PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

Item #24

ID #10918

ENERGY DIVISION RESOLUTION E-4438

February 1, 2012

REDACTED

RESOLUTION

Resolution E-4438. Southern California Edison Company requests approval of a power purchase agreement with Silver State Solar Power South, LLC.

PROPOSED OUTCOME: This Resolution approves cost recovery for the long-term renewable energy power purchase agreement between Southern California Edison Company and Silver State Solar Power South, LLC, a wholly-owned subsidiary of First Solar, Inc.

ESTIMATED COST: Actual costs are confidential at this time.

By Advice Letter 2581-E filed on May 6, 2011.

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SUMMARY

Southern California Edison Company's renewable energy power purchase agreement with Silver State Solar Power South, LLC is approved without modification.

Southern California Edison Company (SCE) filed Advice Letter (AL) 2581-E on May 6, 2011 requesting approval of a 20 year Purchase Power Agreement (PPA) with Silver State Solar Power South, LLC ("Silver State" or "Project"), a wholly-owned subsidiary of First Solar, LLC, which resulted from bilateral negotiations.

SCE proposes that the 250 megawatt (MW) photovoltaic facility will interconnect into the California Independent System Operator (CAISO) balancing authority area at the proposed Ivanpah Susbstation, which will be built as part of the approved Elorado-Ivanpah Transmission Project. The Project will deliver approximately 613 gigawatt-hours (GWh) per year of Category 1 renewable energy with a commercial operation date

of May 31, 2017.

This resolution approves the PPA without modification. SCE's execution of this power purchase agreement is consistent with SCE's 2009 RPS Procurement Plan, including its resource need, which the Commission approved in Decisions 09-06-018 and 11-04-030. Deliveries under the PPA are fully recoverable in rates over the life of the contract, subject to Commission review of SCE's administration of the power purchase agreement.

The following table summarizes the Project-specific features of the agreement: