1. Summary

This decision grants, in part, the application of Pacific Gas and Electric Company for approval of its 2008 Long-Term Request for Offer results and adopts a cost recovery and ratemaking mechanism related thereto. In particular, we approve Pacific Gas and Electric Company's Marsh Landing, Contra Costa 6 & 7, and Midway Sunset procurement agreements. Additionally, at this time, we deny the Oakley Project. We also approve a multi-party settlement agreement that provides for recovery of the costs associated with the above procurement.