Audit: Southern California Edison transferred billions to parent

The PUC wanted more financial data to help state officials decide what type of relief is needed, if any, to prevent the second largest utility in California from going bankrupt. The utility has amassed $4.49 billion of debt representing the difference between its cost of wholesale power and the amount collected from consumers for that power.

OLYMPIA, Wash., Jan. 30, 2001 (BUSINESS WIRE)—Washington Attorney General Christine Gregoire confirmed today that her office is investigating allegations that there may be price manipulation and unfair business practices behind the region’s energy crisis.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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