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February 19, 2001 | Nancy Rivera Brooks, Associated Press
Gov. Gray Davis and legislators continue negotiations with Southern California Edison and Pacific Gas & Electric about a state purchase of transmission lines and other proposals to return the utilities to financial health and find a way out of the electricity crisis. The governor's remedy, announced Friday, was seen as progress on the issue. But the markets continue to watch anxiously as utility creditors grow increasingly impatient.
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BUSINESS
February 19, 2001 | Nancy Rivera Brooks, Associated Press
Gov. Gray Davis and legislators continue negotiations with Southern California Edison and Pacific Gas & Electric about a state purchase of transmission lines and other proposals to return the utilities to financial health and find a way out of the electricity crisis. The governor's remedy, announced Friday, was seen as progress on the issue. But the markets continue to watch anxiously as utility creditors grow increasingly impatient.
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