Renewables

Financially ailing Edison International doesn't expect to pay most creditors until the end of the first quarter of 2002, company officials said Monday. Small generators known as qualifying facilities (QF) can expect to get their money by the end of the second quarter 2002, Edison officials explained. CFO Ted Craver said a new agreement will have to be worked out with the QFs.

U.S. District Judge Ronald Lew approved the settlement agreement between state regulators and Southern California Edison Co. Friday. After a controversy erupted over whether the nearly broke utility would honor contracts with small generators known as QFs, SCE Friday said it would 'stand by the power purchase portion' of those contracts. (By Ann de Rouffignac, OGJ Online)

Consolidated Edison Inc. said it restored electrical service to its Cortlandt network Wednesday returning service to all networks in Lower Manhattan that lost power after Tuesday's terrorist attack on New York's World Trade Center. Tuesday, the company began restoring electric service to Battery Park City.

New York's Consolidated Edison Inc. Monday said it restored power to parts of Lower Manhattan but warned customers to minimize use as much as possible while electric work continues in the area. The company reported restoring power to the majority of its Fulton network, one of several networks that have been shut down since Tuesday's terrorist attack on the World Trade Center.