It probably is good news that CalEnergy and Southern California Edison have reached an agreement in which CalEnergy will again sell power to Edison.
However, the news is only positive as long as Edison lives up to its end of the agreement. We are not overly confident Edison will do so based on a track record since November of not making payments.
CalEnergy is an important company in the Imperial Valley. It is a prime source of revenue and jobs for the county. We applauded when CalEnergy sued Edison demanding payment for what it was owed and we supported the decision by a local judge that allowed CalEnergy to sell its power to other companies to stay afloat.
We applaud those who negotiated a settlement between CalEnergy and Edison. What it means is crucial energy this state is so in need of will stay in California and help address the power crisis.