California Power Issue

A scathing AP article against Governor Davis concerning his inaction with the
California crisis. Davis is facing two issues. Sign the current rollback bill
that is going through the legislature and upset the energy industry, or veto
the bill and have many voters upset at him. Governor Davis is aware of the
upcoming elections for members in his party, as well as the 2002 governor
election and knows that his decision may cost himself and other members of
his party election wins. Also, there is now talks that during August 21st PUC
meeting the governor will suggest rate rollback for San Diego to July 1998
rates. This is a complete 180 degree turn from his August 3rd PUC meeting
where he said he would steer clear of rate rollbacks or freezes and push for
only a rebate.

Attached is a personal interest type story providing the general publics view
of the whole California power situation.