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SoCal Edison Creditors Growing Impatient.(Southern California Edison)(Brief Article)(Statistical Data Included)
Santa Ann, CA-Creditors, increasingly impatient with the California legislature's stalled attempts to craft a bailout plan for Southern California Edison, seemed ready in late September to force the utility into bankruptcy. Some observers said the bankruptcy was both inevitable and imminent.
The legislature adjourned for the year after the state Assembly approved a $2.9 billion rescue plan only to see the bill stall in the Senate over concern that it was too generous. Gov. Gray Davis (D) ...
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