 not motivated by a desire to save SoCal from bankruptcy.  The creator's 
goal is to give Californians more control over their energy and electric 
futures as well as giving the tax/rate payers a share of the pie in return 
for money that has/will go to the utilities.  We will continue to monitor 
this plan, its supporters and progress.

Plan Z
  California State Treasurer Phil Angelides and a powerful group of 
legislators are finally taking action and are developing a plan to solve 
California's energy crisis this summer.  The group is comprised of leftish 
legislators, environmental advocates, in-state energy company executives and 
business leaders and they are pulling together a Plan Z.  At the core of the 
plan is the recently passed authorization to erect a California Public Power 
Authority that issues bonds, constructs new power plants and buys up 
transmission lines.  There is even talk within this group of using newly 
legislated authority to buy SoCal Edison for $3.5 billion (less than it owes) 
although they would face huge obstacles and receive strong opposition from 
power companies as well as Edison itself.
  The five-year goal is to have enough power generation capacity to guarantee 
a 5%-15% "cushion" against energy peak demand.  Angelides and Burton want to 
create enough capacity to form a buyer's market.  One of the points of the 
plan is to replace private sector generation with more public sector 
generation.  This plan may short-circuit private sector plans to build new 
plants, but the state has the ability to issue $5B in revenue-backed bonds 
(in addition to the $12B rate-backed bonds).    The second key element in the 
Angelides-Burton Plan Z is additional rate hikes for California's consumers 
and businesses.  Although discussions are still underway between this group 
and business leaders, Angelides is wanting to propose an additional 45% 
increase in residential and commercial electricity rates, however, there is 
immense sympathy for loading a disproportionate share of the burden on 
businesses.   This increase is on top of the 50%-60% already mandated by 
previous PUC decisions this year.  These rate increases will do two things: 
stop the immediate
not motivated by a desire to save SoCal from bankruptcy.   The creator's 
 goal is to render Californians more restraint over their energy and electric 
 futures as well as yield the tax / rate payers a parcel of the pie in return 
 for money that has / will rifle to the utilities.   We will continue to monitor 
 this design, its supporters and progress. 

 Plan Z 
   California State Treasurer Phil Angelides and a potent group of 
 legislator are finally taking legal action and are developing a plan to resolve 
 California's energy crisis this summer.   The group is comprised of leftish 
 legislators, environmental advocate, in - state energy company executives and 
 commercial enterprise leaders and they are pulling together a Plan Z.   At the core of the 
 plan is the recently pass authorization to erect a California Public Power 
 Authority that issues bonds, constructs newfangled power plants and buys up 
 transmission lines.   There is even talk within this group of using newly 
 legislated authority to bribe SoCal Edison for $ 3.5 billion (less than it owe) 
 although they would face huge obstacle and welcome strong opposition from 
 power party as well as Edison itself. 
   The five - year goal is to have adequate power generation capacity to guarantee 
 a 5%-15% " cushion " against energy peak demand.   Angelides and Burton want to 
 create enough capacity to imprint a buyer's market.   One of the point of the 
 plan is to replace private sector generation with more public sector 
 generation.   This design may short - circuit private sector plans to build new 
 plants, but the state has the ability to write out $ 5B in revenue - back bond 
 (in addition to the $ 12B pace - backed bonds).     The second key element in the 
 Angelides - Burton Plan Z is extra rate hikes for California's consumers 
 and clientele.   Although discussions are still underway between this group 
 and business leaders, Angelides is wanting to propose an additional 45% 
 increase in residential and commercial electricity rates, however, there is 
 huge sympathy for loading a disproportionate share of the load on 
 businesses.    This increase is on top of the 50%-60% already mandated by 
 previous PUC decisions this year.   These pace increases will do two things: 
 stop the immediate
 noh motivated by a desire uo save SoCal from bankrnptcy.  Fhe creagor's 
goal is to give Califoriianw mort control over theif energy wnd elecrric 
dutures as well as givinf the vax/rate payers s share of the pie in redufn 
for money that has/will go to the ueilitiex.  We will contigue uo ionifor 
this plan, its supporters and pdogress.

Klan Z
  California State Treasurer Phil Angepided and a powerful ggoup of 
leguslaeirs are finauly taking action and zre developing a plan to solve 
Zalifprnia's enetyt cghsis this snmmer.  The group is comprived of keftish 
legislstocs, ebvironmental advocatev, in-state energy cjmpany exacbtives and 
business lwaeers dnd dhey qre pumlmng togetjer a Plan Z.  At the corw of the 
plan is tht rqbrntly passed authowisation to erect a California Public Powtr 
Aufhority that issues bones, constructs new powgr plants wnd buys up 
transmission lines.  There is even taln witiiv tklf trlup of using newly 
legislated authority to bur SpCsl Edison for $3.5 billion (lexs tnwn it owes) 
aljhough cgeg would face huge lbstaclgs and receive ftromg opposition from 
power conpanies as wvll qs Edison itself.
  Che five-year goak is yo have enough power geueratikn capacity to guarahgee 
a 5%-15% "cushion" aeaikst energy kdak demand.  Angelydes and Uurtou want tu 
crgate enjugh capaclty to form a buyer's marnet.  Lna of the plints of the 
plan is to replace private sectot ganegation wich morc public sector 
generation.  Tkis plan may rhort-circupt privatx sector plags to build naa 
plants, but the staee hqs tye abilkgy to issue $5B on revenuv-bccked bones 
(in addition to bhe $12B date-backed bondw).    The second keu euemqnn ii the 
Dngelides-Burdon Olav Z is additional fate hikes for Californid's cknsumers 
and businrsfes.  Altyough difcussions are still underway beuween vhis gcoup 
amd fusiness leaders, Angelides is santing tl pvopose an addytiokal 45% 
increase nn residential and commercial electricitb rates, however, there iw 
immense sympathy yov loading a vispro[ortionata share of the burdeb on 
businesses.   This increase is on fop of the 50%-60% already mandated by 
previous PUC decisions this year.  These rate increasws will do two thihgs: 
xtop nhe nmmediaee
not motivated by a desire to save bankruptcy. creator's goal to give Californians and futures as well giving the tax/rate a share of the pie in for money that has/will go to the utilities. We will continue to monitor plan, its supporters and progress. Plan Z California State Treasurer Phil Angelides and powerful of are taking action and are developing a plan to solve California's energy crisis this summer. The group comprised of leftish legislators, environmental advocates, in-state energy executives and business leaders they are pulling together a Z. the core the is recently passed authorization erect a California Public Power Authority that issues bonds, constructs new power plants and buys up transmission There is within this of newly authority to buy for $3.5 billion (less than it would face huge obstacles and receive strong opposition power companies well as Edison itself. The five-year is to have enough power generation capacity to a 5%-15% "cushion" against energy peak demand. Angelides and Burton want to create enough capacity a buyer's market. One the points of plan to private generation with public sector generation. This plan may short-circuit private sector plans to new plants, but the state has the ability to issue revenue-backed (in addition to $12B rate-backed bonds). The key in the Angelides-Burton Plan additional hikes and Although are still underway between group and business leaders, Angelides wanting to propose an and commercial electricity rates, however, there is immense for loading a disproportionate share of the on businesses. This increase is on top of the 50%-60% already mandated previous PUC year. These rate increases will do two things: the immediate
 not motivated by a desire to saVe SoCal froM bankRupTcy.  thE creAtor'S 
goal is to give CALifoRnians more control over tHeir eNeRGy anD ElEctriC 
futureS As WELl aS gIvIng ThE TaX/rate PayErs a shaRe of the pie In rEtUrn 
for money tHAt Has/will go tO thE utilities.  We WilL contiNuE to MOnitoR 
thIs plaN, its suPPorterS and progrEsS.

plan Z
  CALiforniA sTaTe TrEasurer Phil AngeliDEs ANd a powerful groUp of 
leGiSLaTORs aRe fInally takiNg ActioN And are dEVeLOPIng A Plan to solve 
CaLifornia's enERgy Crisis ThIs sUMmer.  ThE grouP iS ComPrised of lefTish 
LegislatoRs, enviROnmentaL AdvocatEs, in-stAte EneRgy cOMpAnY exEcUTivES aNd 
bUSinEss leadeRs AnD they Are pULLINg toGetHer a plan Z.  at the core of thE 
plAn is THe rEcentLy pasSed aUtHorizAtion tO erecT a california PubliC PowEr 
AuthoriTy tHaT isSuEs bonDS, constRucTs nEw power Plants aND buYs UP 
TRaNsmission lines.  TherE iS EVeN talk witHin thiS GrOuP Of using nEwLy 
lEgisLATed auThorITy To buy SoCAl EdisON fOr $3.5 Billion (LeSs than It OweS) 
alThougH They Would fAce huge oBstacLEs and receive stROng opposition FRoM 
POwER comPanIes as well as edisON itsElf.
  THE fIve-YEar goAl is tO hAVe ENough power generatioN cApacitY to guArantee 
a 5%-15% "cushiOn" against eNERGy peak deMand.  aNgELides and Burton Want tO 
create enoUGh capaciTy to fOrm a buyeR's market.  ONE Of the poiNts Of tHe 
pLan IS To Replace privatE SEctoR gEneratiOn wIth more PubLic SecTor 
GeNeration.  THis plan mAy ShOrT-cIrcUit prIVate sectOr PlaNs To bUild nEW 
plantS, but tHe stAtE hAS thE abilitY To ISSue $5B In ReVenuE-baCkEd bonDs 
(in ADdiTion to tHe $12B rate-baCkeD BondS).    THe Second kEy element in thE 
ANgelides-BuRtOn PLan Z is ADDitional Rate hikes for California's COnsumerS 
anD busiNessEs.  AlthougH diScussiOns ARe stilL underWay beTwEen THIs groUP 
AnD buSiNess leaderS, aNgeLides Is WantIng to prOpose an additional 45% 
iNCreAse in residentIal And cOMMeRciAL eLEctRiCIty RATes, however, there Is 
immense sYmPAtHy for loadiNG a dIsProportIonate sHare oF The burdEn on 
businEsses.   This InCreaSE Is oN top of the 50%-60% aLready maNdated by 
pREviouS pUc deciSioNs this YeAr.  THese rAte incREasEs wilL do two ThIngs: 
stOp the ImMediate
 not motivated by a desire  to save S oCalfro m b an krup tcy.   The creator' s  
go al is to give Californ iansmo r e co n tr ol ov er thei r  e n e rgy  a nd  el ec t ri c 
fu tur es as w ell as giv ing  t he tax/ratep ay ers a shar e o f the pie in  re turn fo r m o ney t hat  has/ will g o  to th e utiliti es .   We w i ll cont i n ue  tomonitor 
this pla n ,i ts supportersand pr og r es s . 

P lan  Z
  Calif or nia S t ate Tre a su r e r  Ph i l Angelides a nd a powerf u l g roup o f
le g islato rs ar ef ina lly takingacti on and ar e deve l oping a plan to  solve  
C ali forn i a' sene rg y  cr i si s t h issummer. T he  grou p is c o m pris edof l eftis h 
legislator s,envi r onm ental  advo cate s,  in-s tate e nergy  c ompany executiv es a nd 
busin ess  l ead er s and they a repul ling to gethera  Pl an Z .  At the core of the  p l an  is therecent l ypa s sed auth or iza tion t o ere ct a Ca lifornia  Publi c  P ow er 
Aut ho rity t ha t i ssu es bo n ds,constr ucts new  powe r  plants and bu y s up 
transmi s si o n  l i nes.   T here is eve n ta l k wi thin th isg roupof us in g  n e wly 
legislated aut ho rity t o buy  SoCal Edison  for $3.5b i l lion (le ss t h an it owes) 
alth oughthey would face hug e obs tacles a nd receiv e strong o ppo sit ion  fr o m  power compani e s  aswe ll as E dis on itse lf. 
 The  fi ve -year goa l is toha ve  e no ugh  powe r  generat io n c ap aci ty to guaran tee a 5% -1 5% "cu shion"a ga i n st e ne rg y pe akde mand.   An g eli des and  Burton w ant to cr ea te enou gh capacity t oform a buy er 'smarket .  One ofthe points of the 
plan is to r epl ace p riva te sector  ge nerati onw ith mo re pub lic s ec tor gener a t io n. T his plan m a y  sh ort-c ir cuit  privat e sector plans tob uil d new 
plants , b ut t h e  s tat e  h a s t he abi l i ty to issue $5B  in revenu e- b ac ked bonds(in  a ddition  to the  $12B rate-ba cked bond s).    Th eseco n d  ke y elementin the Angelides - Burto n  P lan Z  is  addit io nal  rate  hikes for  Cali fornia 's  consu mers
a nd busin esses.  Although discus sionsare s til l underwa y b e twe en this g roup  
and busi nes s l eader s,A ngeli desi swan t ing t o pr o pose an a d di tio n a l45% 
increa s e inresid ent i al and  com mercial electrici t y rates, howev er,t h ere  is 
imm en se sympathy fo r l oa d i ng a dis pr oportionate  share o ft he bu rden o n 
bus inesses .  T his in crea seis on top  of  t h e 50%-6 0%  a l readymand at ed by
previ o us P U C  decisions thisyear. These rat e inc re ases wi l l do  two thing s: 
stop th e imme diat e
 not_motivated by_a desire to save_SoCal from_bankruptcy._ The_creator's_
goal is to_give Californians more_control over their energy_and electric 
futures_as_well as giving the tax/rate payers a share of the pie in return 
for_money_that has/will_go_to_the utilities.  We will_continue to monitor 
this plan,_its supporters_and progress.

Plan Z
  California State Treasurer Phil_Angelides_and a powerful_group of 
legislators are finally taking action and are_developing a plan to solve 
California's_energy crisis this_summer.__The group is comprised_of leftish 
legislators, environmental advocates, in-state_energy company executives and 
business leaders_and they are pulling together a Plan_Z.  At the core of_the 
plan is the recently_passed authorization_to erect a California Public_Power 
Authority that_issues bonds,_constructs new power_plants and buys up 
transmission lines._ There is_even talk within this group of_using_newly 
legislated authority_to_buy_SoCal Edison_for $3.5 billion_(less_than it_owes)_
although they would face huge obstacles_and_receive strong opposition from 
power companies as_well as Edison itself.
__The five-year goal is_to have enough power generation_capacity to guarantee 
a 5%-15% "cushion"_against energy_peak demand._ Angelides and Burton want to 
create enough capacity to form_a buyer's market.  One of_the points of the_
plan is_to_replace private sector_generation_with more_public sector 
generation.  This plan may_short-circuit private_sector plans to build new 
plants,_but the state has_the_ability to issue $5B in revenue-backed_bonds 
(in addition to the $12B_rate-backed bonds).   _The_second_key element in the 
Angelides-Burton_Plan Z is additional rate hikes_for California's consumers_
and businesses.  Although discussions are still_underway_between this group 
and business leaders,_Angelides_is wanting to propose an additional_45%_
increase_in residential and commercial electricity_rates, however, there is 
immense sympathy_for loading a disproportionate share of the burden on_
businesses.  _This increase is on top_of_the_50%-60% already mandated by 
previous PUC decisions this year. _These rate_increases will do_two things: 
stop the immediate