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A Los Angeles federal judge approved a settlement designed to keep electric utility company Southern California Edison out of bankruptcy by forcing customers to continue paying higher rates imposed last May for at least two more years. The deal, which was secretly negotiated between lawyers for the utility and the California Public Utilities Commission, settles a lawsuit filed by Edison last fall.
October 05, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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