II. Proposed Goals of Long-Term Procurement Proceeding

As outlined in the attached ruling, the following are the proposed goals of the long-term procurement proceeding.

1. A review of the need for new generation in California, including consideration of temporary and/or permanent mechanisms (e.g., cost allocation and benefit sharing, or some other alternative) which can ensure construction of and investment in new generation in a timely fashion;

2. A review of long-term resource plans, including an integrated resource planning process for all IOU planning areas;

3. Updates to IOU procurement policies and practices, including review and approval of new 10-year procurement plans; and

4. Any procurement policy issues not handled in R.04-04-003 or other procurement related dockets.