california update 08 22 01 though announced yesterday davis assembly democratic leadership cut deal mou edison considerable uncertainty remains legislative language describing deal still released get details soon available provisions rumored deal burton democratic leader senate said publicly spreading utility undercollection customers 20 kw higher nonstarter senate senate bill forces 500 kw customers pay edison undercollection amounts 3600 customers behind edison wall street said 3600 customers insufficient securitize undercollection unless costs spread across 20 kw customers business likely oppose bill strongly business may also oppose bill provide meaningful direct access self gen point business seems care spreading undercollection direct access indication yet davis democratic leadership assembly convinced majority assembly democracts vote deal davis pushing hard assumption get votes assembly continues push however given burton comments unclear whether senate goes along even davis manages push something assembly davis assembly want badly enough likelihood pass bill meets burton requirements burton move senate bryson ceo edison said publicly know whether deal make edison solvent consumer groups strongly opposed deal edison saying 1 bankruptcy best answer 2 run mother ballot initiatives roll back bailout 1 06 pm cdt pcg trading 16 47 0 07 edison trading 13 94 0 07 best jeff