6. Assignment of Proceeding

Michael R. Peevey is the assigned Commissioner and Karl J. Bemesderfer is the assigned ALJ for this proceeding.

Finding of Fact

1. The PV MDF is an R&D facility designed to accelerate the testing of innovations in solar panel design and manufacturing.

2. The PV MDF supports environmental improvement.

3. The PV MDF supports development of renewable resources.

4. The financial return to ratepayers of an investment in the PV MDF is remote and speculative.

5. The benefits of a successful PV MDF flow to the public at large rather than to PG&E's ratepayers.

6. Work done at the PV MDF would duplicate work done elsewhere by existing and future manufacturers to commercialize solar panel manufacturing technology.

Conclusions of Law

1. Investment of ratepayer funds in SVTC is not authorized by Pub. Util. Code §§ 740 and 740.1.

2. Investment of ratepayer funds in SVTC is not authorized by Pub. Util. Code § 2775.5.

3. Authorization of the investment of ratepayer funds in SVTC pursuant to Pub. Util. Code § 701 is not in the public interest.

4. The application should be denied.

ORDER

IT IS ORDERED that:

1. Application 10-11-002 is denied.

2. The hearing determination is changed from Yes to No.

3. Application 10-11-002 is closed.

This order is effective today.

Dated May 10, 2012, at Fresno, California.

MICHEL PETER FLORIO

CATHERINE J.K. SANDOVAL

MARK J. FERRON

Commissioners

I dissent.

/s/ MICHAEL R. PEEVEY

President

I dissent.

/s/ TIMOTHY ALAN SIMON

Commissioner