Edison Comments on MOU Reached Between Sempra/SDG&E and State of California

June 18, 2001

June 18, 2001

The following statement was released today in response to Governor Gray Davis' announcement of a Memorandum of Understanding agreement reached by Sempra Energy/San Diego Gas & Electric (SDG&E) and the State of California.

ROSEMEAD, Calif., June 18, 2001-Today's announcement is a major step toward ensuring financial health for SDG&E and stabilizing the power crisis in San Diego County, where it began one year ago.
 
We remain hopeful that the Legislature and the California Public Utilities Commission will now take the necessary steps to stabilize the power crisis for the 11 million people and 550,000 businesses served by Southern California Edison in the counties of Los Angeles, Orange, Ventura, San Bernardino, Riverside, Imperial, Santa Barbara, Inyo, Mono, Kern, Kings, Tulare, Fresno, Madera, and Tuolomne.

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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.