California PUC approves Southern California Edison bailout provisions

HOUSTON, Texas, June 14, 2001 — The California Public Utilities Commission Thursday approved elements of a deal to rescue Southern California Edison Co. from potential bankruptcy, but delayed action on one of the most controversial provisions until later in the month.

DENTON, Texas, June 13, 2001 — PG&E Corporation’s National Energy Group today announced an agreement with the City of Denton, Texas, to purchase and operate the municipality’s electric generating facilities and provide a five-year “full service requirements” wholesale power-supply contract.

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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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