Additional Filings Required

To enable us to evaluate the need for a hearing in this proceeding, we require responses from the identified parties on the following topics:

Protestants:

1. Please articulate any specific effect on ratepayers from the proposed transaction, and describe proposed evidence that will demonstrate this effect. Specifically identify any disputed issues of material fact that require evidentiary hearings.

2. Please state any new conditions required by the unique facts of this proposed transaction.

Applicants:

1. Page 2 of the application states that NWHL Investment LLC "was merged" with LandSource Communities Development LLC effective November 30, 2004. Please state whether Pub. Util. Code § 854 applied to this transaction and, if so, whether applicants complied with it.

2. Please explain how the interim agreement under which LNR Property Corporation relinquishes to Lennar Corporation its 50% indirect control over Valencia will not compromise compliance with the conditions set out in D.04-01-051.

Responses to these questions should be filed and served no later than March 4, 2005.

IT IS SO RULED.

Dated February 17, 2005, at San Francisco, California.

		/s/ SUSAN P. KENNEDY by KJB
		Susan P. Kennedy Assigned Commissioner

		/s/ MARIBETH A. BUSHEY
		Maribeth A. Bushey Administrative Law Judge

CERTIFICATE OF SERVICE

I certify that I have by mail this day served a true copy of the original attached Assigned Commissioner's and Administrative Law Judge's Ruling Requiring Parties to File and Serve Responses on all parties of record in this proceeding or their attorneys of record.

Dated February 17, 2005, at San Francisco, California.

/s/ FANNIE SID

Fannie Sid

NOTICE

Parties should notify the Process Office, Public Utilities Commission, 505 Van Ness Avenue, Room 2000, San Francisco, CA 94102, of any change of address to insure that they continue to receive documents. You must indicate the proceeding number on the service list on which your name appears.