California shaves SCE's requested rate increases to about 4% through 2020

摘要

California regulators approved a three-step rate adjustment forSouthern California Edison that is much lower than the utility soughtand makes deep cuts to its requests for capital spending to modernizeits grid.Relative to SCE's present rates, the Public Utilities Commission onThursday adopted a cumulative revenue increase for the EdisonInternational subsidiary of 3.94% for a partially retroactive rate periodcovering 2018 through 2020. SCE had asked for a 14.7% cumulativeincrease through 2020.