FERC Filings

Request for Clarification Or, In the Alternative, Rehearing of EPSA and the Western Power Trading Forum re: Mountainview Power Co. LLC

Introduction

On February 25, 2004, the Commission issued an “Order Conditionally Accepting Proposed Rate Schedule and Revising Affiliate Policy” (February 25 Order) in this proceeding, which approved a life-of-unit, cost-based power purchase agreement (PPA) between Southern California Edison (SCE) and a to-be-acquired subsidiary, Mountainview Power Company, LLC (Mountainview). According to the applicants, this cost-based PPA arrangement is “a unique request, unlikely ever to be repeated, because of the urgent need for new generating capacity in California.” The FERC order stated that, based on Commission precedent, the SCE/Mountainview PPA will be accepted as filed with certain conditions and reporting requirements. However, the Commission has determined that, on a prospective basis, all affiliate long-term (one year or longer) power purchase agreements, either market or cost-based, will be subject to the conditions set forth in the Commission’s Edgar standard for affiliate transactions.

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