Standard & amp; Poor's, Moody's and Fitch Inc ., major credit rating agencies, expressed disappointment with emergency rate increases ranging from 7 percent to 15 percent by downgrading PG & amp; E Corp . and Edison International.
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Jan . 4 : State regulators approve emergency rate hikes of 7 percent to 15 percent for customers of SoCal Edison and PG & amp; E, who say they have lost billions of dollars because they cannot pass on high wholesale costs to customers.
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State power officials this week approved emergency rate hikes averaging 9 percent for two investor-owned utilities-- Southern California Edison Co . and Pacific Gas and Electric Co .-- which say they expect to be insolvent within weeks because of unchecked wholesale power prices.
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His toughest time with the utility, Mr . Hatch recalled, was in 1974, when profits plummeted and the management was forced to cut $ 1.4 million from its construction budget, eliminate 2, 600 jobs and seek emergency rate relief from the Georgia Public Service Commission.
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On Wednesday, California's Public Utilities Commission recommended emergency rate hikes for Pacific Gas and Electric Co . and Southern California Edison Co . The increases _ 9 percent for residential customers, 7 percent for small businesses and 15 percent for industrial users _ were not as big as the utilities wanted, and will last only 90 days.
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Kartveli designed an aircraft fitted with a tight-cowled Pratt & Whitney R-2800-57 ( C ) with a war emergency rating of 2, 800 hp ( 2, 090 kW ), reduced armament of six 0.50 in ( 12.7 mm ) machine guns, a new and lighter wing, and many other changes.
