Steve: Attached is a memo that reponds to your question: "Can the solution to the utilities' undecollection problem take place at the PUC, or is a legislative fix required?" As we discussed, I'm also attaching a memo from Mike Day on the issue. Bottom line: It's within the PUC's jurisdiction to solve the problem, but the likelihood is high that it will be a key focus of the Legislature in the next session. If you, or anyone on the distribution, have any questions, let me know. Best,

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Forum for Solution to Utility Undercollection Problem