Gov. Davis, SoCal reach $2.8 billion transmission deal

HOUSTON, Feb. 23, 2001–Signaling the possible end of California’s fling with deregulation, Gov. Gray Davis and Southern California Edison Co. (SCE) Friday agreed in principal to return to cost-based regulation of the utility’s power plants and for the state to buy the utility’s transmission system for $2.76 billion.

PORTLAND, Ore., Feb. 22, 2001 – The Bonneville Power Administration is looking for upwards of 1,000 megawatts of new renewable wind power, and it wants the power fast.

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