<p class="source">Dow Jones Newswires</p>
<p>A Senate bill that would place a windfall-profits tax on electricity sales in California passed the Assembly Revenue and Taxation Committee late Thursday on a 5-2 vote along party lines.</p>
<p class="source">DOW JONES NEWSWIRES</p>
<p>Vowing for months that California Assembly Republicans wouldn't support legislation to rescue utility Southern California Edison from the brink of bankruptcy, one of the GOP's members crossed party lines to help push through a bill</p>
<h3>The bill won't require the utility to transfer Sierra land to a state trust.</h3><p class="source">Sacramento Bee</p>
<p>A $2.9 billion rescue plan to save Southern California Edison from bankruptcy narrowly passed the Assembly energy committee Wednesday after the last tangible asset for taxpayers -- thousands of acres of Sierra land -- was stripped from the deal.</p>
<p class="source">The Associated Press</p>
<p>A key Assembly committee approved a $2.9 billion proposal to rescue financially ailing Southern California Edison on Wednesday, following a third straight day of deliberations.</p>
<h3>Consumer advocates say costly bailout would be a disaster</h3><p class="source">San Francisco Chronicle</p>
<p>In a battle that pitted the yellow armbands against the dark suits, an Assembly committee yesterday approved a plan it hopes will keep Southern California Edison out of bankruptcy.</p>
<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/>
<br/>
Bailout Watch #71 - Aug 29, 2001<br/>
<br/>
SPECIAL SACRAMENTO WAR ROOM EDITION<br/>
<br/>
Wright On The Money.</strong> Yesterday's Bailout Watch...
<h3>BAILOUT TO AFFECT CONSUMER rates</h3><p class="source">San Jose Mercury News</p>
<p>SACRAMENTO -- Gov. Gray Davis' plan for the state's energy future faces a crucial test in the next three weeks as he seeks to sell legislators on his multibillion-dollar plan to bail out the state's second-largest utility.</p>
<p class="source">The Sacramento Bee</p>
<p>Senate Bill 78XX may be the most unusual legislation to hit the Capitol in decades, in terms of both its content and its convoluted political dynamics.</p>
<p class="source">Megawatt Daily</p>
<p>A California Assembly committee yesterday continued hearings on a controversial bill to rescue Southern California Edison from the threat of bankruptcy after moving forward with several amendments to a measure approved by the state Senate last month.</p>
<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/>
<br/>
Bailout Watch #70 - Aug 28, 2001<br/>
<br/>
SPECIAL SACRAMENTO WAR ROOM EDITION<br/>
<br/>
FTCR Opens War Room in Sacto.</strong> Our...
<h3>Commission would yield authority over rate hikes</h3><p class="source">The Oakland Tribune</p>
<p>Energy regulators Monday backed the Davis administration in keeping what critics call the lion's share of California's largest electricity rate hike</p>
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