California rejects electricity provider choice

SAN FRANCISCO, Sept 20, 2001 – The California Public Utilities Commission (PUC) voted today to stop electricity provider choice, a major portion of California’s deregulation plan.

The California PUC voted 3 to 2 to immediately suspend “direct access” to independent power retailers, Reuters News Service reported.

The results of the vote will allow the state to use revenue from retail power sales to pay for a $12.5 billion bond issue, planned later this year. The Department of Water Resources spent $12.5 billion on emergency power purchases when the utilities could no longer make them.

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