ROSEMEAD, CA — Two of California’s major investor-owned utilities are struggling to avoid bankruptcy. Southern California Edison (SCE) may be forced into involuntary bankruptcy by a number of creditors. Recently, the state legislature adjourned for the year, but did not act on a $2.9 billion bailout plan for SCE.

California Governor Gray Davis has called a special session, and the utility is hoping that the creditors will wait until the special session ends so that a plan can be worked out.