Assignment of Proceeding

Michael R. Peevey is the assigned Commissioner and Regina DeAngelis is the assigned ALJ in these proceedings.

Findings of Fact

1. By the Assigned Commissioner's Ruling and Scoping Memo, dated February 7, 2008, a final decision in this proceeding was anticipated to be issued before the end of December 2008.

2. For reasons not caused by the actions of either SCE or SDG&E, a final decision may not be issued by the end of December 2008.

3. SCE requests authority to establish a memorandum account to offset the financial consequences of the difference between the date the Commission adopts its final decision in this proceeding and January 1, 2009, the date that the decision would have been effective under the Rate Case Plan.

4. SDG&E requests authority to establish a SONGS-related memorandum account to offset the financial consequences of the difference between the date the Commission adopts its final decision in this proceeding and January 1, 2009.

5. The requests of both SCE and SDG&E are unopposed.

6. The proposed memorandum accounts are consistent with previously stated Commission objectives to leave both ratepayers and shareholders essentially indifferent to the precise date of the final decision, to remove incentives for any party to seek or promote delay, and to allow sufficient time for review and critical analysis of the record.

7. Due to retroactive ratemaking considerations, the proposed memorandum accounts cannot become effective prior to the date of this decision.

Conclusions of Law

1. The motions of SCE and SDG&E to establish memorandum accounts should be granted to the extent set forth in the following orders.

2. The authorized memorandum accounts for both SCE and SDG&E should be effective as of January 1, 2009.

ORDER

IT IS ORDERED that:

1. Southern California Edison Company is authorized to establish a memorandum account to track the change in the revenue requirement adopted in this general rate case during the period between January 1, 2009, and the effective date of the final decision. Balances in this account shall accrue interest at the three-month commercial paper rate as set forth in the Federal Reserve Statistical Release H.15 or its successor.

2. San Diego Gas & Electric Company is authorized to establish a memorandum account to track the change in the revenue requirement related to its interest in the San Onofre Nuclear Generating Station adopted in this general rate case during the period between January 1, 2009 and the effective date of the final decision. Balances in this account shall accrue interest at the three-month commercial paper rate as set forth in the Federal Reserve Statistical Release H.15 or its successor.

3. Application 07-11-011 and Investigation 08-01-026 remain open.

This order is effective today.

Dated December 18, 2008, at San Francisco, California.

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