III. CONCLUSION

For the reasons discussed above, the application for rehearing of I.04-04-024 is denied.

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THEREFORE, IT IS ORDERED that:

1. Rehearing of I.04-04-024 is denied.

This order is effective today.

Dated October 28, 2004, at San Francisco, California.

MICHAEL R. PEEVEY

President

CARL W. WOOD

LORETTA M. LYNCH

GEOFFREY F. BROWN

SUSAN P. KENNEDY

Commissioners