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FINANCIAL IMPACT: <br />The Transitional Agreement with Sempra would cost $10,000 per month for three months ($30,000). Funds are <br />allocated in the 1999-2000 fiscal year budget account number 520-8000-8001-2330-0555. This agreement <br />relieves Sempra from any outstanding claim with the system operator for the GMC ($94,000) and any adverse <br />outcome of an Edison audit on profit sharing with Sempra ($200,000). <br />ENVIRONMENTAL IMPACT: None. <br />RECOMMENDATION: <br />Staff recommends that the City Council approve the attached transitional Post -Settlement contract with Sempra <br />Energy Trading. <br />Report Prepared by: Nitin Modi, Electrical Engineering Manager <br />Page 2 of 2 (with attachment: Contract with Sempra Energy Trading) <br />