california update 2 20 01 bankruptcy today california energy operating corporation sued southern california edison seeking payment november december power sales totalling 45 move likely sign things come shows generators believe viable solution governor calenergy positioning primary creditor past experience dictates lawsuits often used means communication bankruptcy situations case judgement calenergy favor calenergy would able seize edison bank assets assuming bankruptcy meantime another strategy getting paid without actually filing involuntary bankruptcy however enough suits edison ignores judgement calenergy favor likely enough trigger involuntary bankruptcy filing followed closely voluntary filing generators stating subscribe deal past bills paid currently arrangement pay generators power supplying iso thus generators beginning see utilities state one governor reportedly trying come plan result lowest possible rate increase order minimize public reaction governor stated put plan place accordance existing rate structure according rosenfield considering 19 rate increase number arrived combining 9 temporary emergency increase passed puc 10 rate reduction imposed legislature bill ab 1890 scheduled expire next month increase would put place long necessary pay back utilities debt plan contrasts enacting 30 40 rate increase period years lower increase longer period time coupled financing charges period likely detrimental effect california economy comparison neighbors consumer advocacy group consumer groups continue insist generators give something part deal according source close harvey rosenfield head leading consumer advocacy group california rosenfield feels longer takes governor flesh deal utilities lower price offered transmission assets due public pressure elected officials enter bailout agreement pressure increase time passes