Assignment of Proceeding

Susan P. Kennedy is the Assigned Commissioner and Karl J. Bemesderfer is the assigned Administrative Law Judge in this proceeding.

Findings of Fact

1. In order for Park Edison to develop and operate an industrial office complex on Site 1, a lease from SCE is required.

2. In order for Park Edison to develop and operate a self-storage facility complex on Site 2, a lease from SCE is required.

3. Lease of the Sites to Park Edison is consistent with the current uses of the related SCE properties.

4. The Leases will not impair SCE's ability to provide service to the public.

5. The City is the lead agency for environmental review under CEQA.

6. The Commission is a responsible agency for environmental review under CEQA.

7. The Commission has reviewed the City Council Resolution, Negative Declaration and Notice of Determination, and finds these documents adequate for our decision-making purposes.

8. The Park Edison project received environmental review from the City.

9. All revenue from the Leases in excess of a Commission-established threshold will be treated as OOR and shared 70/30 between SCE and its ratepayers, pursuant to D.99-09-070.

10. There is no known opposition to granting the authorization requested.

Conclusions of Law

1. Approving the requested Leases is in the public interest.

2. With respect to the potential environmental impacts resulting from the project, we find that the City reasonably concluded that the proposed project could not have a significant impact on the environment. We adopt the City's finding for purposes of our approval.

3. This decision should be effective today in order to allow Park Edison to expeditiously enter into the Leases with SCE.

ORDER

IT IS ORDERED that:

1. Southern California Edison Company's Application for authority to lease two sites located on the Gould-Mesa Transmission Right of Way to Park Edison, LLC is granted, as described above.

2. This proceeding is closed.

This order is effective today.

Dated September 4, 2003, at San Francisco, California.

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