Hi Kari: I know that you and I are both swamped, so I'm writing very briefly to give you a brief update. But first, thank you very much again for meeting last week. Greatly appreciated, and look forward to working together to help in any way I can to find solution that is acceptable to all. Here's the update: Our "subcommitte" is meeting tomorrow to try to close the deal on a proposed solution. It focuses on 3 key areas: Using the utilities retained assets to moderate prices. Designing a framework for forward contracting that strikes a much more appropriate balance in CA between state oversight and the need for utility flexibility. Rate stabilization/Undercollections (utility solvency) I will update you tomorrow on the group's progress. If thing's go according to plan, we may be in a position to submit something to you a early as Monday. If there's a deadline from your end that I ought to be aware of, let me know and I'll incorporate it into the subcommittee's work plan. In the meantime, if there is anything at all that I can do to help, please don't hesitiate to contact me. Thanks again and all the best,

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