LOS ANGELES (AP) — Negotiations between the state and ailing Southern California Edison included a draft proposal that could mean another rate increase for its customers, a newspaper reported.
The Los Angeles Times reported Monday it obtained a 40-page draft memorandum of understanding, dated last week, that among other things could obligate Edison customers to help pay the utility's multibillion debt through a "dedicated rate component" — potentially a rate increase — even if no power line deal was reached.
The component, which wasn't specified, wouldn't show up in bills for two years, according to the draft.