9. The 2008 RA Confirmation

The 2008 RA Confirmation provides resource adequacy benefits from Calpine's Pastoria Energy Facility (714 MW) as opposed to the Geysers (225 MW). No tolling rights are provided. The Pastoria Energy Facility is located in Lebec, CA. CES believed that it could obtain more value for Geysers RA from northern California based parties than it could from SCE, and SCE believed that Pastoria RA provided more value to it than Geysers by enabling SCE to meet any potential BC/V RA requirements that may be imposed. SCE states that the 2008 RA transaction is priced competitively with similar transactions entered into by SCE in the 2006 All Source Request for Offers (RFOs). Similar to the 2007 RA Confirmation, SCE indicates that it executed the 2008 transaction within its authority to procure under its current LTPP, is therefore not seeking approval as part of the application, and will include this transaction as part of SCE's next quarterly procurement compliance report.