CPUC Weighs Loans for Small LECs Struggling With Virus
Small rate-regulated LECs could seek loans for capital projects and to pay operating and other expenses during the pandemic, under a draft resolution up for a California Public Utilities Commission May 28 vote. “Due to the financial stresses caused by…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
the COVID-19 pandemic, including unexpected unemployment suddenly being experienced by a growing number of Californians, utility bills are not being paid by many utility customers, resulting in insufficient cost recovery by the utilities,” said the proposal released Friday. “Some are facing financial situations that make it difficult to pay their employees and other expenses.”