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PSA gains 6.6 percent fare hike amid parent losses
California Public Utilities Commission approves a 6.6 percent PSA fare increase effective in five days. PSA, Inc. faces financial strain from hotel and broadcasting ventures, with the commission promising review in months. PSA could gain about 7.7 million annually while its parent remains near default on loans. Earlier PSA sought 16 percent. Meanwhile a bill to exempt loggers from environmental impact reports clears the Senate and heads to Gov Brown.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
California Public Utilities Commission
Pacific Southwest Airlines
PSA, Inc
PAC
Los Angeles
PSA
PSA Financial
Paul Barkley
Sacramento
UPS
Edmund G. Brown Jr
Senate
Randolph Collier
D-Yreka
Assembly
Edwin L. Z'berg