Yep. Without "subsidies". Instead, they'll just recover the quasi-subsidy/surcharge through rates. Afterall, they have all that "headroom."
According to the proposal, this additional surcharge will not impact rates because the Rate Reduction Bonds authorized during Californias electric restructuring law will expire in 2007 leaving additional headroom in utility rates.
16 posted on 12/13/2005 5:51:53 PM PST by calcowgirl