PUC Allows Rate Hike for So Cal Edison

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The California Public Utilities Commission by a 4-1 vote on Thursday approved a rate increase that will hike average Southern California Edison customer bills by about 2 percent in 2009.

The three-year general rate case also allows a 1 percent rate increase in 2010 and 2011 for the unit of Edison International in Rosemead.

The commission approved SCE collecting $4.83 billion in base revenue for 2009. Cal PUC President Michael Peevey said this will raise SCE’s base rate 6 percent. The base rate supplies the state’s second largest electricity utility by customer count with about 36 percent of its total revenues.


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