ADVISORY/State Controller Connell and Senator Polanco to announce energy crisis initiative in LA.Business/News & Assignment Editors ADVISORY...for Monday Monday: see week. (Jan. 22) --(BUSINESS WIRE) State Controller Kathleen Connell Kathleen Connell was the California State Controller from 1995 until 2003. She is currently President of the Connell Group, an investment advisory firm located in Washington, D.C. Dr. and State Senator Noun 1. state senator - a member of a state senate senator - a member of a senate Richard Polanco Richard G. Polanco, is a former California State Senate Majority leader and member of the California State Assembly. He is known for his significant efforts in increasing Latino representation in the California Legislature. will unveil legislation designed to provide monetary safeguards for the hundreds of millions of dollars the state will soon begin providing to stem the energy crisis. The legislation will protect the state's balance sheet and credit rating, and importantly, protect California's taxpayers and consumers. With $800 million set to begin flowing from the state this week, with more to follow, a specific plan for repayment is essential. The legislation will directly address two specific risks the state's current energy plan poses to California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). taxpayers - state subsidies to So. California Edison and Pacific Gas & Electric, and the uncertainty that these subsidies will be repaid to the state.
WHEN: Monday, January 22
1:30 PM
WHERE: Los Angeles Department of Water and Power
111 North Hope St. (in front on steps)
WHO: State Controller Kathleen Connell
State Senator Richard Polanco (D-Los Angeles)
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