Gino DiCaro

SCE Economic Development Rate

By Gino DiCaro, VP, Communications

Capitol Update, April 9, 2004 Share this on FacebookTweet thisEmail this to a friend

On Tuesday, April 6, Southern California Edison (SCE) proposed to the Public Utilities Commission an Economic Development Rate to help offer electricity discounts to businesses that are struggling or might leave the state. Unfortunately, the plan may not benefit more than a handful of customers. Below is an official statement by Jack Stewart delivered to the media on Thursday:

"We appreciate that SCE recognizes that industrial customers, hit hard with massive rate increases three years ago, desperately need lower electricity rates to stay competitive in California. However, this tariff imposes strict requirements that may allow only a few companies to qualify. California manufacturers will not thrive in the new global economy unless California has a state energy policy that provides competitive choices and ensures utility rates are fair to all industrial customers."
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