1. Liaison Report CREPC Liaison Report Lou Ann Westerfield Idaho Public Utility Commission Market Interface Committee March 6-7, 2008

2. Joint WIEB, WIRAB, and CREPC Meeting ● Next CREPC Meeting ● April 3 – 4, 2008 ● San Diego, California – Horton Grand Hotel ● Agenda can be found at: ● http://www.westgov.org/wieb/meetings/ crepcsprg2008/04-08agen.htm http://www.westgov.org/wieb/meetings/ crepcsprg2008/04-08agen.htm

3. Joint WIEB, WIRAB, and CREPC Meeting ● Joint Western Interstate Energy Board (WIEB), Western Interconnection Reliability Advisory Board (WIRAB), and CREPC Workshop on Assessments, April 3, with the following agenda: ● How to Assess the Transmission Expansion, Resource Adequacy, and Operational Impacts of Significant Renewable Generation in the Western Interconnection: A Key Building Block to a Low Carbon Resource Assessment ● Assessment Task: Low Carbon Resource Mix in 2018 (CO2 Levels 15% Below 2005 Levels in 2020) ● WIRAB has requested that WECC include this scenario, which is the goal of the Western Climate Initiative, in its 2008 transmission expansion studies

4. Joint WIEB, WIRAB, and CREPC Meeting ● CREPC Business Meeting, April 4  Reports on –  Southwest Wind/Solar Integration Study – National Renewable Energy Lab (NREL)/West Connect  Western Renewable Energy Zones Project – Western Governors’ Association/WIEB Staff  Developments at FERC and DOE  Western Climate Initiative Update  Two Generation Options oWind/Coal Hybrid – Lawrence Berkeley National Laboratory oConcentrating Solar Power – NREL ● Creation of an Ongoing Western Interconnection Resource Planning Forum

5. Joint WIEB, WIRAB, and CREPC Meeting ● Berkeley Lab is pleased to announce the release of a new report, “Reading the Tea Leaves: How Utilities in the West Are Managing Carbon Regulatory Risk in their Resource Plans,” prepared at the request of the Western Interstate Energy Board.

6. Joint WIEB, WIRAB, and CREPC Meeting ● Uncertainty in the nature and timing of future greenhouse gas regulations poses substantial financial risks for electric utility ratepayers and shareholders. Long-term resource planning provides a potential framework within which these risks can be systematically assessed and managed. In this study, we examine the current treatment of carbon regulatory risk through a comparative analysis of the most-recent long-term resource plans filed by fifteen major utilities in the Western U.S.

7. Joint WIEB, WIRAB, and CREPC Meeting ● The report can be downloaded at: ● http://eetd.lbl.gov/ea/emp/rplan- pubs.html http://eetd.lbl.gov/ea/emp/rplan- pubs.html ● A PowerPoint presentation based on the report can be found at: ● http://eetd.lbl.gov/ea/emp/emp-ppt.html http://eetd.lbl.gov/ea/emp/emp-ppt.html