The California Public Utilities Commission (CPUC) has decided to adopt a "wait and see" approach in general rate proceedings for utilities affected by its generic industry restructuring case. Southern California Edison Co. asked the CPUC to postpone ruling on marginal cost, rate design, and cost-allocation issues in its 1995 general rate case until it issues a policy order in the restructuring proceeding. The CPUC delayed until May further action on most issues in the costing and rate design phase of the case, noting that any current decisions might require significant revision later in order to implement industry restructuring. Nevertheless, the CPUC noted that further delays would put ratepayers at risk of significant price distortions, since the utility's last rate case was in 1991. It added that the timing of a decision in the restructuring case was uncertain, and would depend on activity in the state legislature and budget cuts. Re Southern California Edison Co., Application 93-12-025, I.94-02-002, Decision 94-11-022, Nov. 9, 1994 (Cal.P.U.C.).
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