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Enron Mail |
The Senate did not take up the SCE MOU prior to adjourning. All Assembly
bills which passed out of their house of origin but were not heard in the Senate are automatically held, and all Senate bills which were amended in the Assembly but needed to go back to the Senate for concurrence are automatically held. Those bills include, among others: ABX2 2 (Corbett) Windfall profits tax SBX2 1 (Soto/Scott) Windfall profits tax SBX2 78 (Polanco) SCE MOU ABX2 65 (Cardoza) Market power SBX2 27 (Bowen) Direct access SBX2 39 (Speier) CPUC regulatory expansion SB 532 (Sher) Renewable portfolio standard AB 57 (Wright) CPUC reasonableness review Governor Davis issued the following statement in response to the Senate's failure to pass the MOU. This statement was issued prior to adjournment and Senator Burton indicated that he may not be willing to comply with the Governor's request for a third special session, however this is subject to change. If a third special session is called, the above-referenced bills could be reactivated: GOVERNOR DAVIS COMMENTS ON FAILURE OF SENATE TO APPROVE EDISON LEGISLATION Will Call 3rd Special Session to Keep Edison from Bankruptcy SACRAMENTO Governor Gray Davis made the following comments after legislation designed to restore Southern California Edison to creditworthiness failed to win approval in the California State Senate. "I am proud of the work done by the Assembly to get the State out of the business of buying electricity by restoring Edison to creditworthiness. Unfortunately, however, the Senate has not gotten the job done. "It is critical to keep Edison solvent so that we do not lose 3,000 Megawatts of power from renewable energy and small power producers. We worked hard to bring this energy, which was crucial in avoiding blackouts, back on-line earlier this summer. "I will call a Third Extraordinary Session, which will begin in approximately two weeks, so that Edison can avoid bankruptcy. Edison has assured me that it will not seek bankruptcy and that it believes that its creditors will continue to show restraint." ###
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