[cdn-nucl-l] EDISON WARNS EMPLOYEES OF CUTS

["Jerry Cuttler" <jerrycuttler@home.com>]

----- Original Message -----
From: Gene Cramer <marc832@primenet.com>
To: Multiple recipients of list ans-pie <ans-pie@nuke-ans.org>
Sent: Friday, January 05, 2001 1:35 PM
Subject: Energy Looking Glass 2001jan5 EDISON WARNS EMPLOYEES OF CUTS


> Edison's alert to its employees, following yesterdays's CPUC raising rates
> 1 cent/KWhr :
>
> The financial markets have repeatedly told us that they will no longer
lend
> us money for power purchases without clear assurance that the loans will
be
> repaid. The lack of assurance signaled by today's commission action means
> we may no longer be able to finance the purchase of electricity beyond
what
> we collect from our customers. If that happens, outages are likely, and
> affected customers could be without power for several hours a day.
>
> To reduce costs and conserve cash over the past few months, we have
already
> implemented several measures. Due to the worsening crisis, however, we now
> must begin implementing the next phase of our contingency plan, which
will,
> regrettably, mean some service level reductions for our customers as well
> as a reduction in the overall size of our workforce. This would affect not
> only SCE contract workers, supplemental and contingency personnel, but
also
> full-time, part-time and temporary SCE employees.
>