text_combined: california update 2 5 23 01 republican plan b source reports following regarding republican plan b proposal encourage direct access consumers problem however direct access deals would dedicated rate component many might undermine cash flow credit worthiness bonds republicans suggest generators take 30 haircut think doable republicans strongly oppose purchasing transmission assets restore invetor owned utility model generation would establish dedicated rate component construction native generation utilities would grant ratepayers equity interest plants resolve qfs financial issues assemblyman cox commented afterward republcans trying work bilateral basis democrats issues feel frozen moreover senses democrats moving back toward option purchase socal transmission assets republicans oppose democratic plan b source reports following regarding democratic plan b democrats formulating plan b incorporates governor mou nation plan b ideas plan reportedly yet introduced legislature yet still finalized democrats certain work specifically option purchase socal transmission assets reportedly still debated democrats reportedly believe may unnecessary details plan reportedly follows set aside 3 1 bilion undercollect separate account funded dedicated rate component generators either get check instantly bonds 70 claim try get 100 claim adjudicated dispute plan could used template going bankruptcy judge strike deal pg e sources indicate democrats developing post petition plan cast socal files bankruptcy including following state would buy utilities bankruptcy would sell pieces utilities various private sector buyers lifetime stipulation run democrats reportedly believe state could little 5 billion assumed utilities debt got cram bankrutpcy judge quell protests plan would likely erupt democrats reportedly believe judge montali would support idea