1. Rates Update Sean Sanderson Acting Rates Manager April 22, 2008

2. Slide 2 CVP Transmission Rate Previous Rates (effective October 1, 2007 through March 31, 2008) New Rates (effective April 1, 2008) Service Rate or Revenue Requirement Applicable Rate Schedule Rate or Revenue Requirement Applicable Rate Schedule CVP Transmission Rate - monthly ($/kW-Month) $ 1.13 kW-month CV-T2$ 1.15 kW-month CV-T2 CVP Transmission Rate - hourly (mills/kWh) 1.54 mills/kWh CV-T21.57 mills/kWh CV-T2 CVP Network Integrated Transmission Service (NITS) Revenue Requirement ($/month) $ 2,046,703 monthly CV-NWT4$ 2,036,501 monthly CV-NWT4

3. Slide 3 PACI Transmission Service Previous Rates - Winter (effective November 1, 2007 through March 31, 2008) New Rates – Spring (effective April 1, 2008) Service Rate or Revenue Requirement Annual Revenue Requirement (ARR) Rate or Revenue Requirement Annual Revenue Requirement (ARR) PACI Transmission Rate - ($/MW-month) $ 881.00$ 4,488,474$ 973.00$4,178,853 PACI Transmission Rate - ($/MWh) $ 1.22$ 4,488,474$ 1.33$4,178,853

4. Rates Public Process Calendar (see handout) Reminder: if any one has staff planning to attend the Informal Rate Process meetings who are not US citizens, please contact Sean Sanderson ASAP.

5. Questions???