Ogden announces increased earnings estimates for 2000 and 2001

Ogden expects to record recurring base EBIT for the full year 2000 in excess of $100 million, up from the previously announced recurring base EBIT projection of modestly above $95 million. Recurring base EBIT for the full year 1999 was $80.3 million.

Jan. 4, 2001–As expected, the California Public Utilities Commission Thursday adopted temporary rate increases which Southern California Edison Co. and Pacific Gas & Electric Co. said are insufficient to cover the cost of purchasing wholesale electricity.

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