Below are the current provisions Keeley and Hertzberg are wanting to pass 
into legislation (when they return from recess).  Currently, they are not 
sure if all of these amendments would be wrapped up into one bill or if they 
would just amend bill SB78XX while introducing a new bill SB_XX.  Working 
under the assumption that they would amend bill 78XX and introduce a new one, 
the following issues are a reflection of their current positions.  If they 
decide to introduce one new bill than the issues below would be included into 
one piece of legislation.  Please remember, these issues are only their 
current thoughts and are such to change.

SoCal Debt
SB _XX
? No provision for debt.
SB 78XX (amended)
? Approximately $2.9B through corporate bond financing supported by a 
Dedicated Rate Component (DRC) over a period of time sufficient to pay the 
bonds (10-15 years).  Final debt amount to be established by the PUC and the 
State Auditor.

Core vs. Non-Core
SB _XX
? For purposes of paying the SoCal debt, creates a Core program for consumers 
with a peak demand of less than ?Kw and Non-Core customers of ?Kw or more.  
They would share in the cost of SoCal debt retirement: (1) all consumers 
share pro rata for the first two years, (2) Non-Core pay 100% after two years.
SB 78XX(amended)
? No Provisions.

Transmission System Purchase
SB _XX and SB 78XX
? No purchase of transmission assets.

Conservation Easements
SB _XX
? No conservation easements.
SB 78XX(amended)
? Specific conservation easements and other land arrangements described in 
bill for about 24,000 acres per the Governor's MOU.

Direct Access
SB _XX
? Removes regulatory constraints on a Direct Access program effective January 
1, 2002 and permits customers to buy power if there is a net short after 
SoCal native generation, bilateral contracts, and DWR contracts.  Residential 
and small commercial customers may use direct access from renewable energy 
sources.
SB 78XX(amended)
? No provisions for Direct Access.

Ratepayer Benefit Account
SB _XX
? Deposits in the account any refunds or net cash resulting from (a) any 
refunds ordered by FERC or from litigation, and (b) any positive DWR Power 
Fund revenues; all to be refunded to ratepayers through either bill credits 
or rate reductions in proportion to the March, 2001 PUC rate increase.
SB 78XX(amended)
? Does not create a Ratepayer Benefit Account.

Electric Supplier Claims Settlement Trust
SB _XX and SB 78XX
? Does not create a Trust or trustee to negotiate reductions.

Renewable Energy
SB _XX
? Creates a Renewable Portfolio Standard (RPS) to achieve a target of 10% of 
all new generating capacity additions through 2010 and overall 20% of 
statewide total generating capacity by 2010.  Munis have been exempted from 
the RPS.
SB 78XX(amended)
? No provisions for renewable energy.