2. Background
Edison is currently authorized to issue approximately $899,376,900 in short-term debt to finance its short-term borrowing needs.
This authority has been modified over time to increase and decrease the borrowing limits, and to impose various allowances or limitations on that authority. No one disputes the current need for this authority.2
2 The application was filed on June 10, 2008 and it appeared on the Commission's June 13, 2008 daily calendar. There were no protests.
