Monday, November 06, 2006

Step up, get your $23!

Well, much less than that for us apartment dwellers, no doubt.
Hearings were held in Rosemead to determine what amount Edison should refund to its customers. Under PUC rules, Edison can collect additional profits if its customer service numbers are good (aka "Performance-Based Rate-Making"). Perhaps unsurprisingly, the 37-employee unit in charge of the surveys conducted mass fraud to boost those numbers. As a result, Edison collected $48 million more in profits than it should have. The Utility Reform Network (TURN) is asking the PUC for another $70 million in penalties. Full San Gabriel Valley Tribune story

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