SCE Responds to Governor's Statement on Resolving Undercollections

February 09, 2001

February 9, 2001

ROSEMEAD, Calif., Feb. 9, 2001-Southern California Edison said today that it had not reached an agreement to resolve its lawsuit against the California Public Utilities Commission.  A hearing before Judge Ronald S. W. Lew on SCE's request for an order that it is entitled to recover past procurement costs and for a preliminary injunction is scheduled for Monday in U.S. District Court in Los Angeles. 

The company said that the governor had indicated in a meeting yesterday with Edison executives that the state hoped to bring forward a proposal to resolve the undercollection matter toward the end of next week.  SCE said it would consider carefully any such proposal, but remains very concerned about continuing delays at the state level in resolving this serious situation.

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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.