Assignment of Proceeding

Loretta M. Lynch is the Assigned Commissioner and Bertram D. Patrick is the assigned ALJ in this proceeding.

Finding of Fact

There is no longer any need for PG&E to market value these assets because ABX1-6 eliminated the need for market valuation.

Conclusion of Law

The application should be dismissed without prejudice.

ORDER

IT IS ORDERED that:

1. Pacific Gas and Electric Company's request for authority to market value the non-nuclear, fossil-fueled generation assets located at its Humboldt Bay Power Plant is dismissed without prejudice.

2. This proceeding is closed.

This order is effective today.

Dated July 8, 2004, at San Francisco, California.

MICHAEL R. PEEVEY

President

CARL W. WOOD

LORETTA M. LYNCH

GEOFFREY F. BROWN

SUSAN P. KENNEDY

Commissioners