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Just got off the call with the California stakeholders. The group's trying to come up with a solution and today's call was a challenge. Edison threw new demands on the table that effectively ended any chance for a deal today. Appears that at this point that anything more than a 10% rate increase is out of the question politically for the Governor, and the utilities are very unhappy about it. Consumer groups are already balking publicly at the 10% increase reported in the press. The meeting effectively ended when Edison announced that, in response to New West turning back their customers, Edison plans to file a proposal with the Commission this week that would require all returning customers to pay the spot price for energy. The large customer groups blew their tops and that pretty much ended the call. The group agreed to meet again on Friday, after the PUC business meeting on Thursday. Best,

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Notes from Meeting with California Stakeholders