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Added Agenda Item Federal Energy Regulatory Commission Rate <br /> Adjustment 'Proceedings • <br /> (Executive session during lunch hour) <br /> Mr. McDonald briefly outlined the status of the Board's <br /> intervention in the FERC rate setting proceeding. <br /> Following the executive session, Mr. McDonald reported, in <br /> the public session, that the Board took .the_ following__actions : <br /> 1. The State would offer a stipulated settlement in the <br /> case which would include the following: <br /> a. The Board would allow the rate to be confirmed. <br /> b. The Board would not oppose the rate with the <br /> provision that this would not prejudice the Board' s future <br /> involvement. <br /> c. Mr. McDonald would ask for an extension to the <br /> 20-day period until after the March Board meeting so that the <br /> Board can review and approve the settlement documents that the <br /> Attorney General will be requested to draft. <br /> FED:tam • <br /> • <br /> • <br /> • <br /> -12- <br />