SAN FRANCISCO - California lawmakers last week gave their final approval to a bill to make it easier for the state to restructure power revenue bonds that were issued in the wake of the state's electricity crisis.

In 2002, the California Department of Water Resources issued $11.3 billion in bonds to repay loans from private banks and the state general fund incurred to buy electricity, after surging wholesale electricity prices in 2000 and 2001 outstripped the ability of the state's investor-owned utilities to pay them.

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