PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

I. D. # 6190

ENERGY DIVISION RESOLUTION E-4047

December 14, 2006

R E D A C T E D

RESOLUTION

Resolution E-4047. Pacific Gas & Electric (PG&E) Company requests approval of the amended Global Common renewable resource procurement contracts. These contracts are approved with modifications.

By Advice Letter 2865-E filed on July 28, 2006 and Supplemental Advice Letter 2865-EA filed on November 13, 2006.

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SUMMARY

PG&E's renewable contracts comply with the Renewable Portfolio Standard (RPS) procurement guidelines and are approved with modifications

PG&E's request for approval of the renewable resource procurement contracts is granted. The energy acquired from these contracts will count towards PG&E's Renewable Portfolio Standard (RPS) requirements. In addition, the price for the contracts has been deemed by the Commission to be reasonable and fully recoverable in rates over the life of the contracts, subject to Commission review of PG&E's administration of the contracts. However, the Commission does not grant PG&E's request for a non-bypassable charge.

Confidential information about the contract should remain confidential

This resolution finds that certain material filed under seal pursuant to Public Utilities (Pub. Util.) Code Section 583, General Order (G.O.) 66-C and Decision (D.)06-06-066 should be kept confidential to ensure that market sensitive data does not influence the behavior of bidders in future RPS solicitations.