california refund proceeding stayed indefinitely ferc issued an order this morning staying indefinitely the california refund proceeding . in its order ( attached ) , ferc notes that many requests for rehearing are pending and ferc intends to act on those requests soon . ferc states that if it were to grant rehearing , it could affect the refund calculations being determined in the hearing proceeding , so ferc is staying the hearing proceeding until further order from the commission . while we don ' t know what ferc will say on hearing , it is very likely that the rehearing order will be a significant departure from the july 25 order . we will let you know of any further developments . if you have any questions , please let me know ( 202 ) 466 - 9160 . sarah