Southern California Public Power Authority
NOTICE OF MEETING
Finance Committee

NOTICE IS HEREBY GIVEN by the undersigned, as the Executive Director of the Southern California Public Power Authority, that a regular meeting of the Finance Committee (the “Committee”) of the Board of Directors is to be held as follows:

The following matters are the business to be transacted and considered by the Committee.

1. Investment Reports
   The Committee will review the Investment Reports for the month of May 2008 and June 2008, and the quarter ended June 30, 2008, and forward the reports to the Board for receipt and filing.

2. VRDO/ARS Market Update
   Public Financial Management (PFM) will provide the Committee with an update of VRDO and ARS market issues..

3. Palo Verde 1996 B and 1996C Series Refunding
   PFM will provide the Committee with an update of the refunding in connection with the AMBAC-insured VRDO program for the Palo Verde Series 1996 B and 1996 C Series.

4. Mead-Adelanto/Mead-Phoenix 2004 Series Refinancing
   PFM will update the Committee on the VRDO refinancing of the Mead-Adelanto/Mead-Phoenix 2004 Series A bonds. The Committee will recommend the necessary actions for Board approval in connection with the refinancing.

5. STS Upgrade
   The Committee will review the term sheet provided by Merrill Lynch in connection with the proposed financing facility for the Southern Transmission System Upgrade.

6. Canyon Power Project – Interim Financing
   The Committee will review the responses to the Request for Proposal and recommend the selection of an underwriter in connection with Anaheim’s request to establish an interim financing facility for the purchase of turbines and other costs in connection with the Canyon Power Project.

7. Review of Responses for Renewable Energy Project Financing
   PFM will provide a summary of the pricing proposals in connection with the responses and presentations provided by the underwriting firms interviewed to provide Renewable Energy Project Financing in regards to the Windy Point and Northwest Wind Partners, LLC Projects. The Committee will recommend the selection of the underwriter(s) for the proposed wind projects for Board approval.

8. Briefing on LADWP Lawsuit with Financial Firms
   The Committee will review Anaheim’s request to establish an interim financing facility for the purchase of turbines in connection with the Canyon Power Project.

9. Tieton Hydro Power Purchase Update
   The Committee will receive an update regarding the purchase of the interests in the Tieton Hydropower facility located in Washington through a Purchase and Sales Agreement and Power Purchase Agreement.

10. Ice Energy Presentation Follow-Up
    The Committee will assess the level of Member interest in connection with a presentation that was given at the July meeting regarding ownership opportunities and potential financing in connection with the purchase of Ice Bear units..

11. Gas Prepayment Project No. 2 Update
    The Committee will receive an update on the Gas Prepayment Project No. 2.

12. Unsolicited Proposals
    PFM will provide a summary of the unsolicited proposals received.
    

Dated: July 31, 2008

BILL D. CARNAHAN
Executive Director
Southern California Public Power Authority

SCPPA

Committees