8. The 2007 RA Confirmation

The 2007 RA Confirmation essentially carries forward and memorializes the resource adequacy product that CES is currently providing under the Existing PPA, with terms adopted from industry developed resource adequacy contracts. Such terms did not exist at the time the Existing PPA was executed. There is no separate RA capacity payment associated with this transaction, as the compensation to be paid under the Existing PPA (and under the Geysers PPSA during the Interim Period) is already deemed to include a resource adequacy component. SCE indicates that it executed the 2007 transaction within its authority to procure under its current LTPP, and is therefore not seeking approval as part of the application. SCE states that this transaction will be included as part of SCE's next quarterly procurement compliance report and will be reviewed under that process.