Word: edisonizing
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...nemesis, launched the nation's first and most sweeping electric deregulation plan. Enthusiastically endorsing the scheme were utilities, lawmakers and environmental and consumer-advocate groups. The goal enunciated by Republican Governor Pete Wilson was to bust up the monopolies held by utilities like Pacific Gas & Electric and Southern California Edison (SCE). They in turn would be free to purchase and market power in the state as well as to pursue business elsewhere. PG&E, for instance, owns 30 plants outside California...
...Davis became a power broker. Literally. He got on the phone and had some juice shifted to the needy north from South California Edison; then he wheedled 133 megawatts from an out-of-state generator, as if he were borrowing a cup of sugar from a neighbor. The lights didn't go out that day, but from that moment it became clear that Davis' political future would be calibrated in megawatts--or the lack thereof...
...guess what - the utilities are running out of money. Southern California Edison, the state's second biggest utility, said in federal securities filings Tuesday that it was skipping debt payments and was on the brink of bankruptcy. Pacific Gas & Electric Co. says it's not far behind, and indeed its credit has been downgraded to junk bond status...
...shop around for the best deal from a range of suppliers. But all those new suppliers never showed up, and for the utilities, there's not a good deal to be found. The wholesale price that they pay has jumped tenfold. Pacific Gas and Electric and Southern California Edison, which aren't allowed to pass on the full market rate to customers until mid-2002, have had their stocks hammered and credit ratings slashed. Now they are $12 billion in the hole and on the verge of bankruptcy; late last week SCE laid off 13% of its work force. "Between...
...extending the hours students spend in their clutches far beyond the typical seven-hour school day and 180-day school year by increasing after-hours classes and activities. And one of the most attractive features of many charter schools is their protracted school days and years. For example, Edison Schools, which are run by a private management firm for local school districts, are open for business eight hours a day, 198 days a year. In the long run, the extra lessons add up to four additional years of schooling...