 not work because right now, there 
is nowhere they can buy cheap electricity. 
"We're very concerned that separating the core from the noncore means we will 
experience extreme rate hikes over the next two years," said D.J. Smith, a 
lobbyist for the California Large Energy Consumers Association. 
"When you add blackouts, the multiple interruptions of production and another 
potentially huge rate hike, the result would be catastrophic to the economy," 
Smith said. 
Added Dorothy Rothrock, a lobbyist for the California Manufacturers and 
Technology Association: "What's the rationale for the noncore to be paying 
the entire Edison undercollection? It sounds to me like just pure politics. 
They don't want voters to pay because they vote." 
CONSUMER ADVOCATE SMELLS A RAT 
Harvey Rosenfield, head of the Foundation for Taxpayer and Consumer Rights, 
said he thought the plan would eventually turn into a bailout as business 
interests muscle lawmakers into pushing some portion of Edison's debt onto 
residential and smaller commercial customers. 
"I think it's a trick. We've seen this same tactic used at the Public 
Utilities Commission, where what were supposed to be rate increases for big 
business end up costing more for residential and small businesses," 
Rosenfield said. 
The new plan also does not include the outright purchase of Edison's part of 
the transmission system that loops electricity around the state. 
Davis backs buying the lines for $2.7 billion. Democrats have insisted that 
for the state's financial help, taxpayers receive something of value. 
Republicans have insisted that they will back no proposal that includes state 
purchase of transmission lines. 
In the new proposal, the state would have a five-year option to buy the 
transmission lines for $1.2 billion -- the book value of the asset. 
In addition, the utility would make $1.5 billion available to the state to 
either purchase other assets -- such as Edison's hydroelectric facilities, 
for example -- or use it in partnership to build new power plants.

PHOTO; Caption: "If people are to be pigheaded about it, we won't solve any 
problems," said Assemblyman Fred Keeley
not work because right now, there 
 is nowhere they can buy brassy electricity. 
 " We're very implicated that separating the core from the noncore mean we will 
 feel extreme rate hikes over the following two years, " said D.J. Smith, a 
 lobbyist for the California Large Energy Consumers Association. 
 " When you lend blackouts, the multiple interruptions of output and another 
 potentially huge rate hike, the solution would be catastrophic to the economy, " 
 Smith say. 
 Added Dorothy Rothrock, a lobbyist for the California Manufacturers and 
 Technology Association: " What's the rationale for the noncore to be paying 
 the entire Edison undercollection? It sounds to me like just arrant politics. 
 They don't want voters to pay because they vote. " 
 CONSUMER ADVOCATE smack A RAT 
 Harvey Rosenfield, head of the Foundation for Taxpayer and Consumer Rights, 
 said he thought the plan would finally turn into a bailout as occupation 
 interests muscle lawmakers into push some portion of Edison's debt onto 
 residential and smaller commercial customers. 
 " I think it's a trick. We've see this same tactic used at the Public 
 Utilities Commission, where what were supposed to be rate increases for big 
 business end up costing more for residential and small businesses, " 
 Rosenfield say. 
 The new plan besides does not admit the outright purchase of Edison's part of 
 the transmission system that loop electricity around the department of state. 
 Davis backs buying the line for $ 2.7 billion. Democrats have insisted that 
 for the state's financial help, taxpayers receive something of value. 
 Republicans have importune that they will back no proposal that includes state 
 leverage of transmission note. 
 In the newfangled proposal, the state would have a five - year choice to buy the 
 transmission lines for $ 1.2 billion -- the book value of the asset. 
 In addition, the utility would make $ 1.5 billion available to the state to 
 either purchase early assets -- such as Edison's hydroelectric facilities, 
 for example -- or use it in partnership to build fresh power plant. 

 PHOTO; Caption: " If citizenry are to be pigheaded about it, we won't solve any 
 trouble, " said Assemblyman Fred Keeley
 noh work because right now, there 
is nowhete they ran buy cheap euectricity. 
"We're very concernxd tyat stiarating the core froo the nonbore meanw we qill 
expermsnce exbxeme dwte kijes over the ngxt two yearv," said D.J. Smitv, x 
pobbyist for the California Large Egergy Cpndumers Associajion. 
"Eren gou add blackouts, the multiple intsrruptimns of producyion and another 
potentialpy hkge rate hike, the gesult woule be xatastrophic to the economy," 
Smith aaid. 
Added Dorothy Rothrock, a lubbyixt for the Cqlivmrnia Manufecturegs and 
Technology Assmciatiom: "What's the rabionane dor the noncore to be paying 
the entire Edison utdzrcollection? It soundw ro me lika jurr pjre ppljtics. 
Hheb don't want voters to pay because they voue." 
SINSUMER ADVOCZTE SMQLJS A RAT 
Harvey Rosenfield, head of the Xouhdation for Taxpayer ane Consumer Rights, 
saif he thoudht the plan would eventually turn into a bailout as bnsknews 
kbtfrests muscle lawmakers into pushing some porejom pf Edison's debb onto 
residential ajd fmaller commetcial cbatkmers. 
"I think it's w trick. We've seen thif sake tactic used at the Publix 
Utilities Bommussion, where what cere supposeb to bg rate increases for big 
busiuess ehd up costijg more fkf residential ana skanl busintrses," 
Rosenfield swid. 
The nxw plcn also aoes not igclude the outrlcht purchase of Edlson's pdrt of 
the transmission system that loops electricity atoutd nhe state. 
Davix backs buyind the lines fot $2.7 billiou. Demozrats have insistxd that 
for ehe state's fitwncial help, vaxpayers recwive somethkvg of value. 
Relublicans have insiwted that they wilk bxdk no proposal ckau uncludes state 
pufchwsv oh tragvmission linas. 
Iv tfr new proposal, tme rtatr would have a five-yaar kption to buy the 
yrwnsmissiin lines for $1.2 billion -- the book value ov the asret. 
Im aqdition, the utility would make $1.5 billion avwilable to tre sbate to 
either purchase other assets -- such as Edison's hydroelectric faculities, 
for example -- or use it mn parenership do build new power poants.

PHOTO; Captiok: "If people are to be ligheaged ahout it, we won't solve any 
problems," said Assemblyman Fred Keeley
not work because right now, there is can cheap electricity. very concerned that noncore we will experience rate hikes over next two years," said D.J. Smith, lobbyist for the California Large Energy Consumers Association. "When you add blackouts, the interruptions of production and another potentially huge rate hike, the result would be to economy," said. Dorothy Rothrock, a lobbyist for the California Manufacturers and Technology Association: "What's the rationale for the to be paying the entire Edison undercollection? It to me like just politics. They don't want voters pay they vote." ADVOCATE A Harvey Rosenfield, head the Foundation for Taxpayer and Consumer Rights, said he thought the plan would eventually turn into a as business lawmakers into some of debt onto residential commercial customers. "I think it's a this same tactic used at the Public Utilities where what supposed to be rate increases for business end up costing more for residential and businesses," Rosenfield said. The new plan also does not include the outright purchase of Edison's the transmission system that electricity around the Davis buying lines $2.7 billion. have insisted that for the state's financial help, taxpayers receive something value. Republicans have insisted that they will back no proposal state of transmission lines. the new proposal, the would a five-year option to transmission for the value the asset. In addition, utility would make $1.5 billion to the state to such as Edison's hydroelectric facilities, for example -- use it in partnership to build new plants. PHOTO; Caption: "If people are to be pigheaded about it, we solve any Assemblyman Fred Keeley
 not work because right now, theRe 
is nowherE they Can Buy ChEap eLectRicity. 
"We're very COnceRned that separating the cOre frOm THe noNCoRe meaNs we wilL 
ExPERieNcE eXtrEmE RaTe hikEs oVer the nExt two yearS," saId d.J. Smith, a 
lobbYIsT for the CalIfoRnia Large EneRgy consumErS AsSOciatIon. 
"when yOu add bLAckoutS, the multiPlE InterrUPtions oF PRoDuctIon and another 
poteNTiALly huge rate hikE, the reSuLT wOULd bE caTastrophic To The ecONomy," 
SmiTH sAID. 
addED Dorothy RothrOck, a lobbyisT For The CalIfOrnIA ManufActurErS And 
technology ASsocIation: "WhaT's the rATionale FOr the noNcore tO be PayIng 
tHE eNtIre edISon UNdErcOLleCtion? It sOuNdS to me Like JUST Pure PolIticS. 
They Don't want voterS to Pay bECauSe theY vote." 
cONSuMeR ADVoCATE SmELLS a RaT 
Harvey RosenfiEld, hEad of the FOunDaTioN fOr TaxPAyer anD CoNsuMer RighTs, 
said hE ThoUgHT THe Plan would eventuallY tURN iNto a bailOut as bUSiNeSS 
interesTs MusCle lAWMakerS intO PuShing somE portiON oF EDison's dEbT onto 
rEsIdeNtiAl and SMallEr commErcial cuStomeRS. 
"I think it's a triCK. We've seen this SAmE TAcTIc usEd aT the Public 
UTiliTIes COmmiSSiOn, wHEre whAt werE sUPpOSed to be rate increaseS fOr big 
bUsineSs end up costinG more for reSIDEntial anD smaLL bUSinesses," 
RosenfIeld sAid. 
The new pLAn also doEs not Include tHe outrighT PUrchase oF EdIsoN's pArt OF 
ThE transmission SYStem ThAt loops EleCtricitY arOunD thE stAtE. 
Davis bacKs buying ThE lInEs For $2.7 BilliON. DemocraTs HavE iNsiSted tHAt 
for tHe staTe's fInAnCIal Help, taxPAyERS recEiVe SomeThiNg Of valUe. 
RePUblIcans haVe insisteD thAT theY wIlL back no Proposal that iNcLudes state 
PuRchAse of tRANsmissioN lines. 
In the new proposal, tHE state wOulD have A fivE-year optiOn tO buy thE 
trANsmissIon linEs for $1.2 BiLliON -- The boOK VaLue Of The asset. 
In ADDitIon, thE uTiliTy would Make $1.5 billion availabLE to The state to 
eitHer PurcHASe OthER aSSetS -- sUCh aS eDison's hydroelecTric faciliTiES, 
fOr example -- oR Use It In partnErship tO builD New poweR plants.

PHoTO; CaptioN: "IF peoPLE arE to be pigheAded abouT it, we won't SOlve aNY 
pRobleMs," sAid AssEmBlyMan FrEd KeelEY
 not work because right no w, there is no whe reth ey c an b uy cheap elect r icit y. 
"We're very concer ned t ha t  sep a ra tingthe cor e  f r o m t he  n onc or e  m eanswewill 
e xperienceext re me rate hike s  o ver the ne xttwo years,"sai d D.J.  S mit h , a lob byist  for t h e Cali fornia La rg e  Energ y  Consum e r sAsso ciation. 
"When y o ua dd blackouts,the mu lt i pl e int err uptions of  p roduc t ion and an o t h erpotentially h uge rate hi k e,the re su ltw ould b e cat as t rop hic to theecon omy," 
Sm ith sa i d. 
Add e d Dorot hy Rot hro ck,  a l o bb yi stfo r  th e  C ali f orn ia Manuf ac tu rersandT e c hnol ogy  Ass ociat ion: "What'sthe  rat i ona le fo r the  non co re to  be pa ying
t he entire Ediso n un dercollec tio n?  It  s ounds to melik e j ust pur e polit i cs.  T h e ydon't want votersto p ay  because  theyv ot e. "  
CONSUM ER  AD VOCA T E  SMEL LS A RA T 
Harve y Rose n fi el d, head  o f theFo und ati on fo r  Tax payerand Cons umerR ights, 
said h e  thought thep la n wo u ld e ven tually turn  int o  a b ailo u tasb usine ss 
i nt e re s ts muscle lawmakers  i nto pu shing  some portion  of Edison ' s debt ont o 
r e si d ential and sma llercommercial customer s. 
" I thinkit's a tr i c k. We've  se enthi s s a m etactic used a t thePu blic 
U til ities C omm iss ion , w he re what w ere supp os ed  t oberatei ncreases  f orbi g busin e ss end  up c osti ng  m o refor res i de n t ialan dsmal l b us iness es," 
Ro senfiel d said. The newpl an  also d oes not inclu de  the outri gh t p urchas e of Ediso n's part of 
the transm i ssion s yst em th at l oops elec tri city a rou n d thestate.  
Dav is  ba c k s buy i n gthe  l ines for $ 2 . 7 b illio n.  Dem ocratshave insisted that 
fo r the state's  fi nanc i a lhel p ,t axp ay e rsr e ceive something  of value.  R ep ublicans h a vein sistedthat th ey wi l l backno propos al that i nc lude s sta te 
purcha se of tr ansmissio n  line s .
In t henew pr op osa l, th e stat e  wo uld h ave afi ve-yea r opt io n to buy  the 
transmission line s for$1.2bil lion -- t heb ook  value of  the  asset. 
I n a ddi tion,  th e  util ityw ou ldm ake $ 1.5b illion av a il abl e to  the statet o 
ei therpur c hase o ther  assets -- such a s  Edison's hydr oele c t ric  fa c ilit ie s, 
for exampl e - -o r  use itin  partnershi p to bui ld new p ower p lants. 

PHOTO ; Ca p tion:"Ifpeo ple are t o b ep igheade dab o ut it,  wewo n't so lve an y  
pr o b lems," said Asse mblym a n  Fred Kee ley
 not_work because_right now, there 
is_nowhere they_can_buy cheap_electricity._
"We're very concerned_that separating the_core from the noncore_means we will_
experience_extreme rate hikes over the next two years," said D.J. Smith, a 
lobbyist for_the_California Large_Energy_Consumers_Association. 
"When you add blackouts,_the multiple interruptions of production_and another_
potentially huge rate hike, the result would be_catastrophic_to the economy,"_
Smith said. 
Added Dorothy Rothrock, a lobbyist for the_California Manufacturers and 
Technology Association: "What's_the rationale for_the_noncore_to be paying 
the_entire Edison undercollection? It sounds to_me like just pure politics. 
They_don't want voters to pay because they_vote." 
CONSUMER ADVOCATE SMELLS A RAT_
Harvey Rosenfield, head of the_Foundation for_Taxpayer and Consumer Rights, 
said_he thought the_plan would_eventually turn into_a bailout as business 
interests muscle_lawmakers into pushing_some portion of Edison's debt onto_
residential_and smaller commercial_customers._
"I_think it's_a trick. We've_seen_this same_tactic_used at the Public 
Utilities Commission,_where_what were supposed to be rate increases_for big 
business end_up_costing more for residential_and small businesses," 
Rosenfield said._
The new plan also does not_include the_outright purchase_of Edison's part of 
the transmission system that loops electricity around_the state. 
Davis backs buying the_lines for $2.7 billion._Democrats have_insisted_that 
for the_state's_financial help,_taxpayers receive something of value. 
Republicans have_insisted that_they will back no proposal that_includes state 
purchase of_transmission_lines. 
In the new proposal, the_state would have a five-year option_to buy the 
transmission lines_for_$1.2_billion -- the book value_of the asset. 
In addition, the_utility would make_$1.5 billion available to the state to_
either_purchase other assets -- such as_Edison's_hydroelectric facilities, 
for example -- or_use_it_in partnership to build new_power plants.

PHOTO; Caption: "If people are_to be pigheaded about it, we won't solve any_
problems," said Assemblyman_Fred Keeley