John A. Bohn is the assigned Commissioner and Karl J. Bemesderfer is the assigned Administrative Law Judge in this proceeding.
1. A notice of the filing of the application appeared in the Daily Calendar on September 10, 2008.
2. There were no protests to this application.
3. A hearing is not required.
4. The Credit Agreement and Deed of Trust were previously approved by the Commission. The requested advances are necessary and appropriate to improve the encumbered assets.
5. This proceeding should be closed.
1. The application should be granted.
2. The following order should be effective immediately.
IT IS ORDERED that:
1. Crimson California Pipeline, LP is authorized to encumber the public utility pipeline assets known as Line 600 and Line 700 to secure advances under Applicant's existing Credit Agreement with the Bank of Oklahoma.
2. Application 08-09-005 is closed.
This order is effective today.
Dated November 21, 2008, at San Francisco, California.
MICHAEL R. PEEVEY
President
DIAN M. GRUENEICH
JOHN A. BOHN
RACHELLE B. CHONG
TIMOTHY ALAN SIMON
Commissioners