September 27, 2001
Governor Gray Davis today issued a proclamation reconvening the California Legislature on October 9, 2001 for a third special session "to enact legislation to end the state's emergency role as a power buyer and keep the state's second largest utility solvent." Following is SCE's response by Vice President of External Affairs Brian Bennett.
ROSEMEAD, Calif., September 27, 2001-We support the governor's call for further deliberation by the Legislature on a utility recovery plan agreeing that this is a time of great economic uncertainty and another utility bankruptcy is not in anyone's interest.
We recognize the complexity of the task undertaken by state leaders and urge patience by all parties believing strongly that a negotiated solution is preferable to bankruptcy.
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An Edison International company, Southern California Edison is one of the nation's largest electric utilities, serving a population of more than 11 million via 4.3 million customer accounts in a 50,000-square-mile service area within central, coastal and Southern California. For more information on the California electricity crisis, see www.sce.com.