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Politics : Formerly About Advanced Micro Devices

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To: Duncan Baird who started this subject	3/26/2001 1:20:19 PM
From: tejek	Read Replies (2) of 1570343

Finally, a move in the right direction. ____________________________________________________________ California May Raise Electricity Rates Could Rise by 50 Percent .c The Associated Press SACRAMENTO (March 26) - The state's top energy regulator will propose raising electricity rates Tuesday in the hope of forcing conservation on power-hungry consumers. Large energy users and residential customers will be hit with the largest increases starting in May, Loretta Lynch, president of the California Public Utilities Commission, told the Los Angeles Times. Some sources have speculated rates could rise by up to 50 percent but Lynch said she wasn't sure how high they would go. The PUC can vote to raise rates and set up the exact structure later, Lynch added. The increase will come on top of the 9 to 15 percent increase the PUC approved in January - and an additional 10 percent increase already scheduled for next year. Lynch said she supported a ''tiered'' rate system that charges residents and businesses more if they're large users and fail to cut back. ''Tiered rates make sense to encourage conservation,'' Lynch said, ''because we know we're going to have supply problems this summer.'' Lynch and two other members of the five-member commission are Gov. Gray Davis appointees, and it appears likely that Lynch has enough votes for the increase, the Times reported. Davis has said repeatedly he is confident the state's power crisis can be resolved without further rate hikes. But Davis aides have concluded that rates must rise, given that wholesale power costs remain high. Southern California Edison and Pacific Gas & Electric, the state's two largest utilities, have both pushed for rate increases. PG&E and Edison say they've lost more than $13 billion since summer because of high wholesale electricity costs that California's 1996 deregulation law prevents them from collecting from their customers. AP-NY-03-26-01 0859EST Copyright 2001 The Associated Press.

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