SoCalEd Petition for a Writ of Mandamus

On December 26, SoCalEd filed a Petition for a Writ of Mandamus against FERC
regarding FERC's December 15 order, asking the Court of Appeals for the D.C.
Circuit to direct FERC to establish and order "just and reasonable cost-based
rates" for sales in the California ISO and PX markets. SoCal requests that
the Court act by January 5.

SoCal argues that its lenders have said that unless FERC acts immediately to
"restore creditor confidence" in SoCal's ability to repay its loans, that
SoCal will not be able to access additional funding, so that by mid-January
SoCal will be unable to buy electricity, resulting in rolling blackouts to
its customers.

Please let me know if you have any questions or would like a faxed copy of
the petition.

Sarah