Settlement Agreement

According to the public version of SCE's application, the principal terms of the parties' settlement are memorialized in the settlement agreement that was filed under seal. The non-public version of the application describes the principal terms of the settlement agreement, and contains a discussion as to why SCE believes the settlement agreement is reasonable and should be adopted. Neither the public nor non-public version of the prepared testimony discuss the terms of the settlement. Instead, the prepared testimony is limited to a description of the QF contract, the disputes, the events surrounding the energy crisis in California, and the events leading up to the negotiations and eventual settlement of the disputes.

In order to determine what is provided for in the settlement, we reviewed the non-public settlement agreement, and the public and non-public versions of the application and the prepared testimony, as well as the QF contract and the amendments. The following discussion of the issues is based on our review of the settlement agreement, and the other pertinent documents.