President Lynch has today released the attached ACR concerning market valuation of the utilities retained assets.
As you may know, AB 1890 originally required that for those generation-related assets that the Commission determines to be transition costs and that are subject to valuation, "the valuation used for the calculation of the uneconomic portion of the net book value shall be determined not later than December 31, 2001, and shall be based on appraisal, sale, or other divestiture."
Lynch states that this requirement was changed by AB 6X and that, "I intend to recommend to my colleagues that the requirement to value generation-assets subject to valuation by December 31, 2001 has been superseded by AB 6X.
Parties shall file and serve comments addressing this issue by January 15, 2002.
Reply comments shall be filed and served by January 25, 2002."
Dan

Lynch Ruling re Market Valuation
President Lynch has today released the attached ACR concerning market valuation of the utilities retained assets.
As you may know, AB <NUMBER> originally required that for those generation-related assets that the Commission determines to be transition costs and that are subject to valuation, "the valuation used for the calculation of the uneconomic portion of the net book value shall be determined not later than December <NUMBER>, <NUMBER>, and shall be based on appraisal, sale, or other divestiture."
Lynch states that this requirement was changed by AB 0X and that, "I intend to recommend to my colleagues that the requirement to value generation-assets subject to valuation by December <NUMBER>, <NUMBER> has been superseded by AB 0X.
Parties shall file and serve comments addressing this issue by January <NUMBER>, <NUMBER>.
Reply comments shall be filed and served by January <NUMBER>, <NUMBER>."
Dan
acr concerning market lynch today released intend recommend colleagues requirement changed uneconomic portion net valuation utilities retained ab 0x file serve