ALJ/RAB/jt2 Date of Issuance 4/1/2009

Decision 09-03-041 March 26, 2009

BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

In the Matter of the Application of Southern California Edison Company (U338E) for Authority to Lease Available Land on the Santiago-Estrella No. 2 Sub-transmission Right-of-Way to Centra Sand Canyon II, LLC, a Delaware Limited Liability Company.

Application 08-12-003 (Filed December 3, 2008)

DECISION GRANTING APPROVAL UNDER PUBLIC UTILITIES CODE SECTION 851 FOR CONVEYANCE OF A LEASE

1. Summary

Southern California Edison Company (SCE) seeks authority to lease to Centra Sand Canyon II, LLC, a Delaware limited liability company (Centra), an approximately 41.55-acre site located on a portion of SCE's Santiago-Estrella No. 2 Sub-transmission right-of-way (Santiago-Estrella No. 2 ROW) in the City of Irvine (Site). The Santiago-Estrella No. 2 ROW is part of the 66 kilovolt system and includes, among others, Commission-jurisdictional facilities. On December 31, 2007, Centra and SCE executed the Option Agreement between SCE and Centra (Agreement).¹ Centra will operate a retail center, medical office complex, office complex, and horticulture and/or agriculture growing grounds on the Site. This decision grants the authority.

¹ A copy of the Agreement is attached to the application as Appendix A.