An important conference call is scheduled  for 12:30 p.m. (PST) on Sunday, 
Today, Jan 21 to discuss the status of  legislative meetings on QF/SRAC 
matters.? 
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Call-In number is???  ??? ??? 888-422-7124
Particpant Code  is??????????111756
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Status Report
After a marathon 12 hour meeting with Assemplyman  Keeley, Senator Battin, QF 
Parties, and SCE, a Keeley sponsored "deal" was  proposed at 3:30 a.m. this 
morning.? The crux of the deal is as  follows:
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For renewables and non-gas fired QF,  essentially ...
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7.8 cents/kwh for delivered power for 5 years  ["all in", i.e. includes 
capacity and energy]
1.0 on losses
no 'clawback' for wind resources which may have  failed to meet fixed 
capacity obligations in the past
Applies "going forward" (presumedly Feb.  1)

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For gas-fired  QFs...
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7.8 cents/kwh for five years, assuming gas is  $5.60;? payment will 
increase/decrease tied to gas? (this assumes an  IER of 9821)
1.0 on line losses
applies "going forward"

Caacity True-up and "forbearance" were not  addressed.? Credit worthiness 
will be address in the technical conference  scheduled for later today 
(Sunday).? This  program will require in part legislative blessing and 
direction, followed by  CPUC approval of individual contract amendments.? 
This is essentially the  PG&E/QF "deal" for the gas guys.? For the 
renewables, it is more of a  fixed payment approach.
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A "Technical Conference" is scheduled for Sunday  (today) in Sacramento to 
work out some of the implementing  details.