This report is divided into several sections, each section updating topics of interest to our participating districts. These checks have been paid even in instances where the delay in service was the fault of the member districts themselves. They have also worked diligently to correct errors in account numbers, meter numbers, meter installation, and other errors that have slowed the effective implementation of all aspects of this program. It is hoped that this consolidation in Houston will soon result in better customer service and timelier billing for our member districts.
Any positive difference is paid into specific transition funds to each respective utility.
As you may remember, during the 1997 search for a power company to provide us electricity, estimates of when the CTC would be paid off for each of the big three utilities varied widely. The League, its energy oversight committee and the individual districts were forced into making educated decisions on this issue. Taking a known discount seemed prudent in 1998. Events of the past year have shown this decision to be correct. There is no indication of any early retirement of stranded assets by SCE, so it is likely that CTC collection will continue for Edison until the end of 2001.