric-er21050823-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-er21050823",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9650000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-12-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er21050823-order"
    },
    {
      "id": "observation-rockland-electric-er21050823-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-er21050823",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 16900000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-05-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er21050823-order"
    },
    {
      "id": "observation-rockland-electric-er25060374-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-er25060374",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 15250000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er25060374-order"
    },
    {
      "id": "observation-rockland-electric-er25060374-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-er25060374",
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 18740000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-er25060374-order"
    },
    {
      "id": "observation-rockland-electric-rate-base-2026-06-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 330314000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "New Jersey electric distribution rate base for the twelve months ended September 30, 2025.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-njbpu-rockland-electric-2026-final-order"
    },
    {
      "id": "observation-rockland-electric-roe-2026-06-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-rockland-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-nj-bpu",
      "party_name": "New Jersey Board of Public Utilities",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "New Jersey electric distribution base-rate return on common equity.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-njbpu-rockland-electric-2026-final-order"
    },
    {
      "id": "observation-semco-energy-gas-u-22002-roe-ag-position",
      "proceeding_id": "case-semco-energy-gas-u-22002",
      "utility_jurisdiction_id": "jurisdiction-semco-energy-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "consumer_advocate",
      "party_id": "party-mi-attorney-general",
      "party_name": "party-mi-attorney-general",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Michigan Attorney General testimony recommendation",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-24",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-semco-energy-gas-u-22002-ag-testimony-announcement"
    },
    {
      "id": "observation-semco-u20479-equity-authorized",
      "proceeding_id": "case-semco-energy-gas-u-20479",
      "utility_jurisdiction_id": "jurisdiction-semco-energy-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": {
        "id": "period-semco-u20479-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year 2020",
        "year": 2020,
        "start_date": "2020-01-01",
        "end_date": "2020-12-31"
      },
      "numeric_value": 54,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "MPSC-authorized common-equity share of overall ratemaking capital structure.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2019-12-06",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-semco-u20479-mpsc-release-page-1"
    },
    {
      "id": "observation-semco-u20479-overall-return-authorized",
      "proceeding_id": "case-semco-energy-gas-u-20479",
      "utility_jurisdiction_id": "jurisdiction-semco-energy-gas-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": {
        "id": "period-semco-u20479-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year 2020",
        "year": 2020,
        "start_date": "2020-01-01",
        "end_date": "2020-12-31"
      },
      "numeric_value": 6.44,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "MPSC-authorized overall rate of return.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2019-12-06",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-semco-u22002-summary-page-3"
    },
    {
      "id": "observation-semco-u20479-rate-base-authorized",
      "proceeding_id": "case-semco-energy-gas-u-20479",
      "utility_jurisdiction_id": "jurisdiction-semco-energy-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": {
        "id": "period-semco-u20479-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year 2020",
        "year": 2020,
        "start_date": "2020-01-01",
        "end_date": "2020-12-31"
      },
      "numeric_value": 718900000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Rate base reflected in SEMCO's last general rate order, as reported in its 2026 filed summary.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2019-12-06",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-semco-u22002-summary-page-3"
    },
    {
      "id": "observation-semco-u20479-revenue-authorized",
      "proceeding_id": "case-semco-energy-gas-u-20479",
      "utility_jurisdiction_id": "jurisdiction-semco-energy-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": {
        "id": "period-semco-u20479-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year 2020",
        "year": 2020,
        "start_date": "2020-01-01",
        "end_date": "2020-12-31"
      },
      "numeric_value": 19900000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "MPSC-authorized normalized annual gas distribution revenue increase.",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2019-12-06",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-semco-u22002-summary-page-2"
    },
    {
      "id": "observation-semco-u20479-revenue-request",
      "proceeding_id": "case-semco-energy-gas-u-20479",
      "utility_jurisdiction_id": "jurisdiction-semco-energy-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-semco-energy-gas",
      "party_name": "SEMCO Energy Gas Company",
      "period": {
        "id": "period-semco-u20479-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year 2020",
        "year": 2020,
        "start_date": "2020-01-01",
        "end_date": "2020-12-31"
      },
      "numeric_value": 38114307,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested normalized annual gas distribution revenue increase.",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": null,
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-semco-u22002-summary-page-2"
    },
    {
      "id": "observation-semco-u20479-roe-authorized",
      "proceeding_id": "case-semco-energy-gas-u-20479",
      "utility_jurisdiction_id": "jurisdiction-semco-energy-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": {
        "id": "period-semco-u20479-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year 2020",
        "year": 2020,
        "start_date": "2020-01-01",
        "end_date": "2020-12-31"
      },
      "numeric_value": 9.87,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "MPSC-authorized return on common equity.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2019-12-06",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-semco-u22002-summary-page-3"
    },
    {
      "id": "observation-semco-u22002-overall-return-request",
      "proceeding_id": "case-semco-energy-gas-u-22002",
      "utility_jurisdiction_id": "jurisdiction-semco-energy-gas-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-semco-energy-gas",
      "party_name": "SEMCO Energy Gas Company",
      "period": {
        "id": "period-semco-u22002-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 6.62,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "SEMCO's requested overall rate of return.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-semco-u22002-summary-page-4"
    },
    {
      "id": "observation-semco-u22002-rate-base-request",
      "proceeding_id": "case-semco-energy-gas-u-22002",
      "utility_jurisdiction_id": "jurisdiction-semco-energy-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-semco-energy-gas",
      "party_name": "SEMCO Energy Gas Company",
      "period": {
        "id": "period-semco-u22002-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 1188300000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "SEMCO's requested 13-month-average rate base for the 2027 projected test year.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-semco-u22002-summary-page-3"
    },
    {
      "id": "observation-semco-u22002-revenue-percent-filed-summary",
      "proceeding_id": "case-semco-energy-gas-u-22002",
      "utility_jurisdiction_id": "jurisdiction-semco-energy-gas-gas",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "utility-semco-energy-gas",
      "party_name": "SEMCO Energy Gas Company",
      "period": {
        "id": "period-semco-u22002-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 15,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested total-service increase stated by SEMCO.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-02-23",
      "missing_reason": null,
      "supersedes_observation_id": "observation-semco-energy-gas-u-22002-revenue-percent-request",
      "citation_id": "citation-semco-u22002-summary-page-4"
    },
    {
      "id": "observation-semco-u22002-revenue-request-filed-summary",
      "proceeding_id": "case-semco-energy-gas-u-22002",
      "utility_jurisdiction_id": "jurisdiction-semco-energy-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-semco-energy-gas",
      "party_name": "SEMCO Energy Gas Company",
      "period": {
        "id": "period-semco-u22002-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 61300000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested 2027 projected annual gas distribution revenue deficiency.",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-02-23",
      "missing_reason": null,
      "supersedes_observation_id": "observation-semco-energy-gas-u-22002-revenue-request",
      "citation_id": "citation-semco-u22002-summary-page-3"
    },
    {
      "id": "observation-semco-u22002-roe-request-filed-summary",
      "proceeding_id": "case-semco-energy-gas-u-22002",
      "utility_jurisdiction_id": "jurisdiction-semco-energy-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-semco-energy-gas",
      "party_name": "SEMCO Energy Gas Company",
      "period": {
        "id": "period-semco-u22002-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 10.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "SEMCO's requested return on common equity.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-23",
      "missing_reason": null,
      "supersedes_observation_id": "observation-semco-energy-gas-u-22002-roe-request",
      "citation_id": "citation-semco-u22002-summary-page-4"
    },
    {
      "id": "observation-sienergy-os-23-00013504-annual-revenue-authorized",
      "proceeding_id": "case-sienergy-os-23-00013504",
      "utility_jurisdiction_id": "jurisdiction-sienergy-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 5500000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Commission-approved settlement annual revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2023-09-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-sienergy-os-23-00013504-revenue-authorized"
    },
    {
      "id": "observation-sienergy-os-23-00013504-annual-revenue-requested",
      "proceeding_id": "case-sienergy-os-23-00013504",
      "utility_jurisdiction_id": "jurisdiction-sienergy-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-sienergy",
      "party_name": "SiEnergy, LP",
      "period": null,
      "numeric_value": 9694308,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Filed system-wide annual revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2023-05-05",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-sienergy-os-23-00013504-revenue-request"
    },
    {
      "id": "observation-sienergy-os-23-00013504-equity-ratio-authorized-missing",
      "proceeding_id": "case-sienergy-os-23-00013504",
      "utility_jurisdiction_id": "jurisdiction-sienergy-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The approved SiEnergy black-box settlement does not state an authorized common-equity ratio.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-10-14",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-sienergy-os-23-00013504-black-box-omissions"
    },
    {
      "id": "observation-sienergy-os-23-00013504-rate-base-authorized-missing",
      "proceeding_id": "case-sienergy-os-23-00013504",
      "utility_jurisdiction_id": "jurisdiction-sienergy-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The approved SiEnergy black-box settlement does not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-10-14",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-sienergy-os-23-00013504-black-box-omissions"
    },
    {
      "id": "observation-sienergy-os-23-00013504-roe-authorized-missing",
      "proceeding_id": "case-sienergy-os-23-00013504",
      "utility_jurisdiction_id": "jurisdiction-sienergy-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The approved SiEnergy black-box settlement does not state an authorized ROE.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-10-14",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-sienergy-os-23-00013504-black-box-omissions"
    },
    {
      "id": "observation-six-state-active-aes-common_equity_ratio-missing",
      "proceeding_id": "case-aes-ohio-25-958-el-air",
      "utility_jurisdiction_id": "jurisdiction-aes-ohio-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-aes-ohio",
      "party_name": "The Dayton Power and Light Company d/b/a AES Ohio",
      "period": {
        "id": "period-six-state-active-aes-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "common equity ratio in the reviewed application cover and public notice",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-12",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-aes"
    },
    {
      "id": "observation-six-state-active-aes-overall_rate_of_return-missing",
      "proceeding_id": "case-aes-ohio-25-958-el-air",
      "utility_jurisdiction_id": "jurisdiction-aes-ohio-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-aes-ohio",
      "party_name": "The Dayton Power and Light Company d/b/a AES Ohio",
      "period": {
        "id": "period-six-state-active-aes-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "overall rate of return in the reviewed application cover and public notice",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-12",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-aes"
    },
    {
      "id": "observation-six-state-active-aes-rate_base-missing",
      "proceeding_id": "case-aes-ohio-25-958-el-air",
      "utility_jurisdiction_id": "jurisdiction-aes-ohio-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-aes-ohio",
      "party_name": "The Dayton Power and Light Company d/b/a AES Ohio",
      "period": {
        "id": "period-six-state-active-aes-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "rate base in the reviewed application cover and public notice",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-12",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-aes"
    },
    {
      "id": "observation-six-state-active-aes-residential_monthly_bill_impact-missing",
      "proceeding_id": "case-aes-ohio-25-958-el-air",
      "utility_jurisdiction_id": "jurisdiction-aes-ohio-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-aes-ohio",
      "party_name": "The Dayton Power and Light Company d/b/a AES Ohio",
      "period": {
        "id": "period-six-state-active-aes-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "residential monthly bill impact in the reviewed application cover and public notice",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-12",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-aes"
    },
    {
      "id": "observation-six-state-active-aes-revenue-2027",
      "proceeding_id": "case-aes-ohio-25-958-el-air",
      "utility_jurisdiction_id": "jurisdiction-aes-ohio-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-aes-ohio",
      "party_name": "The Dayton Power and Light Company d/b/a AES Ohio",
      "period": {
        "id": "period-six-state-active-aes-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 169815452,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested base distribution increase for 2027",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-11-12",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-aes"
    },
    {
      "id": "observation-six-state-active-aes-revenue-2028",
      "proceeding_id": "case-aes-ohio-25-958-el-air",
      "utility_jurisdiction_id": "jurisdiction-aes-ohio-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-aes-ohio",
      "party_name": "The Dayton Power and Light Company d/b/a AES Ohio",
      "period": {
        "id": "period-six-state-active-aes-rate-year-2028",
        "period_type": "rate_year",
        "label": "Rate year 2028",
        "year": 2028,
        "start_date": "2028-01-01",
        "end_date": "2028-12-31"
      },
      "numeric_value": 41377134,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested base distribution increase for 2028",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-11-12",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-aes"
    },
    {
      "id": "observation-six-state-active-aes-revenue-2029",
      "proceeding_id": "case-aes-ohio-25-958-el-air",
      "utility_jurisdiction_id": "jurisdiction-aes-ohio-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-aes-ohio",
      "party_name": "The Dayton Power and Light Company d/b/a AES Ohio",
      "period": {
        "id": "period-six-state-active-aes-rate-year-2029",
        "period_type": "rate_year",
        "label": "Rate year 2029",
        "year": 2029,
        "start_date": "2029-01-01",
        "end_date": "2029-12-31"
      },
      "numeric_value": 26247569,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested base distribution increase for 2029",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-11-12",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-aes"
    },
    {
      "id": "observation-six-state-active-aes-roe",
      "proceeding_id": "case-aes-ohio-25-958-el-air",
      "utility_jurisdiction_id": "jurisdiction-aes-ohio-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-aes-ohio",
      "party_name": "The Dayton Power and Light Company d/b/a AES Ohio",
      "period": {
        "id": "period-six-state-active-aes-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 10.1,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed three-year rate plan",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-12",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-aes"
    },
    {
      "id": "observation-six-state-active-cumberland-authorized-revenue-missing",
      "proceeding_id": "case-cumberland-gas-24-862-ga-air",
      "utility_jurisdiction_id": "jurisdiction-cumberland-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Authorized annual revenue change in the reviewed Commission minutes",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-02-18",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-cumberland-order"
    },
    {
      "id": "observation-six-state-active-cumberland-authorized-roe-missing",
      "proceeding_id": "case-cumberland-gas-24-862-ga-air",
      "utility_jurisdiction_id": "jurisdiction-cumberland-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized ROE in the reviewed Commission minutes",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-18",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-cumberland-order"
    },
    {
      "id": "observation-six-state-active-cumberland-bill-impact",
      "proceeding_id": "case-cumberland-gas-24-862-ga-air",
      "utility_jurisdiction_id": "jurisdiction-cumberland-gas-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 4,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Residential fixed monthly charge increase from $10 to $14",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-cumberland-order"
    },
    {
      "id": "observation-six-state-active-cumberland-request-revenue-missing",
      "proceeding_id": "case-cumberland-gas-24-862-ga-air",
      "utility_jurisdiction_id": "jurisdiction-cumberland-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-cumberland-gas",
      "party_name": "Cumberland Gas Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Original annual revenue request in the reviewed final-decision source",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2024-10-03",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-cumberland-order"
    },
    {
      "id": "observation-six-state-active-cumberland-request-roe-missing",
      "proceeding_id": "case-cumberland-gas-24-862-ga-air",
      "utility_jurisdiction_id": "jurisdiction-cumberland-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-cumberland-gas",
      "party_name": "Cumberland Gas Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested ROE in the reviewed final-decision source",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-10-03",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-cumberland-order"
    },
    {
      "id": "observation-six-state-active-enbridge-annual_revenue_change",
      "proceeding_id": "case-enbridge-gas-ohio-25-1097-ga-air",
      "utility_jurisdiction_id": "jurisdiction-enbridge-gas-ohio-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-enbridge-gas-ohio",
      "party_name": "Enbridge Gas Ohio",
      "period": {
        "id": "period-six-state-active-enbridge-application",
        "period_type": "other",
        "label": "Filed application period; detailed test-period dates not stated in reviewed summary",
        "year": 2025,
        "start_date": null,
        "end_date": null
      },
      "numeric_value": 163100000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Filed utility request",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-enbridge"
    },
    {
      "id": "observation-six-state-active-enbridge-common_equity_ratio-missing",
      "proceeding_id": "case-enbridge-gas-ohio-25-1097-ga-air",
      "utility_jurisdiction_id": "jurisdiction-enbridge-gas-ohio-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-enbridge-gas-ohio",
      "party_name": "Enbridge Gas Ohio",
      "period": {
        "id": "period-six-state-active-enbridge-application",
        "period_type": "other",
        "label": "Filed application period; detailed test-period dates not stated in reviewed summary",
        "year": 2025,
        "start_date": null,
        "end_date": null
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "common equity ratio not verified in the reviewed summary schedules",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-enbridge"
    },
    {
      "id": "observation-six-state-active-enbridge-overall_rate_of_return",
      "proceeding_id": "case-enbridge-gas-ohio-25-1097-ga-air",
      "utility_jurisdiction_id": "jurisdiction-enbridge-gas-ohio-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-enbridge-gas-ohio",
      "party_name": "Enbridge Gas Ohio",
      "period": {
        "id": "period-six-state-active-enbridge-application",
        "period_type": "other",
        "label": "Filed application period; detailed test-period dates not stated in reviewed summary",
        "year": 2025,
        "start_date": null,
        "end_date": null
      },
      "numeric_value": 7.49,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed utility request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-enbridge"
    },
    {
      "id": "observation-six-state-active-enbridge-rate_base-missing",
      "proceeding_id": "case-enbridge-gas-ohio-25-1097-ga-air",
      "utility_jurisdiction_id": "jurisdiction-enbridge-gas-ohio-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-enbridge-gas-ohio",
      "party_name": "Enbridge Gas Ohio",
      "period": {
        "id": "period-six-state-active-enbridge-application",
        "period_type": "other",
        "label": "Filed application period; detailed test-period dates not stated in reviewed summary",
        "year": 2025,
        "start_date": null,
        "end_date": null
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "rate base not verified in the reviewed summary schedules",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-enbridge"
    },
    {
      "id": "observation-six-state-active-enbridge-residential_monthly_bill_impact",
      "proceeding_id": "case-enbridge-gas-ohio-25-1097-ga-air",
      "utility_jurisdiction_id": "jurisdiction-enbridge-gas-ohio-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-enbridge-gas-ohio",
      "party_name": "Enbridge Gas Ohio",
      "period": {
        "id": "period-six-state-active-enbridge-application",
        "period_type": "other",
        "label": "Filed application period; detailed test-period dates not stated in reviewed summary",
        "year": 2025,
        "start_date": null,
        "end_date": null
      },
      "numeric_value": 9.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Filed utility request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-enbridge"
    },
    {
      "id": "observation-six-state-active-enbridge-return_on_equity",
      "proceeding_id": "case-enbridge-gas-ohio-25-1097-ga-air",
      "utility_jurisdiction_id": "jurisdiction-enbridge-gas-ohio-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-enbridge-gas-ohio",
      "party_name": "Enbridge Gas Ohio",
      "period": {
        "id": "period-six-state-active-enbridge-application",
        "period_type": "other",
        "label": "Filed application period; detailed test-period dates not stated in reviewed summary",
        "year": 2025,
        "start_date": null,
        "end_date": null
      },
      "numeric_value": 10.3,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed utility request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-enbridge"
    },
    {
      "id": "observation-six-state-active-firstenergy-common_equity_ratio",
      "proceeding_id": "case-firstenergy-ohio-26-347-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-ohio-edison",
      "party_name": "Ohio Edison Company",
      "period": {
        "id": "period-six-state-active-firstenergy-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year beginning July 1, 2027",
        "year": 2027,
        "start_date": "2027-07-01",
        "end_date": "2028-06-30"
      },
      "numeric_value": 53,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Aggregate Ohio utilities three-year rate plan",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-22",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-firstenergy"
    },
    {
      "id": "observation-six-state-active-firstenergy-overall_rate_of_return-missing",
      "proceeding_id": "case-firstenergy-ohio-26-347-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-ohio-edison",
      "party_name": "Ohio Edison Company",
      "period": {
        "id": "period-six-state-active-firstenergy-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year beginning July 1, 2027",
        "year": 2027,
        "start_date": "2027-07-01",
        "end_date": "2028-06-30"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "overall rate of return in the reviewed investor filing",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-22",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-firstenergy"
    },
    {
      "id": "observation-six-state-active-firstenergy-rate-base-2027",
      "proceeding_id": "case-firstenergy-ohio-26-347-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-ohio-edison",
      "party_name": "Ohio Edison Company",
      "period": {
        "id": "period-six-state-active-firstenergy-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year beginning July 1, 2027",
        "year": 2027,
        "start_date": "2027-07-01",
        "end_date": "2028-06-30"
      },
      "numeric_value": 5100000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Aggregate Ohio utilities rate base for rate year 2027",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-22",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-firstenergy"
    },
    {
      "id": "observation-six-state-active-firstenergy-rate-base-2028",
      "proceeding_id": "case-firstenergy-ohio-26-347-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-ohio-edison",
      "party_name": "Ohio Edison Company",
      "period": {
        "id": "period-six-state-active-firstenergy-rate-year-2028",
        "period_type": "rate_year",
        "label": "Rate year beginning July 1, 2028",
        "year": 2028,
        "start_date": "2028-07-01",
        "end_date": "2029-06-30"
      },
      "numeric_value": 5500000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Aggregate Ohio utilities rate base for rate year 2028",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-22",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-firstenergy"
    },
    {
      "id": "observation-six-state-active-firstenergy-rate-base-2029",
      "proceeding_id": "case-firstenergy-ohio-26-347-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-ohio-edison",
      "party_name": "Ohio Edison Company",
      "period": {
        "id": "period-six-state-active-firstenergy-rate-year-2029",
        "period_type": "rate_year",
        "label": "Rate year beginning July 1, 2029",
        "year": 2029,
        "start_date": "2029-07-01",
        "end_date": "2030-06-30"
      },
      "numeric_value": 5900000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Aggregate Ohio utilities rate base for rate year 2029",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-22",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-firstenergy"
    },
    {
      "id": "observation-six-state-active-firstenergy-residential_monthly_bill_impact-missing",
      "proceeding_id": "case-firstenergy-ohio-26-347-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-ohio-edison",
      "party_name": "Ohio Edison Company",
      "period": {
        "id": "period-six-state-active-firstenergy-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year beginning July 1, 2027",
        "year": 2027,
        "start_date": "2027-07-01",
        "end_date": "2028-06-30"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "residential monthly bill impact in the reviewed investor filing",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-22",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-firstenergy"
    },
    {
      "id": "observation-six-state-active-firstenergy-return_on_equity",
      "proceeding_id": "case-firstenergy-ohio-26-347-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-ohio-edison",
      "party_name": "Ohio Edison Company",
      "period": {
        "id": "period-six-state-active-firstenergy-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year beginning July 1, 2027",
        "year": 2027,
        "start_date": "2027-07-01",
        "end_date": "2028-06-30"
      },
      "numeric_value": 10.2,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Aggregate Ohio utilities three-year rate plan",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-22",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-firstenergy"
    },
    {
      "id": "observation-six-state-active-firstenergy-revenue-2027",
      "proceeding_id": "case-firstenergy-ohio-26-347-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-ohio-edison",
      "party_name": "Ohio Edison Company",
      "period": {
        "id": "period-six-state-active-firstenergy-rate-year-2027",
        "period_type": "rate_year",
        "label": "Rate year beginning July 1, 2027",
        "year": 2027,
        "start_date": "2027-07-01",
        "end_date": "2028-06-30"
      },
      "numeric_value": 254000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Aggregate Ohio utilities rate-year increase beginning July 2027",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-05-22",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-firstenergy"
    },
    {
      "id": "observation-six-state-active-firstenergy-revenue-2028",
      "proceeding_id": "case-firstenergy-ohio-26-347-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-ohio-edison",
      "party_name": "Ohio Edison Company",
      "period": {
        "id": "period-six-state-active-firstenergy-rate-year-2028",
        "period_type": "rate_year",
        "label": "Rate year beginning July 1, 2028",
        "year": 2028,
        "start_date": "2028-07-01",
        "end_date": "2029-06-30"
      },
      "numeric_value": 58800000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Aggregate Ohio utilities rate-year increase beginning July 2028",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-05-22",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-firstenergy"
    },
    {
      "id": "observation-six-state-active-firstenergy-revenue-2029",
      "proceeding_id": "case-firstenergy-ohio-26-347-el-air",
      "utility_jurisdiction_id": "jurisdiction-ohio-edison-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-ohio-edison",
      "party_name": "Ohio Edison Company",
      "period": {
        "id": "period-six-state-active-firstenergy-rate-year-2029",
        "period_type": "rate_year",
        "label": "Rate year beginning July 1, 2029",
        "year": 2029,
        "start_date": "2029-07-01",
        "end_date": "2030-06-30"
      },
      "numeric_value": 79500000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Aggregate Ohio utilities rate-year increase beginning July 2029",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-05-22",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-firstenergy"
    },
    {
      "id": "observation-six-state-active-njng-common_equity_ratio",
      "proceeding_id": "case-nj-bpu-gr26060278",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-new-jersey-natural-gas",
      "party_name": "New Jersey Natural Gas Company",
      "period": {
        "id": "period-six-state-active-njng-test-year",
        "period_type": "historical_test_year",
        "label": "Test year November 1, 2025 through October 31, 2026",
        "year": 2026,
        "start_date": "2025-11-01",
        "end_date": "2026-10-31"
      },
      "numeric_value": 55.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed or updated utility request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-njng"
    },
    {
      "id": "observation-six-state-active-njng-overall_rate_of_return",
      "proceeding_id": "case-nj-bpu-gr26060278",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-new-jersey-natural-gas",
      "party_name": "New Jersey Natural Gas Company",
      "period": {
        "id": "period-six-state-active-njng-test-year",
        "period_type": "historical_test_year",
        "label": "Test year November 1, 2025 through October 31, 2026",
        "year": 2026,
        "start_date": "2025-11-01",
        "end_date": "2026-10-31"
      },
      "numeric_value": 7.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed or updated utility request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-njng"
    },
    {
      "id": "observation-six-state-active-njng-rate_base",
      "proceeding_id": "case-nj-bpu-gr26060278",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-new-jersey-natural-gas",
      "party_name": "New Jersey Natural Gas Company",
      "period": {
        "id": "period-six-state-active-njng-test-year",
        "period_type": "historical_test_year",
        "label": "Test year November 1, 2025 through October 31, 2026",
        "year": 2026,
        "start_date": "2025-11-01",
        "end_date": "2026-10-31"
      },
      "numeric_value": 4046130000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Filed or updated utility request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-njng"
    },
    {
      "id": "observation-six-state-active-njng-residential_monthly_bill_impact",
      "proceeding_id": "case-nj-bpu-gr26060278",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-new-jersey-natural-gas",
      "party_name": "New Jersey Natural Gas Company",
      "period": {
        "id": "period-six-state-active-njng-test-year",
        "period_type": "historical_test_year",
        "label": "Test year November 1, 2025 through October 31, 2026",
        "year": 2026,
        "start_date": "2025-11-01",
        "end_date": "2026-10-31"
      },
      "numeric_value": 23.7,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Filed or updated utility request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-njng"
    },
    {
      "id": "observation-six-state-active-njng-return_on_equity",
      "proceeding_id": "case-nj-bpu-gr26060278",
      "utility_jurisdiction_id": "jurisdiction-new-jersey-natural-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-new-jersey-natural-gas",
      "party_name": "New Jersey Natural Gas Company",
      "period": {
        "id": "period-six-state-active-njng-test-year",
        "period_type": "historical_test_year",
        "label": "Test year November 1, 2025 through October 31, 2026",
        "year": 2026,
        "start_date": "2025-11-01",
        "end_date": "2026-10-31"
      },
      "numeric_value": 10.1,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed or updated utility request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-njng"
    },
    {
      "id": "observation-six-state-active-roanoke-annual_revenue_change",
      "proceeding_id": "case-roanoke-gas-pur-2025-00209",
      "utility_jurisdiction_id": "jurisdiction-roanoke-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-roanoke-gas",
      "party_name": "Roanoke Gas Company",
      "period": {
        "id": "period-six-state-active-roanoke-application",
        "period_type": "other",
        "label": "Expedited application period",
        "year": 2025,
        "start_date": null,
        "end_date": null
      },
      "numeric_value": 4290000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Filed expedited request; bill value represents no fixed-customer-charge increase",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-12-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-roanoke"
    },
    {
      "id": "observation-six-state-active-roanoke-residential_monthly_bill_impact",
      "proceeding_id": "case-roanoke-gas-pur-2025-00209",
      "utility_jurisdiction_id": "jurisdiction-roanoke-gas-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-roanoke-gas",
      "party_name": "Roanoke Gas Company",
      "period": {
        "id": "period-six-state-active-roanoke-application",
        "period_type": "other",
        "label": "Expedited application period",
        "year": 2025,
        "start_date": null,
        "end_date": null
      },
      "numeric_value": 0,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Filed expedited request; bill value represents no fixed-customer-charge increase",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-roanoke"
    },
    {
      "id": "observation-six-state-active-roanoke-return_on_equity",
      "proceeding_id": "case-roanoke-gas-pur-2025-00209",
      "utility_jurisdiction_id": "jurisdiction-roanoke-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-roanoke-gas",
      "party_name": "Roanoke Gas Company",
      "period": {
        "id": "period-six-state-active-roanoke-application",
        "period_type": "other",
        "label": "Expedited application period",
        "year": 2025,
        "start_date": null,
        "end_date": null
      },
      "numeric_value": 9.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed expedited request; bill value represents no fixed-customer-charge increase",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-roanoke"
    },
    {
      "id": "observation-six-state-active-sjg-annual_revenue_change",
      "proceeding_id": "case-nj-bpu-gr25110627",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-south-jersey-gas",
      "party_name": "South Jersey Gas Company",
      "period": {
        "id": "period-six-state-active-sjg-update",
        "period_type": "future_test_year",
        "label": "Test year ended March 31, 2026 with post-test adjustments through September 30, 2026",
        "year": 2026,
        "start_date": "2025-04-01",
        "end_date": "2026-03-31"
      },
      "numeric_value": 67801289,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Filed or updated utility request",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-02-13",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-sjg"
    },
    {
      "id": "observation-six-state-active-sjg-bill-impact-missing",
      "proceeding_id": "case-nj-bpu-gr25110627",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-south-jersey-gas",
      "party_name": "South Jersey Gas Company",
      "period": {
        "id": "period-six-state-active-sjg-update",
        "period_type": "future_test_year",
        "label": "Test year ended March 31, 2026 with post-test adjustments through September 30, 2026",
        "year": 2026,
        "start_date": "2025-04-01",
        "end_date": "2026-03-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Representative monthly bill impact in the reviewed update schedules",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-13",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-sjg"
    },
    {
      "id": "observation-six-state-active-sjg-equity-missing",
      "proceeding_id": "case-nj-bpu-gr25110627",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-south-jersey-gas",
      "party_name": "South Jersey Gas Company",
      "period": {
        "id": "period-six-state-active-sjg-update",
        "period_type": "future_test_year",
        "label": "Test year ended March 31, 2026 with post-test adjustments through September 30, 2026",
        "year": 2026,
        "start_date": "2025-04-01",
        "end_date": "2026-03-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Common-equity ratio in the reviewed update schedules",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-13",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-sjg"
    },
    {
      "id": "observation-six-state-active-sjg-overall_rate_of_return",
      "proceeding_id": "case-nj-bpu-gr25110627",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-south-jersey-gas",
      "party_name": "South Jersey Gas Company",
      "period": {
        "id": "period-six-state-active-sjg-update",
        "period_type": "future_test_year",
        "label": "Test year ended March 31, 2026 with post-test adjustments through September 30, 2026",
        "year": 2026,
        "start_date": "2025-04-01",
        "end_date": "2026-03-31"
      },
      "numeric_value": 7.96,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed or updated utility request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-13",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-sjg"
    },
    {
      "id": "observation-six-state-active-sjg-rate_base",
      "proceeding_id": "case-nj-bpu-gr25110627",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-south-jersey-gas",
      "party_name": "South Jersey Gas Company",
      "period": {
        "id": "period-six-state-active-sjg-update",
        "period_type": "future_test_year",
        "label": "Test year ended March 31, 2026 with post-test adjustments through September 30, 2026",
        "year": 2026,
        "start_date": "2025-04-01",
        "end_date": "2026-03-31"
      },
      "numeric_value": 2914599613,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Filed or updated utility request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-02-13",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-sjg"
    },
    {
      "id": "observation-six-state-active-suburban-authorized-revenue",
      "proceeding_id": "case-suburban-natural-gas-25-553-ga-air",
      "utility_jurisdiction_id": "jurisdiction-suburban-natural-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 1190000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "PUCO-approved annual distribution revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2026-03-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-suburban-order"
    },
    {
      "id": "observation-six-state-active-suburban-authorized-roe",
      "proceeding_id": "case-suburban-natural-gas-25-553-ga-air",
      "utility_jurisdiction_id": "jurisdiction-suburban-natural-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 9.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PUCO-approved settlement ROE",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-suburban-order"
    },
    {
      "id": "observation-six-state-active-suburban-bill-impact",
      "proceeding_id": "case-suburban-natural-gas-25-553-ga-air",
      "utility_jurisdiction_id": "jurisdiction-suburban-natural-gas-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 4.73,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Average residential monthly bill increase",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-suburban-order"
    },
    {
      "id": "observation-six-state-active-suburban-request-revenue-missing",
      "proceeding_id": "case-suburban-natural-gas-25-553-ga-air",
      "utility_jurisdiction_id": "jurisdiction-suburban-natural-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-suburban-natural-gas",
      "party_name": "Suburban Natural Gas Company",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Original annual revenue request in the reviewed PUCO decision summary",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-05-27",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-suburban-order"
    },
    {
      "id": "observation-six-state-active-suburban-request-roe",
      "proceeding_id": "case-suburban-natural-gas-25-553-ga-air",
      "utility_jurisdiction_id": "jurisdiction-suburban-natural-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-suburban-natural-gas",
      "party_name": "Suburban Natural Gas Company",
      "period": null,
      "numeric_value": 11.7,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Utility-requested ROE described in the reviewed decision record",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-05-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-suburban-order"
    },
    {
      "id": "observation-six-state-active-tnmp-annual_revenue_change",
      "proceeding_id": "case-tnmp-58964",
      "utility_jurisdiction_id": "jurisdiction-tnmp-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-tnmp",
      "party_name": "Texas-New Mexico Power Company",
      "period": {
        "id": "period-tnmp-58964-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended June 30, 2025",
        "year": 2025,
        "start_date": "2024-07-01",
        "end_date": "2025-06-30"
      },
      "numeric_value": 33795234,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Filed system-wide request",
      "gross_or_net": "not_applicable",
      "annualization": "annual",
      "derivation": "explicit",
      "as_of_date": "2025-11-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-tnmp"
    },
    {
      "id": "observation-six-state-active-tnmp-bill-impact-na",
      "proceeding_id": "case-tnmp-58964",
      "utility_jurisdiction_id": "jurisdiction-tnmp-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-tnmp",
      "party_name": "Texas-New Mexico Power Company",
      "period": {
        "id": "period-tnmp-58964-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended June 30, 2025",
        "year": 2025,
        "start_date": "2024-07-01",
        "end_date": "2025-06-30"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "TNMP is a transmission and distribution utility billing retail electric providers rather than end users",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-14",
      "missing_reason": "not_applicable",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-tnmp"
    },
    {
      "id": "observation-six-state-active-tnmp-common_equity_ratio",
      "proceeding_id": "case-tnmp-58964",
      "utility_jurisdiction_id": "jurisdiction-tnmp-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-tnmp",
      "party_name": "Texas-New Mexico Power Company",
      "period": {
        "id": "period-tnmp-58964-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended June 30, 2025",
        "year": 2025,
        "start_date": "2024-07-01",
        "end_date": "2025-06-30"
      },
      "numeric_value": 47.54,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed system-wide request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-tnmp"
    },
    {
      "id": "observation-six-state-active-tnmp-overall_rate_of_return",
      "proceeding_id": "case-tnmp-58964",
      "utility_jurisdiction_id": "jurisdiction-tnmp-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-tnmp",
      "party_name": "Texas-New Mexico Power Company",
      "period": {
        "id": "period-tnmp-58964-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended June 30, 2025",
        "year": 2025,
        "start_date": "2024-07-01",
        "end_date": "2025-06-30"
      },
      "numeric_value": 7.88,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed system-wide request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-tnmp"
    },
    {
      "id": "observation-six-state-active-tnmp-return_on_equity",
      "proceeding_id": "case-tnmp-58964",
      "utility_jurisdiction_id": "jurisdiction-tnmp-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-tnmp",
      "party_name": "Texas-New Mexico Power Company",
      "period": {
        "id": "period-tnmp-58964-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended June 30, 2025",
        "year": 2025,
        "start_date": "2024-07-01",
        "end_date": "2025-06-30"
      },
      "numeric_value": 10.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed system-wide request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-tnmp"
    },
    {
      "id": "observation-six-state-active-u21981-bill-impact-missing",
      "proceeding_id": "case-consumers-energy-u-21981",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": {
        "id": "period-six-state-active-u21981",
        "period_type": "future_test_year",
        "label": "Projected test year ending October 31, 2027",
        "year": 2027,
        "start_date": "2026-11-01",
        "end_date": "2027-10-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Representative residential monthly bill impact in the reviewed filing summary",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-16",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u21981"
    },
    {
      "id": "observation-six-state-active-u21981-common_equity_ratio",
      "proceeding_id": "case-consumers-energy-u-21981",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": {
        "id": "period-six-state-active-u21981",
        "period_type": "future_test_year",
        "label": "Projected test year ending October 31, 2027",
        "year": 2027,
        "start_date": "2026-11-01",
        "end_date": "2027-10-31"
      },
      "numeric_value": 43.33,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed total-company request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u21981"
    },
    {
      "id": "observation-six-state-active-u21981-overall_rate_of_return",
      "proceeding_id": "case-consumers-energy-u-21981",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": {
        "id": "period-six-state-active-u21981",
        "period_type": "future_test_year",
        "label": "Projected test year ending October 31, 2027",
        "year": 2027,
        "start_date": "2026-11-01",
        "end_date": "2027-10-31"
      },
      "numeric_value": 6.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed total-company request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u21981"
    },
    {
      "id": "observation-six-state-active-u21981-rate_base",
      "proceeding_id": "case-consumers-energy-u-21981",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": {
        "id": "period-six-state-active-u21981",
        "period_type": "future_test_year",
        "label": "Projected test year ending October 31, 2027",
        "year": 2027,
        "start_date": "2026-11-01",
        "end_date": "2027-10-31"
      },
      "numeric_value": 12490000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Filed total-company request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u21981"
    },
    {
      "id": "observation-six-state-active-u21981-return_on_equity",
      "proceeding_id": "case-consumers-energy-u-21981",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": {
        "id": "period-six-state-active-u21981",
        "period_type": "future_test_year",
        "label": "Projected test year ending October 31, 2027",
        "year": 2027,
        "start_date": "2026-11-01",
        "end_date": "2027-10-31"
      },
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed total-company request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u21981"
    },
    {
      "id": "observation-six-state-active-u22032-common_equity_ratio-missing",
      "proceeding_id": "case-uppco-u-22032",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-uppco",
      "party_name": "Upper Peninsula Power Company",
      "period": {
        "id": "period-uppco-u22032-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended December 31, 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "common equity ratio in the reviewed filing summary",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-18",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u22032"
    },
    {
      "id": "observation-six-state-active-u22032-overall_rate_of_return-missing",
      "proceeding_id": "case-uppco-u-22032",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-uppco",
      "party_name": "Upper Peninsula Power Company",
      "period": {
        "id": "period-uppco-u22032-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended December 31, 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "overall rate of return in the reviewed filing summary",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-18",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u22032"
    },
    {
      "id": "observation-six-state-active-u22032-residential_monthly_bill_impact-missing",
      "proceeding_id": "case-uppco-u-22032",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-uppco",
      "party_name": "Upper Peninsula Power Company",
      "period": {
        "id": "period-uppco-u22032-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended December 31, 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "residential monthly bill impact in the reviewed filing summary",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-18",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u22032"
    },
    {
      "id": "observation-six-state-active-u22046-bill-impact-missing",
      "proceeding_id": "case-dte-electric-u-22046",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": {
        "id": "period-dte-electric-u22046-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending February 29, 2028",
        "year": 2028,
        "start_date": "2027-03-01",
        "end_date": "2028-02-29"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Representative residential bill impact in the reviewed filing summary",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-04-28",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u22046"
    },
    {
      "id": "observation-six-state-active-u22046-wacc-missing",
      "proceeding_id": "case-dte-electric-u-22046",
      "utility_jurisdiction_id": "jurisdiction-dte-electric-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-dte-electric",
      "party_name": "DTE Electric Company",
      "period": {
        "id": "period-dte-electric-u22046-future-test-year",
        "period_type": "future_test_year",
        "label": "Projected twelve months ending February 29, 2028",
        "year": 2028,
        "start_date": "2027-03-01",
        "end_date": "2028-02-29"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested overall return in the reviewed rate-case summary",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-04-28",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u22046"
    },
    {
      "id": "observation-six-state-active-u22070-bill-impact-missing",
      "proceeding_id": "case-consumers-energy-u-22070",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": {
        "id": "period-six-state-active-u22070",
        "period_type": "future_test_year",
        "label": "Projected test year ending April 30, 2028",
        "year": 2028,
        "start_date": "2027-05-01",
        "end_date": "2028-04-30"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Representative residential monthly bill impact in the reviewed filing summary",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-02",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u22070"
    },
    {
      "id": "observation-six-state-active-u22070-common_equity_ratio",
      "proceeding_id": "case-consumers-energy-u-22070",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": {
        "id": "period-six-state-active-u22070",
        "period_type": "future_test_year",
        "label": "Projected test year ending April 30, 2028",
        "year": 2028,
        "start_date": "2027-05-01",
        "end_date": "2028-04-30"
      },
      "numeric_value": 44.65,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed total-company request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u22070"
    },
    {
      "id": "observation-six-state-active-u22070-overall_rate_of_return",
      "proceeding_id": "case-consumers-energy-u-22070",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": {
        "id": "period-six-state-active-u22070",
        "period_type": "future_test_year",
        "label": "Projected test year ending April 30, 2028",
        "year": 2028,
        "start_date": "2027-05-01",
        "end_date": "2028-04-30"
      },
      "numeric_value": 6.59,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed total-company request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u22070"
    },
    {
      "id": "observation-six-state-active-u22070-rate_base",
      "proceeding_id": "case-consumers-energy-u-22070",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": {
        "id": "period-six-state-active-u22070",
        "period_type": "future_test_year",
        "label": "Projected test year ending April 30, 2028",
        "year": 2028,
        "start_date": "2027-05-01",
        "end_date": "2028-04-30"
      },
      "numeric_value": 17980000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Filed total-company request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u22070"
    },
    {
      "id": "observation-six-state-active-u22070-return_on_equity",
      "proceeding_id": "case-consumers-energy-u-22070",
      "utility_jurisdiction_id": "jurisdiction-consumers-energy-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-consumers-energy",
      "party_name": "Consumers Energy Company",
      "period": {
        "id": "period-six-state-active-u22070",
        "period_type": "future_test_year",
        "label": "Projected test year ending April 30, 2028",
        "year": 2028,
        "start_date": "2027-05-01",
        "end_date": "2028-04-30"
      },
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Filed total-company request",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-six-state-active-u22070"
    },
    {
      "id": "observation-south-jersey-gas-equity-authorized-2022",
      "proceeding_id": "case-nj-bpu-gr22040253",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 54,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity share of capitalization",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-12-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-south-jersey-gas-2022-authorized-economics"
    },
    {
      "id": "observation-south-jersey-gas-gr20030243-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-gr20030243",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 39500000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2020-09-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr20030243-order"
    },
    {
      "id": "observation-south-jersey-gas-gr20030243-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-gr20030243",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 75300000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2020-03-13",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr20030243-order"
    },
    {
      "id": "observation-south-jersey-gas-gr22040253-annual-revenue-change-authorized",
      "proceeding_id": "case-nj-bpu-gr22040253",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 25000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-12-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr22040253-order"
    },
    {
      "id": "observation-south-jersey-gas-gr22040253-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-gr22040253",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 73100000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-04-14",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr22040253-order"
    },
    {
      "id": "observation-south-jersey-gas-gr25110627-annual-revenue-change-requested",
      "proceeding_id": "case-nj-bpu-gr25110627",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 74710000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-11-26",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr25110627-first-suspension"
    },
    {
      "id": "observation-south-jersey-gas-gr25110627-return-on-equity-requested",
      "proceeding_id": "case-nj-bpu-gr25110627",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 10,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-11-26",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-nj-bpu-gr25110627-first-suspension"
    },
    {
      "id": "observation-south-jersey-gas-rate-base-authorized-2022",
      "proceeding_id": "case-nj-bpu-gr22040253",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 2394117000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized base-rate rate base",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-12-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-south-jersey-gas-2022-authorized-economics"
    },
    {
      "id": "observation-south-jersey-gas-roe-authorized-2022",
      "proceeding_id": "case-nj-bpu-gr22040253",
      "utility_jurisdiction_id": "jurisdiction-south-jersey-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9.6,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on common equity",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2022-12-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-south-jersey-gas-2022-authorized-economics"
    },
    {
      "id": "observation-southwest-gas-arizona-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-southwest-gas-arizona-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Arizona launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-southwest-gas-arizona-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-southwest-gas-arizona-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Arizona launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-southwest-gas-arizona-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-southwest-gas-arizona-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Arizona launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-southwestern-virginia-gas-pur-2022-00196-equity-ratio-authorized",
      "proceeding_id": "case-southwestern-virginia-gas-pur-2022-00196",
      "utility_jurisdiction_id": "jurisdiction-southwestern-virginia-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 48.292,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Southwestern Virginia Gas authorized common-equity weight in total capitalization under the approved stipulation.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-04-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-southwestern-virginia-gas-pur-2022-00196-capital-terms"
    },
    {
      "id": "observation-southwestern-virginia-gas-pur-2022-00196-rate-base-authorized-missing",
      "proceeding_id": "case-southwestern-virginia-gas-pur-2022-00196",
      "utility_jurisdiction_id": "jurisdiction-southwestern-virginia-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The approved Southwestern Virginia Gas settlement does not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-04-01",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-southwestern-virginia-gas-pur-2022-00196-rate-base-missing"
    },
    {
      "id": "observation-southwestern-virginia-gas-pur-2022-00196-roe-authorized",
      "proceeding_id": "case-southwestern-virginia-gas-pur-2022-00196",
      "utility_jurisdiction_id": "jurisdiction-southwestern-virginia-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 9.9,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Southwestern Virginia Gas authorized return on common equity under the approved stipulation.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-04-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-southwestern-virginia-gas-pur-2022-00196-capital-terms"
    },
    {
      "id": "observation-sps-texas-equity-authorized-2024-order",
      "proceeding_id": "case-sps-texas-54634",
      "utility_jurisdiction_id": "jurisdiction-sps-texas-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 54.51,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized only for AFUDC, PUCT proceedings requiring a stated WACC, and the specified Hale and Sagamore wind-project calculation",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-04-11",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-sps-texas-54634-authorized-capital-return"
    },
    {
      "id": "observation-sps-texas-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-sps-texas-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 9100000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "SPS company-estimated total rate base across Texas and New Mexico operations.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-sps-2025-form-10k-rate-base"
    },
    {
      "id": "observation-sps-texas-roe-authorized-2024-order",
      "proceeding_id": "case-sps-texas-54634",
      "utility_jurisdiction_id": "jurisdiction-sps-texas-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 9.55,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized only for AFUDC, PUCT proceedings requiring a stated WACC, and the specified Hale and Sagamore wind-project calculation",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-04-11",
      "missing_reason": null,
      "supersedes_observation_id": "observation-sps-texas-roe-2024-04-11",
      "citation_id": "source-sps-texas-54634-authorized-capital-return"
    },
    {
      "id": "observation-superior-water-light-power-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-superior-water-light-power-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-superior-water-light-power-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-superior-water-light-power-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-superior-water-light-power-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-superior-water-light-power-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-superior-water-light-power-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-superior-water-light-power-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-superior-water-light-power-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-superior-water-light-power-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-superior-water-light-power-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-superior-water-light-power-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-swepco-louisiana-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-swepco-louisiana-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-swepco-louisiana-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-swepco-louisiana-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-swepco-louisiana-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-swepco-louisiana-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-la-lpsc",
      "party_name": "Louisiana Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Louisiana launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-la-utilities"
    },
    {
      "id": "observation-swepco-texas-equity-2026-03-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-swepco-texas-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 49.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "SWEPCO Texas retail authorized capital structure; 50.6% debt and 49.4% equity.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-swepco-texas-2026-rate-base-roe"
    },
    {
      "id": "observation-swepco-texas-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-swepco-texas-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 10500000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "SWEPCO total-company rate-base proxy across Arkansas, Louisiana, Texas, and FERC wholesale operations.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-swepco-texas-2026-rate-base-roe"
    },
    {
      "id": "observation-swepco-texas-roe-2026-03-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-swepco-texas-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 9.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "SWEPCO Texas retail authorized return on equity.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-aep-swepco-texas-2026-rate-base-roe"
    },
    {
      "id": "observation-t-and-l-gas-os-23-00012594-equity-ratio-authorized",
      "proceeding_id": "case-t-and-l-gas-os-23-00012594",
      "utility_jurisdiction_id": "jurisdiction-t-and-l-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 55,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "T & L Gas authorized common-equity weight in total capitalization under the OS-23-00012594 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-09-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-t-and-l-gas-os-23-00012594-capital-terms"
    },
    {
      "id": "observation-t-and-l-gas-os-23-00012594-rate-base-authorized-missing",
      "proceeding_id": "case-t-and-l-gas-os-23-00012594",
      "utility_jurisdiction_id": "jurisdiction-t-and-l-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The approved T & L Gas settlement does not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-09-16",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-t-and-l-gas-os-23-00012594-rate-base-missing"
    },
    {
      "id": "observation-t-and-l-gas-os-23-00012594-roe-authorized",
      "proceeding_id": "case-t-and-l-gas-os-23-00012594",
      "utility_jurisdiction_id": "jurisdiction-t-and-l-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 9.5,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "T & L Gas authorized return on common equity under the OS-23-00012594 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-09-16",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-t-and-l-gas-os-23-00012594-capital-terms"
    },
    {
      "id": "observation-tep-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-tep-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Arizona launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-tep-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-tep-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Arizona launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-tep-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-tep-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Arizona launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-texas-gas-service-equity-2026-03-02",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-texas-gas-service-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 59.92,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Consolidated Texas Gas Service statewide common-equity ratio.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-one-gas-2026-investor-update"
    },
    {
      "id": "observation-texas-gas-service-rate-base-2025-11-30",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-texas-gas-service-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 1895000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Texas Gas Service authorized rate base after 2025 regulatory updates.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-one-gas-2026-investor-update"
    },
    {
      "id": "observation-texas-gas-service-roe-2026-03-02",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-texas-gas-service-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 9.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Consolidated Texas Gas Service statewide rates approved in 2026.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-03-02",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-one-gas-2026-investor-update"
    },
    {
      "id": "observation-tnmp-58964-equity-settlement-period-reconciled",
      "proceeding_id": "case-tnmp-58964",
      "utility_jurisdiction_id": "jurisdiction-tnmp-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "settlement",
      "party_id": "utility-tnmp",
      "party_name": "Texas-New Mexico Power Company",
      "period": {
        "id": "period-tnmp-58964-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended June 30, 2025",
        "year": 2025,
        "start_date": "2024-07-01",
        "end_date": "2025-06-30"
      },
      "numeric_value": 45,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Pending settlement term continuing TNMP's currently authorized equity ratio.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-29",
      "missing_reason": null,
      "supersedes_observation_id": "observation-tnmp-58964-equity-settlement",
      "citation_id": "citation-tnmp-58964-settlement-economics"
    },
    {
      "id": "observation-tnmp-58964-rate-base-requested",
      "proceeding_id": "case-tnmp-58964",
      "utility_jurisdiction_id": "jurisdiction-tnmp-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-tnmp",
      "party_name": "Texas-New Mexico Power Company",
      "period": {
        "id": "period-tnmp-58964-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended June 30, 2025",
        "year": 2025,
        "start_date": "2024-07-01",
        "end_date": "2025-06-30"
      },
      "numeric_value": 2800000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "TNMP filed rate base as of June 30, 2025, rounded in the SEC-filed settlement release.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-06-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-tnmp-58964-settlement-economics"
    },
    {
      "id": "observation-tnmp-58964-rate-base-settlement",
      "proceeding_id": "case-tnmp-58964",
      "utility_jurisdiction_id": "jurisdiction-tnmp-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "settlement",
      "party_id": "utility-tnmp",
      "party_name": "Texas-New Mexico Power Company",
      "period": {
        "id": "period-tnmp-58964-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended June 30, 2025",
        "year": 2025,
        "start_date": "2024-07-01",
        "end_date": "2025-06-30"
      },
      "numeric_value": 2800000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Filed June 30, 2025 rate base supported by the pending comprehensive settlement, rounded in the SEC-filed release.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-29",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-tnmp-58964-settlement-economics"
    },
    {
      "id": "observation-tnmp-58964-roe-settlement-period-reconciled",
      "proceeding_id": "case-tnmp-58964",
      "utility_jurisdiction_id": "jurisdiction-tnmp-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "settlement",
      "party_id": "utility-tnmp",
      "party_name": "Texas-New Mexico Power Company",
      "period": {
        "id": "period-tnmp-58964-test-year",
        "period_type": "historical_test_year",
        "label": "Historical test year ended June 30, 2025",
        "year": 2025,
        "start_date": "2024-07-01",
        "end_date": "2025-06-30"
      },
      "numeric_value": 9.65,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Pending settlement term continuing TNMP's currently authorized ROE.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-29",
      "missing_reason": null,
      "supersedes_observation_id": "observation-tnmp-58964-roe-settlement",
      "citation_id": "citation-tnmp-58964-settlement-economics"
    },
    {
      "id": "observation-tnmp-equity-2025-05-15",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-tnmp-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 45,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "TNMP authorized capital structure used in the approved 2025 distribution cost recovery filing.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-05-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-txnm-2025-tnmp-rate-approval"
    },
    {
      "id": "observation-tnmp-roe-2025-05-15",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-tnmp-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-puct",
      "party_name": "Public Utility Commission of Texas",
      "period": null,
      "numeric_value": 9.65,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "TNMP authorized return on equity used in the approved 2025 distribution cost recovery filing.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-05-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-txnm-2025-tnmp-rate-approval"
    },
    {
      "id": "observation-toledo-edison-equity-2025-11-19",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-toledo-edison-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 51.2,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PUCO-authorized hypothetical Ohio Companies distribution capital structure.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-form-10k-toledo"
    },
    {
      "id": "observation-toledo-edison-rate-base-2025-12-31",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-toledo-edison-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "disclosed_actual",
      "party_id": null,
      "party_name": null,
      "period": null,
      "numeric_value": 500000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Toledo Edison distribution rate base at year-end 2025.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-form-10k-toledo"
    },
    {
      "id": "observation-toledo-edison-roe-2025-11-19",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-toledo-edison-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-oh-puco",
      "party_name": "Public Utilities Commission of Ohio",
      "period": null,
      "numeric_value": 9.63,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "PUCO-authorized Ohio Companies distribution ROE.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-11-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-2025-form-10k-toledo"
    },
    {
      "id": "observation-ugi-electric-dsic-roe-2026",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "mechanism_authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 10.05,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Commission-approved ROE for UGI Electric's Distribution System Improvement Charge",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-electric-dsic-roe-2026"
    },
    {
      "id": "observation-ugi-electric-equity-authorized-missing-2023",
      "proceeding_id": "case-pa-puc-r-2022-3037368",
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized base-rate common-equity ratio; no standalone value adopted in the black-box settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2023-09-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-electric-2023-black-box-economics"
    },
    {
      "id": "observation-ugi-electric-equity-request-2026",
      "proceeding_id": "case-pa-puc-r-2025-3059430",
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-ugi-electric",
      "party_name": "UGI Utilities, Inc. — Electric Division",
      "period": {
        "id": "period-ugi-electric-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future period ending September 30, 2027",
        "year": 2027,
        "start_date": "2026-10-01",
        "end_date": "2027-09-30"
      },
      "numeric_value": 54.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested common-equity share of capitalization",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-electric-2026-requested-capital-structure"
    },
    {
      "id": "observation-ugi-electric-r-2021-3023618-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2021-3023618",
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 6000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-10-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-r-2021-3023618-sec"
    },
    {
      "id": "observation-ugi-electric-r-2021-3023618-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2021-3023618",
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 8700000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2021-02-08",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-r-2021-3023618-history"
    },
    {
      "id": "observation-ugi-electric-r-2022-3037368-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2022-3037368",
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 9000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2023-09-21",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-r-2022-3037368-sec"
    },
    {
      "id": "observation-ugi-electric-r-2022-3037368-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2022-3037368",
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 11400000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2023-01-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-r-2022-3037368-history"
    },
    {
      "id": "observation-ugi-electric-rate-base-request-2027",
      "proceeding_id": "case-pa-puc-r-2025-3059430",
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-ugi-electric",
      "party_name": "UGI Utilities, Inc. — Electric Division",
      "period": {
        "id": "period-ugi-electric-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future period ending September 30, 2027",
        "year": 2027,
        "start_date": "2026-10-01",
        "end_date": "2027-09-30"
      },
      "numeric_value": 239228000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Fully projected future-period rate base at present rates",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2027-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-electric-2026-requested-rate-base"
    },
    {
      "id": "observation-ugi-electric-residential-impact-request",
      "proceeding_id": "case-pa-puc-r-2025-3059430",
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "utility_request",
      "party_id": "utility-ugi-electric",
      "party_name": "UGI Utilities, Inc. — Electric Division",
      "period": null,
      "numeric_value": 12.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "residential customer using 1,000 kWh per month",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-electric-statement"
    },
    {
      "id": "observation-ugi-electric-revenue-percent-request",
      "proceeding_id": "case-pa-puc-r-2025-3059430",
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "utility-ugi-electric",
      "party_name": "UGI Utilities, Inc. — Electric Division",
      "period": null,
      "numeric_value": 11.89,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "annual jurisdictional revenues",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-03-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-electric-statement"
    },
    {
      "id": "observation-ugi-electric-revenue-request",
      "proceeding_id": "case-pa-puc-r-2025-3059430",
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-ugi-electric",
      "party_name": "UGI Utilities, Inc. — Electric Division",
      "period": null,
      "numeric_value": 17283000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "electric distribution base rates",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-03-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-electric-statement"
    },
    {
      "id": "observation-ugi-electric-roe-request-2026",
      "proceeding_id": "case-pa-puc-r-2025-3059430",
      "utility_jurisdiction_id": "jurisdiction-ugi-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-ugi-electric",
      "party_name": "UGI Utilities, Inc. — Electric Division",
      "period": {
        "id": "period-ugi-electric-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future period ending September 30, 2027",
        "year": 2027,
        "start_date": "2026-10-01",
        "end_date": "2027-09-30"
      },
      "numeric_value": 10.85,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested return on common equity",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-03-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-electric-2026-requested-capital-structure"
    },
    {
      "id": "observation-ugi-gas-2025-bill-impact-authorized",
      "proceeding_id": "case-pa-puc-r-2024-3052716",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": {
        "id": "period-ugi-gas-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2026",
        "year": 2026,
        "start_date": "2025-10-01",
        "end_date": "2026-09-30"
      },
      "numeric_value": 6.7,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Average residential heating customer using 72.9 ccf; $103.57 to $110.51.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "calculated",
      "as_of_date": "2025-09-11",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ugi-gas-2025-settlement-bill-impact"
    },
    {
      "id": "observation-ugi-gas-2025-common_equity_ratio-request",
      "proceeding_id": "case-pa-puc-r-2024-3052716",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-ugi-gas",
      "party_name": "UGI Utilities, Inc. — Gas Division",
      "period": {
        "id": "period-ugi-gas-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2026",
        "year": 2026,
        "start_date": "2025-10-01",
        "end_date": "2026-09-30"
      },
      "numeric_value": 54.11,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested common-equity share of ratemaking capital.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ugi-gas-2025-requested-return"
    },
    {
      "id": "observation-ugi-gas-2025-overall_rate_of_return-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2024-3052716",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": {
        "id": "period-ugi-gas-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2026",
        "year": 2026,
        "start_date": "2025-10-01",
        "end_date": "2026-09-30"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized overall rate of return under the approved black-box settlement.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-09-11",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-2025-black-box-economics"
    },
    {
      "id": "observation-ugi-gas-2025-overall_rate_of_return-request",
      "proceeding_id": "case-pa-puc-r-2024-3052716",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-ugi-gas",
      "party_name": "UGI Utilities, Inc. — Gas Division",
      "period": {
        "id": "period-ugi-gas-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2026",
        "year": 2026,
        "start_date": "2025-10-01",
        "end_date": "2026-09-30"
      },
      "numeric_value": 8.42,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested weighted overall rate of return.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ugi-gas-2025-requested-return"
    },
    {
      "id": "observation-ugi-gas-2025-rate_base-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2024-3052716",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": {
        "id": "period-ugi-gas-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2026",
        "year": 2026,
        "start_date": "2025-10-01",
        "end_date": "2026-09-30"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized rate base under the approved black-box settlement.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-09-11",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-2025-black-box-economics"
    },
    {
      "id": "observation-ugi-gas-2025-rate_base-request",
      "proceeding_id": "case-pa-puc-r-2024-3052716",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-ugi-gas",
      "party_name": "UGI Utilities, Inc. — Gas Division",
      "period": {
        "id": "period-ugi-gas-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2026",
        "year": 2026,
        "start_date": "2025-10-01",
        "end_date": "2026-09-30"
      },
      "numeric_value": 4003493000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Requested FPFTY rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ugi-gas-2025-requested-rate-base"
    },
    {
      "id": "observation-ugi-gas-2025-return_on_equity-authorized-missing",
      "proceeding_id": "case-pa-puc-r-2024-3052716",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": {
        "id": "period-ugi-gas-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2026",
        "year": 2026,
        "start_date": "2025-10-01",
        "end_date": "2026-09-30"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on equity under the approved black-box settlement.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-09-11",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-2025-black-box-economics"
    },
    {
      "id": "observation-ugi-gas-2025-return_on_equity-request",
      "proceeding_id": "case-pa-puc-r-2024-3052716",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-ugi-gas",
      "party_name": "UGI Utilities, Inc. — Gas Division",
      "period": {
        "id": "period-ugi-gas-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2026",
        "year": 2026,
        "start_date": "2025-10-01",
        "end_date": "2026-09-30"
      },
      "numeric_value": 11.2,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested return on common equity.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ugi-gas-2025-request-overview"
    },
    {
      "id": "observation-ugi-gas-2025-revenue-authorized-precise",
      "proceeding_id": "case-pa-puc-r-2024-3052716",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": {
        "id": "period-ugi-gas-2025-fpfty",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending September 30, 2026",
        "year": 2026,
        "start_date": "2025-10-01",
        "end_date": "2026-09-30"
      },
      "numeric_value": 69500000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Approved annual distribution operating-revenue increase.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-09-11",
      "missing_reason": null,
      "supersedes_observation_id": "observation-ugi-gas-r-2024-3052716-annual-revenue-change-authorized",
      "citation_id": "source-ugi-gas-2025-final-order"
    },
    {
      "id": "observation-ugi-gas-2026-bill-impact-settlement",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "settlement",
      "party_id": "parties-ugi-gas-settlement",
      "party_name": "parties-ugi-gas-settlement",
      "period": {
        "id": "period-ugi-gas-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future period ending September 30, 2027",
        "year": 2027,
        "start_date": "2026-10-01",
        "end_date": "2027-09-30"
      },
      "numeric_value": 5.7,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Average residential heating total bill across both settlement steps; $113.76 currently, $117.69 after step one, and $120.21 after step two.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-06",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-ugi-gas-2026-settlement-bill-impact"
    },
    {
      "id": "observation-ugi-gas-dsic-roe-2026",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "mechanism_authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 10.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Commission-approved ROE for UGI Gas's Distribution System Improvement Charge",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-06-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-dsic-roe-2026"
    },
    {
      "id": "observation-ugi-gas-equity-authorized-missing-2025",
      "proceeding_id": "case-pa-puc-r-2024-3052716",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized base-rate common-equity ratio; no standalone value adopted in the black-box settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-09-11",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-2025-black-box-economics"
    },
    {
      "id": "observation-ugi-gas-equity-request",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-ugi-gas",
      "party_name": "UGI Utilities, Inc. — Gas Division",
      "period": null,
      "numeric_value": 54.25,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "proposed ratemaking capital structure",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-01-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-settlement-capital"
    },
    {
      "id": "observation-ugi-gas-equity-settlement-missing",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "settlement",
      "party_id": "parties-ugi-gas-settlement",
      "party_name": "parties-ugi-gas-settlement",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "proposed settlement ratemaking capital structure",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-09",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-settlement-black-box"
    },
    {
      "id": "observation-ugi-gas-r-2019-3015162-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2019-3015162",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 20000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2020-10-08",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-r-2019-3015162-sec"
    },
    {
      "id": "observation-ugi-gas-r-2019-3015162-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2019-3015162",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 74600000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2020-01-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-r-2019-3015162-history"
    },
    {
      "id": "observation-ugi-gas-r-2021-3030218-annual-revenue-change-authorized",
      "proceeding_id": "case-pa-puc-r-2021-3030218",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": 49000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-09-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-r-2021-3030218-sec"
    },
    {
      "id": "observation-ugi-gas-r-2021-3030218-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2021-3030218",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 82700000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2022-01-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-r-2021-3030218-history"
    },
    {
      "id": "observation-ugi-gas-r-2024-3052716-annual-revenue-change-requested",
      "proceeding_id": "case-pa-puc-r-2024-3052716",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "party-utility",
      "party_name": "party-utility",
      "period": null,
      "numeric_value": 110395000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Legacy approved observation retained during the v0.2 migration; source-level scope was not expanded.",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-01-27",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-r-2024-3052716-history"
    },
    {
      "id": "observation-ugi-gas-rate-base-request-2027",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-ugi-gas",
      "party_name": "UGI Utilities, Inc. — Gas Division",
      "period": {
        "id": "period-ugi-gas-fpfty-2027",
        "period_type": "future_test_year",
        "label": "Fully projected future period ending September 30, 2027",
        "year": 2027,
        "start_date": "2026-10-01",
        "end_date": "2027-09-30"
      },
      "numeric_value": 4319352000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Fully projected future-period total rate base",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2027-09-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-2026-requested-rate-base"
    },
    {
      "id": "observation-ugi-gas-revenue-oca-updated",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "consumer_advocate",
      "party_id": "party-pa-oca",
      "party_name": "party-pa-oca",
      "period": null,
      "numeric_value": -15400000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "OCA updated revenue recommendation; decrease",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-06-05",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-settlement-positions"
    },
    {
      "id": "observation-ugi-gas-revenue-rejoinder",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_rejoinder",
      "party_id": "utility-ugi-gas",
      "party_name": "UGI Utilities, Inc. — Gas Division",
      "period": null,
      "numeric_value": 91438000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "revised natural-gas distribution base-rate claim",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-06-19",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-settlement-positions"
    },
    {
      "id": "observation-ugi-gas-revenue-request",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-ugi-gas",
      "party_name": "UGI Utilities, Inc. — Gas Division",
      "period": null,
      "numeric_value": 99368000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "natural-gas distribution base rates",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-01-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-settlement-positions"
    },
    {
      "id": "observation-ugi-gas-revenue-settlement",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "settlement",
      "party_id": "parties-ugi-gas-settlement",
      "party_name": "parties-ugi-gas-settlement",
      "period": null,
      "numeric_value": 65000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "proposed two-step distribution base-rate settlement",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-07-09",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-settlement-terms"
    },
    {
      "id": "observation-ugi-gas-revenue-staff-initial",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "staff",
      "party_id": "party-pa-puc-ie",
      "party_name": "party-pa-puc-ie",
      "period": null,
      "numeric_value": 53385000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "I&E initial revenue recommendation",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-05-08",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-settlement-positions"
    },
    {
      "id": "observation-ugi-gas-revenue-staff-updated",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "staff",
      "party_id": "party-pa-puc-ie",
      "party_name": "party-pa-puc-ie",
      "period": null,
      "numeric_value": 56706000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "I&E updated surrebuttal recommendation",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-06-05",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-settlement-positions"
    },
    {
      "id": "observation-ugi-gas-roe-oca",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "consumer_advocate",
      "party_id": "party-pa-oca",
      "party_name": "party-pa-oca",
      "period": null,
      "numeric_value": 8.8,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "OCA direct-testimony recommendation",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-08",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-settlement-positions"
    },
    {
      "id": "observation-ugi-gas-roe-request",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-ugi-gas",
      "party_name": "UGI Utilities, Inc. — Gas Division",
      "period": null,
      "numeric_value": 10.75,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "proposed common-equity return",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-01-28",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-settlement-positions"
    },
    {
      "id": "observation-ugi-gas-roe-settlement-missing",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "settlement",
      "party_id": "parties-ugi-gas-settlement",
      "party_name": "parties-ugi-gas-settlement",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "proposed settlement return on equity",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-09",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-settlement-black-box"
    },
    {
      "id": "observation-ugi-gas-roe-staff",
      "proceeding_id": "case-pa-puc-r-2025-3059523",
      "utility_jurisdiction_id": "jurisdiction-ugi-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "staff",
      "party_id": "party-pa-puc-ie",
      "party_name": "party-pa-puc-ie",
      "period": null,
      "numeric_value": 9.81,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "I&E direct-testimony recommendation",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-08",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-ugi-gas-settlement-positions"
    },
    {
      "id": "observation-umerc-u-21541-equity-ratio-authorized",
      "proceeding_id": "case-umerc-u-21541",
      "utility_jurisdiction_id": "jurisdiction-umerc-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 50,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "UMERC authorized average common-equity component under the U-21541 settlement order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-umerc-u-21541-current-economics"
    },
    {
      "id": "observation-umerc-u-21541-rate-base-authorized-missing",
      "proceeding_id": "case-umerc-u-21541",
      "utility_jurisdiction_id": "jurisdiction-umerc-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed WEC post-order disclosure does not publish UMERC's total authorized electric rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-01",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-umerc-u-21541-current-economics"
    },
    {
      "id": "observation-umerc-u-21541-roe-authorized",
      "proceeding_id": "case-umerc-u-21541",
      "utility_jurisdiction_id": "jurisdiction-umerc-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": null,
      "numeric_value": 9.86,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "UMERC authorized electric return on equity under the U-21541 settlement order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-01-01",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-umerc-u-21541-current-economics"
    },
    {
      "id": "observation-uns-electric-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-uns-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Arizona launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-uns-electric-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-uns-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Arizona launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-uns-electric-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-uns-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Arizona launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-uns-gas-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-uns-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Arizona launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-uns-gas-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-uns-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Arizona launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-uns-gas-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-uns-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-az-acc",
      "party_name": "Arizona Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Arizona launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-az-utilities"
    },
    {
      "id": "observation-uppco-u21555-equity-authorized",
      "proceeding_id": "case-uppco-u-21555",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": {
        "id": "period-uppco-u21555-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 50,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "MPSC-authorized common-equity share of ratemaking capital structure.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-09-26",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-uppco-u22032-summary-page-2"
    },
    {
      "id": "observation-uppco-u21555-rate-base-authorized",
      "proceeding_id": "case-uppco-u-21555",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": {
        "id": "period-uppco-u21555-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 372100000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "MPSC-authorized Michigan-jurisdictional electric rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-09-26",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-uppco-u22032-summary-page-2"
    },
    {
      "id": "observation-uppco-u21555-revenue-authorized",
      "proceeding_id": "case-uppco-u-21555",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": {
        "id": "period-uppco-u21555-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 9000000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "MPSC-authorized annual Michigan-jurisdictional electric rate relief.",
      "gross_or_net": "net",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2024-09-26",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-uppco-u22032-summary-page-2"
    },
    {
      "id": "observation-uppco-u21555-revenue-request",
      "proceeding_id": "case-uppco-u-21555",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-uppco",
      "party_name": "Upper Peninsula Power Company",
      "period": {
        "id": "period-uppco-u21555-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 16900000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested annual Michigan-jurisdictional electric rate relief.",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": null,
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-uppco-u22032-summary-page-2"
    },
    {
      "id": "observation-uppco-u21555-roe-authorized",
      "proceeding_id": "case-uppco-u-21555",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-mi-mpsc",
      "party_name": "Michigan Public Service Commission",
      "period": {
        "id": "period-uppco-u21555-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 9.86,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "MPSC-authorized return on common equity.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-09-26",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-uppco-u22032-summary-page-2"
    },
    {
      "id": "observation-uppco-u22032-rate-base-request",
      "proceeding_id": "case-uppco-u-22032",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-uppco",
      "party_name": "Upper Peninsula Power Company",
      "period": {
        "id": "period-uppco-u22032-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended December 31, 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 403600000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "UPPCO's requested Michigan-jurisdictional electric rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-uppco-u22032-summary-page-4"
    },
    {
      "id": "observation-uppco-u22032-revenue-request",
      "proceeding_id": "case-uppco-u-22032",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-uppco",
      "party_name": "Upper Peninsula Power Company",
      "period": {
        "id": "period-uppco-u22032-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended December 31, 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 17300000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested annual Michigan-jurisdictional electric rate relief, rounded in the summary narrative.",
      "gross_or_net": "gross",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-05-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-uppco-u22032-summary-page-3"
    },
    {
      "id": "observation-uppco-u22032-roe-request",
      "proceeding_id": "case-uppco-u-22032",
      "utility_jurisdiction_id": "jurisdiction-uppco-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-uppco",
      "party_name": "Upper Peninsula Power Company",
      "period": {
        "id": "period-uppco-u22032-projected-test-year",
        "period_type": "future_test_year",
        "label": "Projected test year ended December 31, 2027",
        "year": 2027,
        "start_date": "2027-01-01",
        "end_date": "2027-12-31"
      },
      "numeric_value": 10.55,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "UPPCO's requested return on common equity.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-05-18",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-uppco-u22032-summary-page-3"
    },
    {
      "id": "observation-valley-annual_revenue_change-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054393",
      "utility_jurisdiction_id": "jurisdiction-valley-energy-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-valley-energy-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 1105000,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Commission-authorized annual base-rate revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-valley-2026-outcome"
    },
    {
      "id": "observation-valley-annual_revenue_change-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054393",
      "utility_jurisdiction_id": "jurisdiction-valley-energy-gas",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-valley-energy",
      "party_name": "Valley Energy, Inc.",
      "period": {
        "id": "period-valley-energy-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 1626099,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested annual base-rate revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-valley-2025-request"
    },
    {
      "id": "observation-valley-common_equity_ratio-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054393",
      "utility_jurisdiction_id": "jurisdiction-valley-energy-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-valley-energy-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity ratio was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-valley-2026-components"
    },
    {
      "id": "observation-valley-common_equity_ratio-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054393",
      "utility_jurisdiction_id": "jurisdiction-valley-energy-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-valley-energy",
      "party_name": "Valley Energy, Inc.",
      "period": {
        "id": "period-valley-energy-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 48.94,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested ratemaking common-equity ratio",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-valley-2025-capital"
    },
    {
      "id": "observation-valley-overall_rate_of_return-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054393",
      "utility_jurisdiction_id": "jurisdiction-valley-energy-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-valley-energy-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized overall rate of return was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-valley-2026-components"
    },
    {
      "id": "observation-valley-overall_rate_of_return-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054393",
      "utility_jurisdiction_id": "jurisdiction-valley-energy-gas",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-valley-energy",
      "party_name": "Valley Energy, Inc.",
      "period": {
        "id": "period-valley-energy-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 8.27,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested overall rate of return",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-valley-2025-request"
    },
    {
      "id": "observation-valley-rate_base-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054393",
      "utility_jurisdiction_id": "jurisdiction-valley-energy-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-valley-energy-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized rate base was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-valley-2026-components"
    },
    {
      "id": "observation-valley-rate_base-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054393",
      "utility_jurisdiction_id": "jurisdiction-valley-energy-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-valley-energy",
      "party_name": "Valley Energy, Inc.",
      "period": {
        "id": "period-valley-energy-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 25187466,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Requested future-test-year rate base",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-valley-2025-request"
    },
    {
      "id": "observation-valley-residential_monthly_bill_impact-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054393",
      "utility_jurisdiction_id": "jurisdiction-valley-energy-gas",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-valley-energy-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Authorized residential monthly bill impact was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-valley-2026-components"
    },
    {
      "id": "observation-valley-return_on_equity-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054393",
      "utility_jurisdiction_id": "jurisdiction-valley-energy-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-valley-energy-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on equity was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-valley-2026-components"
    },
    {
      "id": "observation-valley-return_on_equity-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054393",
      "utility_jurisdiction_id": "jurisdiction-valley-energy-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-valley-energy",
      "party_name": "Valley Energy, Inc.",
      "period": {
        "id": "period-valley-energy-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 11.65,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested return on common equity",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-valley-2025-capital"
    },
    {
      "id": "observation-virginia-natural-gas-equity-2025-12-17",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-virginia-natural-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 49.35,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Virginia Natural Gas base distribution authorized equity component in Case PUR-2024-00048.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-southern-company-2025-form-10k-vng"
    },
    {
      "id": "observation-virginia-natural-gas-roe-2025-12-17",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-virginia-natural-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 9.85,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Virginia Natural Gas base distribution rates approved in Case PUR-2024-00048.",
      "gross_or_net": null,
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-12-17",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "source-southern-company-2025-form-10k-vng"
    },
    {
      "id": "observation-vng-pur-2024-00048-rate-base-requested",
      "proceeding_id": "case-virginia-natural-gas-pur-2024-00048",
      "utility_jurisdiction_id": "jurisdiction-virginia-natural-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-virginia-natural-gas",
      "party_name": "Virginia Natural Gas, Inc.",
      "period": {
        "id": "period-vng-pur-2024-00048-rate-year",
        "period_type": "rate_year",
        "label": "Rate year ended December 31, 2025",
        "year": 2025,
        "start_date": "2025-01-01",
        "end_date": "2025-12-31"
      },
      "numeric_value": 1462494638,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Virginia-jurisdictional total rate base after VNG's proposed rate-year adjustments.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-12-31",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-vng-pur-2024-00048-requested-rate-base"
    },
    {
      "id": "observation-washington-gas-virginia-pur-2018-00080-equity-ratio-authorized",
      "proceeding_id": "case-washington-gas-virginia-pur-2018-00080",
      "utility_jurisdiction_id": "jurisdiction-washington-gas-virginia-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 53.48,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Washington Gas updated five-quarter-average common-equity ratio adopted in PUR-2018-00080.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2019-12-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-washington-gas-virginia-pur-2018-00080-capital-structure"
    },
    {
      "id": "observation-washington-gas-virginia-pur-2018-00080-rate-base-missing",
      "proceeding_id": "case-washington-gas-virginia-pur-2018-00080",
      "utility_jurisdiction_id": "jurisdiction-washington-gas-virginia-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The final order does not publish total authorized Virginia rate base; $101.9 million is identified only as SAVE investment incorporated into base rates.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2019-12-20",
      "missing_reason": "not_specified",
      "supersedes_observation_id": null,
      "citation_id": "citation-washington-gas-virginia-pur-2018-00080-final-order"
    },
    {
      "id": "observation-washington-gas-virginia-pur-2018-00080-roe-authorized",
      "proceeding_id": "case-washington-gas-virginia-pur-2018-00080",
      "utility_jurisdiction_id": "jurisdiction-washington-gas-virginia-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-va-scc",
      "party_name": "Virginia State Corporation Commission",
      "period": null,
      "numeric_value": 9.2,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Washington Gas Virginia authorized return on common equity in PUR-2018-00080.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2019-12-20",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-washington-gas-virginia-pur-2018-00080-final-order"
    },
    {
      "id": "observation-wellsboro-annual_revenue_change-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054392",
      "utility_jurisdiction_id": "jurisdiction-wellsboro-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-wellsboro-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 2500100,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Commission-authorized annual base-rate revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-wellsboro-2026-outcome"
    },
    {
      "id": "observation-wellsboro-annual_revenue_change-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054392",
      "utility_jurisdiction_id": "jurisdiction-wellsboro-electric-electric",
      "metric_key": "annual_revenue_change",
      "metric_label": "Annual revenue change",
      "stage": "utility_request",
      "party_id": "utility-wellsboro-electric",
      "party_name": "Wellsboro Electric Company",
      "period": {
        "id": "period-wellsboro-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 2899388,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_year",
      "scope": "Requested annual base-rate revenue increase",
      "gross_or_net": "not_applicable",
      "annualization": "annualized",
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-wellsboro-2025-request"
    },
    {
      "id": "observation-wellsboro-common_equity_ratio-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054392",
      "utility_jurisdiction_id": "jurisdiction-wellsboro-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-wellsboro-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity ratio was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-wellsboro-2026-black-box"
    },
    {
      "id": "observation-wellsboro-common_equity_ratio-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054392",
      "utility_jurisdiction_id": "jurisdiction-wellsboro-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "utility_request",
      "party_id": "utility-wellsboro-electric",
      "party_name": "Wellsboro Electric Company",
      "period": {
        "id": "period-wellsboro-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 48.94,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested ratemaking common-equity ratio",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-wellsboro-2025-capital"
    },
    {
      "id": "observation-wellsboro-overall_rate_of_return-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054392",
      "utility_jurisdiction_id": "jurisdiction-wellsboro-electric-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-wellsboro-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized overall rate of return was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-wellsboro-2026-black-box"
    },
    {
      "id": "observation-wellsboro-overall_rate_of_return-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054392",
      "utility_jurisdiction_id": "jurisdiction-wellsboro-electric-electric",
      "metric_key": "overall_rate_of_return",
      "metric_label": "Overall rate of return",
      "stage": "utility_request",
      "party_id": "utility-wellsboro-electric",
      "party_name": "Wellsboro Electric Company",
      "period": {
        "id": "period-wellsboro-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 8.18,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested overall rate of return",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-wellsboro-2025-request"
    },
    {
      "id": "observation-wellsboro-rate_base-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054392",
      "utility_jurisdiction_id": "jurisdiction-wellsboro-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-wellsboro-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized rate base was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-wellsboro-2026-black-box"
    },
    {
      "id": "observation-wellsboro-rate_base-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054392",
      "utility_jurisdiction_id": "jurisdiction-wellsboro-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "utility_request",
      "party_id": "utility-wellsboro-electric",
      "party_name": "Wellsboro Electric Company",
      "period": {
        "id": "period-wellsboro-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 25857280,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Requested future-test-year rate base",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-wellsboro-2025-request"
    },
    {
      "id": "observation-wellsboro-residential_monthly_bill_impact-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054392",
      "utility_jurisdiction_id": "jurisdiction-wellsboro-electric-electric",
      "metric_key": "residential_monthly_bill_impact",
      "metric_label": "Residential monthly bill impact",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-wellsboro-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD_per_month",
      "scope": "Authorized residential monthly bill impact was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-wellsboro-2026-black-box"
    },
    {
      "id": "observation-wellsboro-return_on_equity-authorized",
      "proceeding_id": "case-pa-puc-r-2025-3054392",
      "utility_jurisdiction_id": "jurisdiction-wellsboro-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-pa-puc",
      "party_name": "Pennsylvania Public Utility Commission",
      "period": {
        "id": "period-wellsboro-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on equity was not specified in the approved outcome",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2026-01-15",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-wellsboro-2026-black-box"
    },
    {
      "id": "observation-wellsboro-return_on_equity-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054392",
      "utility_jurisdiction_id": "jurisdiction-wellsboro-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "utility_request",
      "party_id": "utility-wellsboro-electric",
      "party_name": "Wellsboro Electric Company",
      "period": {
        "id": "period-wellsboro-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 11.65,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested return on common equity",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-wellsboro-2025-capital"
    },
    {
      "id": "observation-wellsboro-revenue_change_percentage-utility_request",
      "proceeding_id": "case-pa-puc-r-2025-3054392",
      "utility_jurisdiction_id": "jurisdiction-wellsboro-electric-electric",
      "metric_key": "revenue_change_percentage",
      "metric_label": "Revenue change",
      "stage": "utility_request",
      "party_id": "utility-wellsboro-electric",
      "party_name": "Wellsboro Electric Company",
      "period": {
        "id": "period-wellsboro-electric-fpfty-2026",
        "period_type": "future_test_year",
        "label": "Fully projected future test year ending December 31, 2026",
        "year": 2026,
        "start_date": "2026-01-01",
        "end_date": "2026-12-31"
      },
      "numeric_value": 45.3,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Requested annual increase percentage",
      "gross_or_net": "not_applicable",
      "annualization": null,
      "derivation": "explicit",
      "as_of_date": "2025-04-30",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-wellsboro-2025-request"
    },
    {
      "id": "observation-west-penn-power-equity-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-west-penn-power-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized common-equity ratio for the West Penn Power rate district in the consolidated 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-west-penn-power-rate-base-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-west-penn-power-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "Authorized rate base for the West Penn Power rate district in the consolidated 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-west-penn-power-roe-not-specified-2024",
      "proceeding_id": "case-pa-puc-r-2024-3047068",
      "utility_jurisdiction_id": "jurisdiction-west-penn-power-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission",
      "party_name": "party-commission",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "Authorized return on common equity for the West Penn Power rate district in the consolidated 2024 FirstEnergy Pennsylvania base-rate settlement",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2024-11-21",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "source-firstenergy-pa-2024-black-box-capital"
    },
    {
      "id": "observation-west-texas-gas-os-24-00017816-equity-ratio-authorized",
      "proceeding_id": "case-west-texas-gas-os-24-00017816",
      "utility_jurisdiction_id": "jurisdiction-west-texas-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 59,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "West Texas Gas Utility authorized common-equity weight in total capitalization under the OS-24-00017816 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-02-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-west-texas-gas-os-24-00017816-capital-terms"
    },
    {
      "id": "observation-west-texas-gas-os-24-00017816-rate-base-authorized-missing",
      "proceeding_id": "case-west-texas-gas-os-24-00017816",
      "utility_jurisdiction_id": "jurisdiction-west-texas-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The approved West Texas Gas Utility settlement does not state total authorized rate base.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-02-23",
      "missing_reason": "not_specified_in_black_box_settlement",
      "supersedes_observation_id": null,
      "citation_id": "citation-west-texas-gas-os-24-00017816-rate-base-missing"
    },
    {
      "id": "observation-west-texas-gas-os-24-00017816-roe-authorized",
      "proceeding_id": "case-west-texas-gas-os-24-00017816",
      "utility_jurisdiction_id": "jurisdiction-west-texas-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "commission-tx-rrc",
      "party_name": "Railroad Commission of Texas",
      "period": null,
      "numeric_value": 9.4,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "West Texas Gas Utility authorized return on common equity under the OS-24-00017816 final order.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2025-02-23",
      "missing_reason": null,
      "supersedes_observation_id": null,
      "citation_id": "citation-west-texas-gas-os-24-00017816-capital-terms"
    },
    {
      "id": "observation-wisconsin-electric-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-electric-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-electric-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-electric-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-electric-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-electric-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-gas-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-gas-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-gas-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-gas-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-gas-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-gas-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-power-light-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-power-light-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-power-light-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-power-light-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-power-light-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-power-light-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-power-light-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-power-light-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-power-light-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-power-light-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-power-light-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-power-light-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-public-service-electric-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-public-service-electric",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized common equity ratio for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-public-service-electric-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-public-service-electric",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized rate base for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-public-service-electric-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-public-service-electric",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized return on equity for this electric jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-public-service-gas-common_equity_ratio-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-public-service-gas",
      "metric_key": "common_equity_ratio",
      "metric_label": "Common equity ratio",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized common equity ratio for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-public-service-gas-rate_base-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-public-service-gas",
      "metric_key": "rate_base",
      "metric_label": "Rate base",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "USD",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized rate base for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    },
    {
      "id": "observation-wisconsin-public-service-gas-return_on_equity-launch-missing",
      "proceeding_id": null,
      "utility_jurisdiction_id": "jurisdiction-wisconsin-public-service-gas",
      "metric_key": "return_on_equity",
      "metric_label": "Return on equity",
      "stage": "authorized",
      "party_id": "party-commission-wi-psc",
      "party_name": "Public Service Commission of Wisconsin",
      "period": null,
      "numeric_value": null,
      "text_value": null,
      "boolean_value": null,
      "unit": "percent",
      "scope": "The reviewed Wisconsin launch sources do not state a current authorized return on equity for this gas jurisdiction.",
      "gross_or_net": "not_applicable",
      "annualization": "not_applicable",
      "derivation": "explicit",
      "as_of_date": "2026-07-21",
      "missing_reason": "not_verified",
      "supersedes_observation_id": null,
      "citation_id": "citation-wi-utilities"
    }
  ]
}
