The word “security” no longer means what it used to mean. Now, “security” means gates, guards and guns. It means protecting critical assets with a multi-layered cyber and physical perimeter. It...
(1) the regulatory rate freeze imposed under the state's restructuring scheme,
(2) the state-imposed duty to serve that forced Edison to supply electricity to retail customers regardless of price, and
(3) the Jan. 4 order by the state public utility commission that Edison said barred it from obtaining funds to meet its payment obligations to the PX.