Summary: Application establishing compliance with RCW 80.08.040, with respect to its proposal to (1) issue its promissory notes to and borrow from commercial banks for (a) not more than $750,000,000 under revolving credit agreements, and (b) not more than $1,000,000,000 under other borrowing arrangements; and (2) issue and sell its commercial paper in principal amounts not to exceed $1,000,000,000 outstanding at any one time.