Decision 06-03-006 March 2, 2006

BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

In the Matter of the Application of the: Matthew B. Tozer, as Trustee of the Tozer Family Trust dated August 26, 2005; William J. Edelhauser, as Trustee of the William J. Edelhauser Family Trust dated November 15, 1995; James L. Shafer, as Trustee of the James L. Shafer Family Trust dated November 29, 1999; William H. Caouette, as Trustee of the William Caouette and Judith Ann Caouette Trust dated August 31, 1994; Robert Black, an individual; Thomas James Orr, an individual; and Deborah Lynn Bull, an individual, collectively as Sellers, to sell all of the issued and outstanding shares of stock and, thereby, to transfer control of Catalina Passenger Service, Inc., a California corporation, an authorized vessel common carrier, providing service between Newport Beach, California, on the one hand and, on the other hand, Santa Catalina Island, California, pursuant to VCC-47, to Levon Gugasian and Zarouhi Gugasian, as Trustees of the Gugasian Trust (a revocable family trust) dated May 8, 1996, as Buyer, in accordance with Public Utilities Code Section 854.

Application 05-12-034 (Filed December 29, 2005)

OPINION

Summary

This decision grants the application to transfer control of Catalina Passenger Service, Inc. (CPSI), a vessel common carrier (VCC), to the Gugasian Trust pursuant to Pub. Util. Code § 854.