PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

ENERGY DIVISION * Item #10 ID# 10825 12/14/11, 10 AM

RESOLUTION E-4446

December 15, 2011

Redacted

RESOLUTION

Resolution E-4446. San Diego Gas & Electric Company requests approval of a renewable energy power purchase agreement, as amended, with CSolar IV West, LLC.

PROPOSED OUTCOME: This resolution approves cost recovery for the long-term renewable energy power purchase agreement, as amended, between San Diego Gas & Electric Company and CSolar IV West, LLC. The power purchase agreement, as amended, is approved without modifications.

ESTIMATED COST: Costs of the power purchase agreement are confidential at this time.

By Advice Letter 2257-E filed on May 27, 2011, Advice Letter 2257-E-A filed on October 3, 2011, and 2257-E-B filed on October 4, 2011.

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SUMMARY

San Diego Gas & Electric Company's renewable energy power purchase agreement with CSolar IV West, LLC complies with the Renewables Portfolio Standard procurement guidelines and is approved without modification

San Diego Gas & Electric Company (SDG&E) filed Advice Letter 2257-E on May 27, 2011 requesting California Public Utilities Commission (Commission) approval of a 25 year renewable energy power purchase agreement between SDG&E and CSolar IV West, LLC. On October 3, 2011 and October 4, 2011, SDG&E filed supplemental Advice Letters 2257-E-A and 2257-E-B, respectively, requesting approval of an amendment to the power purchase agreement reducing price of the power purchase agreement and submission of an Independent Evaluator report regarding the amendment.

The bilaterally negotiated power purchase agreement, as amended, is for generation from a new 96-150 megawatt solar photovoltaic facility, Imperial Solar Energy Center West, which is being developed near El Centro, Imperial County, California. The Imperial Solar Energy Center West facility is expected to achieve commercial operation in 2015.

This resolution approves the CSolar IV West, LLC power purchase agreement, as amended, without modification. SDG&E's execution of this power purchase agreement, as amended, is consistent with SDG&E's 2011 RPS Procurement Plan, including its resource need, which the Commission approved in Decision 11-04-030. Deliveries under the CSolar IV West, LLC power purchase agreement, as amended, are reasonably priced and fully recoverable in rates over the life of the power purchase agreement, subject to Commission review of SDG&E's administration of the power purchase agreement.

The following table provides a summary of the CSolar IV West, LLC power purchase agreement: