Article Abstract:
The state of California has cut rates for electrical power for most San Diego, CA, residents in a move representing a retreat of sorts from utility deregulation. The state Public Utilities Commission also approved a rate cut for small businesses and school districts in San Diego, where rates had doubled or quadrupled due to the summer heat. The sharp increases in power bills in summer 2000 have prompted demands for a repeal of deregulation and elicited fear in other California regions that are scheduled to begin purchasing electricity on the open market as early as 2001.
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Southern California Edison Co must pay its bills to continue serving costumers in California. While the utility had about $1.2 billion of cash as of Jan 15, 2001, it will run out of cash if it pays its bills on Feb 2. Edison, which suspend at least $596 million in payments to creditors, owes $215 million to the California Power Exchange as well as to other private power generators, such as Dynergy. Also, Pacific Gas and Electric Co says it will run out of money within weeks. The two utilities serve 24 million customers in the state.
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Warner Bros and Twentieth Century Fox have drawn up independent measures to prevent rated-R movies from being marketed to children. Both studios said they will no longer run trailers for rated-R films on movies rated G and PG. The two companies will also stop advertising rated-R films on network shows in which 35% of the audience is made up by children below 17. Warner Bros would add more information to the R rating logo, 'v' for violence, 'l' for language and 's' for sex.
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