California struggles again to keep the lights on

Complicating Tuesday’s emergency was a default by Southern California Edison Co. (SCE) Tuesday on debt payments to creditors, including the California Independent System Operator and the California Power Exchange. That is making it difficult to buy power, officials for the grid operator conceded.

Jan. 16, 2001—Credit-rating agency Moody’s Investors Service cut ratings on $9.3 billion of Southern California Edison Co. (SCE) and its parent Edison International’s debt to noninvestment grade after SCE said it was defaulting on payments due creditors Tuesday.

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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

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