May 15, 2001
The California Public Utilities Commission (CPUC) today enacted its new tiered-rate design that determines how utilities should collect the 3-cent rate increase the commission enacted on March 27 to cover future procurement costs. Following is SCE's response to the decision.
ROSEMEAD, Calif., May 15, 2001-We view the tiered-rate design adopted today by the CPUC as generally workable for collecting the commission's March 27 rate increase. The plan contains key elements we have advocated, including protection from rate hikes for customers enrolled in our income-qualified C.A.R.E. program and those who run energy-efficient homes and businesses.
We are assessing the exact impact the commission's final plan will have on customers it affects and will make available that assessment when it is completed. Meanwhile, we stand ready to assist all customers with energy-efficiency information and rebates as they respond to this consumption-based rate increase. Information can be found on our customer Web site www.sce.com.
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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.
