Edison argues that the Accounting Decision requires the Utilities to cover their net short position without granting them sufficient revenues with which to purchase power. According to Edison, forcing it to cover its net short position while imposing an artificially low generation rate violates the Takings clause of the Fifth Amendment. Edison claims that we must allow the Utilities to pass through the full costs of power to customers if those purchases must be made by the Utilities. Edison also complains that the rate increase is insufficient to allow it to cover its net short, since the Commission ordered all of the three cent increase, and more, to be paid to DWR.
Edison's arguments are premature at best. Edison makes generalized claims about its alleged inability to cover its net short position, without pointing to any evidence in the record supporting its claims. We accordingly deny Edison's application for rehearing on this issue.