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Article: Businesses Already Fighting Utility Dereg Initiative
- Article from:
- Orange County Business Journal
- Article date:
- July 6, 1998
- Author:
CopyrightCopyright Orange County Business Journal Jul 6, 1998. Provided by ProQuest LLC. (Hide copyright information)
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The state's utility industry and major business groups began mobilizing opposition last week after an initiative that would gut the state's electric utility deregulation law qualified for the November ballot.
Qualification of the initiative also set in motion a high-stakes legal battle that will determine the fate of deregulation in California, and with it, the hopes of companies seeking lower energy costs.
"I am concerned that once you start unraveling the deregulation process, as this initiative attempts to do, you can't stop it," said Michael Burke, executive vice president of New Energy Ventures, a Los Angeles-based electric service provider formed two years ago in anticipation of ...