Congratulation

With much self-congratulation and a unanimous vote, the five-member California Public Utilities Commission Thursday agreed to fully restore the state’s three major private-sector electric utilities to their previous role of buying the day-to-day “net-short” wholesale electricity supplies for their respective customer bases. The resumption of the bulk power-buying role will begin Jan. 1, 2003 — including assuming some of the long-term contracts negotiated by the state’s Department of Water Resources (DWR).