Approved 2000 Public Meeting Minutes - Wednesday, May 30, 2000
The Board met at its offices at 5901 Green Valley Circle, Culver City, at 2:08 p.m. with Chairman Andal, Vice-Chairman Parrish, Mr. Klehs, Mr. Chiang and
Dr. Connell present.
VALUATION OF STATE-ASSESSED PROPERTIES
AS OF JANUARY 1, 2000
Upon motion of Mr. Klehs, seconded by Mr. Chiang and duly carried,
Mr. Klehs, Mr. Chiang and Dr. Connell voting yes, Mr. Andal and Mr. Parrish voting no, the Board ordered that the market value to be used in the assessment of unitary property of the following listed companies as of January 1, 2000 be as follows:
850 Modesto & Empire Traction Company 22,000,000
857 Parr Terminal Railroad 516,000
882 Trona Railway Co. 14,300,000
897 San Joaquin Valley Railroad Company 3,360,000
899 Arizona & California Railroad Company L.P. 4,900,000
Mr. Klehs moved that the fair market value to be used in the assessment of unitary property of the following listed companies as of January 1, 2000 be as follows:
101 Southern California Water Company 334,900,000
103 Anza Electric Cooperative, Inc. 11,400,000
106 Pacificorp 165,200,000
135 Pacific Gas & Electric Company 13,997,700,000
141 San Diego Gas & Electric Company 2,143,000,000
146 Sierra Pacific Power Company 201,200,000
148 Southern California Edison Co. 8,965,400,000
149 Southern California Gas Company 2,765,600,000
152 Southwest Gas Corporation 100,900,000
173 Surprise Valley Electrification Corp 12,600,000
176 Plumas-Sierra Rural Electric Cooperative 21,900,000
184 Avista Corporation 10,400,000
187 Mojave Pipeline Company 124,700,000
188 Kern River Gas Transmission Company 152,000,000
189 Standard Pacific Gas Line Incorporated 21,100,000
190 Tuscarora Gas Transmission Company 73,700,000
194 West Coast Gas Company, Inc. 431,000
The motion failed for lack of a second.
Mr. Andal moved that the market value to be used in the assessment of unitary property of the above listed companies as of January 1, 2000 be the staff recommended values using 80% HCLD rather than 56% HCLD. The motion failed to carry, Mr. Andal and Mr. Parrish voting yes, Mr. Klehs, Mr. Chiang and Dr. Connell voting no.
Upon motion of Mr. Klehs, seconded by Mr. Chiang and duly carried,
Mr. Klehs, Mr. Chiang and Dr. Connell voting yes, Mr. Andal and Mr. Parrish voting no, the Board ordered that the market value to be used in the assessment of unitary property of the following listed companies as of January 1, 2000 be as follows:
101 Southern California Water Company 334,900,000
103 Anza Electric Cooperative, Inc. 11,400,000
106 Pacificorp 165,200,000
135 Pacific Gas & Electric Company 13,997,700,000
141 San Diego Gas & Electric Company 2,143,000,000
146 Sierra Pacific Power Company 201,200,000
148 Southern California Edison Co. 8,965,400,000
149 Southern California Gas Company 2,765,600,000
152 Southwest Gas Corporation 100,900,000
173 Surprise Valley Electrification Corp 12,600,000
176 Plumas-Sierra Rural Electric Cooperative 21,900,000
184 Avista Corporation 10,400,000
187 Mojave Pipeline Company 124,700,000
188 Kern River Gas Transmission Company 152,000,000
189 Standard Pacific Gas Line Incorporated 21,100,000
190 Tuscarora Gas Transmission Company 73,700,000
194 West Coast Gas Company, Inc. 431,000
Dr. Connell stated that she would like for the appeals hearings to be scheduled in early fall this year.
Mr. Andal moved that the fair market value to be used in the assessment of unitary property of GTE California Incorporated (201) be $3,963,128,000. The motion failed for lack of a second.
Upon motion of Dr. Connell, seconded by Mr. Andal and duly carried,
Mr. Andal, Mr. Parrish and Dr. Connell voting yes, Mr. Klehs and Mr. Chiang voting no, the Board ordered that the fair market value to be used in the assessment of unitary property of GTE California Incorporated (201) be $3,963,128,000.
Upon motion of Mr. Andal, seconded by Dr. Connell and duly carried,
Mr. Andal, Mr. Parrish and Dr. Connell voting yes, Mr. Klehs and Mr. Chiang voting no, the Board ordered that the fair market value to be used in the assessment of unitary property of Pacific Bell (279) be $12,908,457,528.
Upon motion of Mr. Andal, seconded by Dr. Connell and duly carried,
Mr. Andal, Mr. Parrish and Dr. Connell voting yes, Mr. Klehs and Mr. Chiang voting no, the Board ordered that the fair market value to be used in the assessment of unitary property of Roseville Telephone Company (294) be $183,586,363.
The Board adjourned at 2:35 p.m.
The foregoing minutes are adopted by the Board on July 26, 2000.