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6.Apex Project <br />Mario Ignacio (LADWP) updated the Committee regarding the selection of the underwriting team for <br />upcoming bond financing. Goldman Sachs was chosen as the Sr. Underwriter with Ramirez as the Co- <br />Sr. Underwriter. Barclays, RBC and BAML will operate as Co-Managers on the transaction. <br />7.Green House Gas Allowance Credits <br />The Committee discussed the accounting treatment for value of Green House Gas Allowance Credits. <br />The Committee decided to request an official opinion letter from Moss Adams, the SCPPA Financial <br />Auditor, for the treatment to be followed by all SCPPA members. <br />THE NEXT REGULARLY SCHEDULED <br />FINANCE COMMITTEE MEETING WILL BE NOVEMBER 4, 2013.