Mailed 7/15/03

WATER/ICRJ/KKE

Decision 03-07-026 July 10, 2003

BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

In the Matter of the Application of YUBA INVESTMENT COMPANY, INC. U-81-W, for Authority to sell its Water System Located in Yuba County to Browns Valley Irrigation District Pursuant to Public Utilities Code Section 851.

Application 02-12-034 (Filed December 20, 2002)

O P I N I O N

Summary

This decision grants Yuba Investment Company, Inc. (YIC) the authority to transfer its water system to Browns Valley Irrigation District (the District) as requested in Application (A.) 02-12-034 (Application).