Conclusion

The draft decision of the Arbitrator on each disputed issue is set forth above.

Dated January 13, 2003, at San Francisco California.

/s/ Victor Ryerson____

Victor D. Ryerson, Arbitrator

Administrative Law Judge

CERTIFICATE OF SERVICE

I certify that I have by mail this day served a true copy of the original attached Draft Arbitrator's Report on all parties of record in this proceeding or their attorneys of record.

Dated January 13, 2003, at San Francisco, California.

/s/ Antonina V. Swansen

Antonina V. Swansen

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.