Ratemaking

The Kaweah Project is used for the purpose of electric transmission and is included in SCE's rate base, subject to ratemaking jurisdiction by the Federal Energy Regulatory Commission. The Fords will pay a one-time easement fee of $1,050 to be credited to SCE's Other Operating Revenue account. Granting the easement will result in ratepayer and shareholder benefits. Pursuant to the revenue sharing mechanism outlined in Decision (D.) 99-09-070 for the secondary use of utility property, lease payment benefits will be split with 70% credited to shareholders and 30% credited to ratepayers.