| D.97-09-046 Date Signed: 09/03/97 Date Effective: 09/03/97 Date Mailed: 09/08/97 |
Interim Order - PG&E shall conduct an auction of the Morro Bay Power Plant, Moss Landing Power Plant, and Oakland Power Plant. In any such auction, PG&E shall permit bidders to bid on any combination of the plants. The sale of the plants shall be subject to conditions that the Commission may require to mitigate any adverse environmental impacts that we may determine will arise from such physical changes or as may be needed in connection with making the continued availability of must-run plants consistent with maintaining open competition and avoiding an over- concentration of market power. If the plants are sold, and if PG&E's proposed Competition Transition Charge (CTC) Revenue Account is approved in A96-08-070, PG&E may apply the accounting and ratemaking treatment described in this application; provided, however, that if the CTC Revenue Account is not approved, PG&E shall promptly file an application with a proposal for disposition of any amounts realized. PG&E shall require the successful bidder to disclose to the Commission all other generation assets in California under common ownership or control with the bidder. |
| D.97-09-049 Date Signed: 09/03/97 Date Effective: 09/03/97 Date Mailed: 09/08/97 |
Interim Order - Edison may commence an auction of the Cool Water, Ellwood, Highgrove, Long Beach, Ormond Beach, San Bernadino, Alamitos, El Segundo, Etiwanda, Huntington Beach, Mandalay, and Redondo plants, but shall not receive final bids for any of the plants until further order of the Commission approving a mitigated negative declaration and, for the Alamitos, El Segundo, Etiwanda, Huntington Beach, Mandalay, and Redondo plants, an order of the Federal Energy Regulatory Commission approving the form of agreement with the Independent System Operator for the operation of those plants. Edison shall permit bids on any combination of plants, subject to the likelihood that we will not approve any sale to related entities that results in 33% or more of the capacity being transferred. The sale of the plants shall be subject to conditions that the Commission may require (a) to avoid or reduce to non-significant levels any adverse environmental impacts that we may determine will arise from physical changes reasonably foreseeable in connection with the transfer of the plants and (b) in connection with ensuring the continued availability of must-run plants consistent with maintaining open competition and avoiding an overconcentration of market power. If the plants are sold, the sale shall be subject to the Operations and Maintenance Agreement in the form proposed in the application. If the plants are sold, Edison may apply the accounting and ratemaking treatment described in this application to such sales, subject to confirmation of net book value of the plants in A96-08-001 et al., and to the extent not inconsistent with D97-08-056. If the plants are sold, Edison shall not consider post-auction overbids. Edison may amend its application in this proceeding to establish what portion, if any, of each plant site is transmission-related. For all unsold portions of the existing plant sites and other generation-related assets (such as emissions reduction credits), Edison shall either file an application pursuant to Public Utilities (PU) Code Section 851 for the sale of such assets, or file an application to retain such assets pursuant to PU Code Section 377. |