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Power Rate Hikes Prompt Business Response

SAN JOSE-Business leaders in Silicon Valley hold a press conference to express a need for solution to state-mandated rate increases, saying that companies are being driven out of the area.

By Michelle Savage | Updated on August 17, 2001

SAN JOSE-Business leaders in the Silicon Valley area held a press conference to say companies may leave California because of its high power rates. “Small to medium sized businesses are being especially hard hit by large rate increases imposed on business customers this year,” said Jim Cunneen, San Jose Silicon Valley Chamber of Commerce President.

“Electricity bills for many businesses have already doubled,” he added. “Now the legislature is considering a proposal to bail out Southern California Edison by putting most of the cost onto business.”

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