|
|
Article: SDG&E-Edison merger faces additional setbacks. (San Diego Gas and Electric Co. and Southern California Edison)
- Article from:
- San Diego Business Journal
- Article date:
- February 19, 1990
- Author:
CopyrightCOPYRIGHT 1990 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SDG&E-Edison merger faces additional setbacks
Those rooting for and against the proposed $2.5 billion merger of San Diego Gas & Electric Co. and Southern California Edison have radically different interpretations of recent announcements critical of the proposal.
Merger critics view state Atty. Gen. John Van de Kamp's recent opposition of the proposed merger as a victory, strengthened by a Public Utility Commission staff report a day later. The PUC's Division of Ratepayer Advocates charged in a Feb. 8 report that the merger, as structured, should be rejected because it would not produce long-term benefits for utility customers. The report also said the ...