Across the board, every utility under the jurisdiction of this committee, and regulated by the PUC in this state, is planning and strategizing and promoting new ventures into competitive markets to make money. Both the telecommunications utilities, which found last year that they could explore new competitive territories, and the energy utilities, who have found that their logical investment domain in areas of energy development may have topped out in the state, seem to be rushing to invest before the mysterious "window of availability" closes.
Senate Committee on Energy and Public Utilities, "Interim Hearing on Emerging Utility Trends: Competition and Diversification" (1985). California Senate. Paper 37.