California Utilities Sue to Halt Deregulation Challenge

California Utilities Sue to Halt Deregulation Challenge

A coalition of California`s investor-owned utilities and business groups filed a lawsuit to stop a ballot initiative aimed at overturning parts of the state`s 1996 electricity deregulation law. The coalition said in a statement the costly voter initiative violates the state constitution because it interferes with a bond issue and attempts to override provisions that control public utilities. Under the state plan, Southern California Edison, Pacific Gas & Electric Co. and Enova Corp. were allowed to issue special 10-year notes to pay down their stranded costs. So far, the utilities have issued more than $7 billion of the new debt. A coalition of consumer groups, led by Consumers Union and The Utility Reform Network, announced that more than 700,000 signatures had been gathered, which would ensure a spot for the initiative on the November ballot.

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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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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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