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SoCal Edison's settlement with California relieves stranded-cost buysiders, but does it satisfy them?

Despite last week's long-awaited and encouraging settlement between troubled California utility Southern California Edison (SCE) and the California Public Utilities Commission (CPUC), asset-backed investors with a penchant for rate-reduction bonds may still not be adequately convinced that the sector is completely devoid of headline risk, sources say.

Although the...

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