V. Conclusion; Protection of Competitively Sensitive Information

For the multiple operational and financial reasons articulated in Parts III and IV above, we find it is in the public interest to approve the Application and we do so, subject to each of the conditions and limitations also discussed in those Parts. Thus, as conditioned we authorize the transfer of control of LGS and the Lodi Facility via the sale of Western Hub to WHP, and thereby, jointly to AMS and ArcLight. We also authorize the debt financing proposal, as specifically conditioned herein. Finally, we authorize the LGM Storage and Marketing Contracts, subject to the conditions discussed herein.

To the extent compliance with our conditions of approval requires the disclosure of competitively sensitive, confidential information, LGS and/or LGM may submit the information under seal, in accordance with the Commission's GO 66-C and Pub. Util. Code § 583.