10. Comments on Proposed Decision

The proposed decision of the Administrative Law Judge (ALJ) in this matter was mailed to the parties in accordance with Pub. Util. Code § 311 and comments were allowed under Rule 14.3 of the Commission's Rules of Practice and Procedure. Opening and reply comments were filed jointly by Newhall Holding, New Hall Intermediary, LandSource Holding, and Valencia in support of the Proposed Decision on January 25, 2010 and February 1, 2010. Opening comments were filed jointly by SCOPE and The Friends on January 25, 2010.

No new issues were raised by the comments but we have made changes to clarify the ownership structure and responsibility of the acquiring companies throughout the decision. In addition, we specify steps the Applicants must take to complete the transaction.