4. Proposed Settlement Is In the Public Interest

Based on our review of all filed information and a careful review of the proposed settlement between Golden State and Water & Audits, as discussed below, we find the proposed settlement was offered by competent and adequately prepared parties able to make informed choices in the settlement process. We can find, as required by Rule 12.1 of the Commission's Rules of Practice and Procedure (Rules),³ the proposed settlement is reasonable in light of the whole record, consistent with law, and in the public interest. No item settled in this proceeding is dispositive of the appropriate rate treatment in subsequent proceedings. (Rule 12.5). We therefore adopt the settlement.

³ http://docs.cpuc.ca.gov/WORD_PDF/AGENDA_DECISION/143256.PDF.