Revised Slides:

Mitch, Don't kill me, just call.

Attached are revised slides, revised as follows:

1. Cover page adds "OPUC" and changes the date to today's date
2. The first bullet under the FERC timeline -- added statement that FERC
order is more likely to be issued towards the end of the year
3. Under Additional Information Required -- included statement that the
delivered price test on the Alturas Line should include various buyback
options for Sierra from its divested generators
4. Under Issues to be Resolved -- consolidated three bullets into two
discussing the potential impact California plays on FERC's action on the
merger
5. Deleted the bullet under the SEC slide stating that the SEC could begin
considering the application before FERC issues its final order -- we could
not verify this with Joanne, and Sam Behrends said he thinks the SEC is
unlikely to act on the application (due to workload) before FERC issues its
order.

Please let me know if you have any questions.