2. Description of Applicants

Working Assets, a California corporation, provides resold interexchange services to residential and business customers in California. Working Assets was authorized to provide intrastate, inter local access and transport area (LATA) interexchange services as a reseller by Decision (D.) 91-03-046. This authority was expanded to intraLATA interexchange services by D.93-04-063. D.96-05-060 authorized Working Assets to provide resold competitive local exchange services.

Subsequently, Working Assets asked the Commission for suspension of its certificate to resell local exchange service, which the Commission granted.

Working Assets, Inc. is a recently (April 12, 2001), formed Delaware Corporation as shown in Exhibit B of this application. Working Assets, Inc. will be the parent corporation of Working Assets and existing subsidiaries, Working Assets Wireless, U-4308-C, Working Assets Online and Working Assets Green Power. Working Assets, Inc. submits that it will file an amendment to Working Assets Wireline's registration statement as required by D.95-10-032.