SCE seeks incentives for emissions-cutting program

LOS ANGELES, May 16 (Reuters) - Southern California Edison on Friday proposed to California clean air regulators what it calls the first major "early action" greenhouse gas reduction projects since the state's ambitious emissions-cutting plan was passed in 2006.

If the plan is approved, SCE's plan could reduce about 3.7 million metric tons of carbon dioxide (CO2) in eight separate projects that use cleaner methods of making or saving energy.

The costs of the program is about $23 million, which will be passed to ratepayers to the tune of 20 cents for every $100 of current utility bills.

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