2. Background

The 5.3-acre site is used by SCE for above-ground transmission and distribution lines.1 SCE acquired the property in 1922. Total book value for the 5.3 acres is $11,660.35. The site is currently vacant. SCE proposes to lease the site to New Century Auto for the development and operation of an auto dealership facility. SCE would continue to own and operate its transmission facilities, and it would retain unobstructed access to the site. Revenue from the lease would be shared with SCE's ratepayers.

1 The site is bounded on the north by Las Tunas Boulevard, on the east by Burton Avenue, on the south by residential areas, and on the west by a commercial development.

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