Business Services Industry
California Supreme Court to Take Commission's Utility Bailout Case.
Knight Ridder/Tribune Business News, November, 2002
By Claire Cooper, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News
Nov. 21--SAN FRANCISCO--The California Supreme Court on Wednesday took over a dispute in which federal judges appeared ready to slap down plans by the state Public Utilities Commission to rescue the state's two biggest utilities.
The state justices gave no indication of what their ultimate decision on the controversy will be. The ruling could be up to a year away.
But their intervention was good news for the utilities as they prepared to resume their traditional roles as the state's main power procurers early next year.
Two months ago, in response to a suit filed by consumer advocates, the 9th U.S. Circuit Court of Appeals said the PUC's plan for...
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