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The following table shows balances of total audited assets and proposed disbursements as <br />of June 30, 2003 and current balances as of April 15, 2004 and target dates of distribution. <br />Audited Interim <br />Balances Balances <br />6/30/2003 4/15/2004 <br />($'MM) ($'MM1 <br />Total Assets <br />23.84 24.36 <br />Payable to Members <br />PG&E Distribution* <br />Other <br />Members' Balancing <br />Account <br />Status <br />Will increase by accrued <br />interest net of operating <br />expenses <br />.Target <br />Distribution <br />As stated <br />below <br />18.27 18.83 Will not change 6/15/2004 <br />5.41 5.41 Will not change 6/15/2004 <br />0.16 0.12 Will decrease by operating 03/31/05, <br />expenses after the FY 04 <br />audit <br />Total Disbursements 23.84 24.36 <br />* On February 18, 2004, the Executive Committee approved: (a) retaining $100,000 from <br />the DA Credit settlement to pay for wind up expenses after June 3, 2004 (the residual <br />balance in the hold back fund will be distributed before July 1, 2010), and (b) applying <br />approximately $640,000 from the DA Credit settlement to pay "Other" (Working Capital). <br />Wind Up Agreement-Attmt C- 4-28-04 cln <br />