Resolution E-4168 and E-4157

1. Resolutions E-4168 and E-4157 Southern California Edison (SCE) requests approval of contracts with a new wind facility and a new solar photovoltaic facility

2. Resolution E-4168 and E-4157 • Granite Wind results from SCE’s 2006 RPS Solicitation and FSE Blythe results from SCE’s 2007 RPS Solicitation • Contract Price: • Granite Wind is at or below the 2006 MPR • FSE Blythe is at or below the 2007 MPR • Granite Wind is dependent on an extension of the federal production tax credit and FSE Blythe is dependent on an extension of the federal investment tax credit • Energy Division recommends approval of these PPAs without modifications

3. Resolution E-4157 • SCE sought CPUC approval and recovery in rates of all payments under the FSE Blythe Contract • These payments are outside of the energy price • According to SCE’s 2007 Pro Forma Renewable PPA, these payments can include: • CAISO charges • Costs associated with environmental attributes, capacity attributes, and resource adequacy benefits • Simple interest payments on items such as development fees and performance assurance • Resolution E-4157 approves these payments, but requires SCE to report these payments to the Commission