FERC Filings

REQUEST FOR CLARIFICATION OR IN THE ALTERNATIVE REHEARING OF THE ELECTRIC POWER SUPPLY ASSOCIATION-Docket No. EL00-95-012, Docket No. EL00-98-000, Docket No. RT01-85-000, Docket No. EL01-68-000

CONCLUSION

Unfortunately, the price mitigation measures put forth in the April 26th Order will do little if anything to solve the problems facing California’s electricity markets, and will, in fact, discourage needed investment by creating regulatory uncertainty and enhancing risk. However, if the Commission imposes the mitigation measures contained in the April 26th Order, certain clarifications or, in the alternative, rehearing is needed. As outlined herein, the Commission should clarify certain aspects of its Order to provide maximum certainty and much needed stability to market participants.

May 29, 2001

Respectfully submitted,

<center>Julie Simon
Vice President of Policy
Electric Power Supply Association

1401 New York Avenue, NW

11th Floor
Washington, DC 20005
(202) 628-8200</center>

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