1       BEFORE THE CALIFORNIA STATE BOARD OF EQUALIZATION

            2                         450 N STREET

            3                    SACRAMENTO, CALIFORNIA

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            7                     REPORTER'S TRANSCRIPT

            8                       DECEMBER 14, 2011

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           11                      FINAL ACTIONS (AM)

           12                           E1 AND E2

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           14                           ---O0O---

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           20                     Reported by:  Juli Price Jackson 

           21                                   No. CSR 5214

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            1                         P R E S E N T

            2   

            3   For the Board                       Jerome E. Horton
                of Equalization:                    Chairman
            4   
                                                    
            5                                       Michelle Steel
                                                    Vice-Chairwoman
            6        
                
            7                                       Betty T. Yee 
                                                    Member
            8   
                                                                      
            9                                       John Chiang
                                                    State Controller 
           10                                       
                                                    
           11                                       Diane G. Olson
                                                    Chief, Board  
           12                                       Proceedings Division
                
           13   

           14   

           15                           ---oOo---

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           19                 

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            1                                   450 N STREET

            2                                   SACRAMENTO, CALIFORNIA 

            3                                   DECEMBER 14, 2011

            4                           ---oOo---

            5            MR. HORTON:  Members, we're going to take up 

            6   E1.

            7                           ---o0o---

            8               E1  GILL RANCH STORAGE, LLC (121)

            9                        NO. 577341 'CF'

           10                           ---o0o---

           11            Discussion, Members?

           12            Is there a motion?  

           13            MS. YEE:  Move to adopt the staff 

           14   recommendation.  

           15            MR. HORTON:  Moved by Member Yee to adopt the 

           16   staff recommendation.  

           17            Is there is a second.  

           18            MR. CHIANG:  Clarification, staff's revised 

           19   recommendation?

           20            MS. YEE:  Yes, I'm sorry.

           21            MR. CHIANG:  Thank you.  

           22            MR. HORTON:  Is that a second?  

           23            MR. CHIANG:  Yes.  

           24            MR. HORTON:  Objection, Members?  

           25            Hearing none, such will be the order.    

           26            MS. OLSON:  Did you want to take up E2?  It was 

           27   a waived appearance

           28            MR. HORTON:  Yes.




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            1            MS. YEE:  Oh, actually, I'm sorry, I was 

            2   confused, Mr. Chairman.  

            3            I'm sorry, Mr. Chiang, I don't believe there 

            4   was a revised staff recommendation on this one, was 

            5   there?  

            6            No.  

            7            MR. CHIANG:  I have two.  

            8            MR. HORTON:  I have a revised as well.

            9            MS. YEE:  That was -- I thought that was the 

           10   Respondent's revised recommendation.  

           11            Oh, I'm sorry, there was -- 

           12            MR. EPOLITE:  Mr. Chairman?

           13            MS. STEEL:  Mr. Chiang?

           14            MS. YEE:  -- was it revised?  Okay.

           15            I'm sorry, 200 -- 200,400,000?

           16            MR. EPOLITE:  Correct.

           17            MS. YEE:  Okay, yes, okay.  

           18            MR. HORTON:  Okay.

           19            MS. YEE:  Thank you.

           20                           ---o0o---

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            1            MR. HORTON:  E2, Members.  

            2                           ---o0o---

            3             E2  SUREWEST TELEPHONE COMPANY (294)

            4                        NO. 577341 'CF'

            5                           ---o0o---

            6            MS. OLSON:  Discussion?

            7            Is there a motion?

            8            MS. YEE:  Move to adopt the staff revised 

            9   recommendation, reducing the value to 144,700,000 to 

           10   134.  

           11            MR. CHIANG:  134.2?

           12            MS. YEE:  Yes.

           13            MR. CHIANG:  Correct, second.  

           14            MR. HORTON:  There's a motion and a second.  

           15            Objection, Members?  

           16            Hearing none, such will be the order.  

           17                           ---o0o---

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            1                    REPORTER'S CERTIFICATE

            2   

            3   State of California    )

            4                          )  ss

            5   County of Sacramento   )

            6   

            7            I, JULI PRICE JACKSON, Hearing Reporter for the 

            8   California State Board of Equalization certify that on 

            9   DECEMBER 14, 2011 I recorded verbatim, in shorthand, to 

           10   the best of my ability, the proceedings in the 

           11   above-entitled hearing; that I transcribed the shorthand 

           12   writing into typewriting; and that the preceding pages 1 

           13   through 5 constitute a complete and accurate 

           14   transcription of the shorthand writing.

           15   

           16   Dated:  DECEMBER 22, 2011

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           19                          ____________________________

           20                          JULI PRICE JACKSON

           21                          Hearing Reporter

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