Energy

State’s Energy Loose Ends Coming to a Head

July 7, 2002  ·  Consumer Watchdog

<p class="source">Orange County Business Journal</p> <p>With federal price caps due to expire on Sept. 30 and the state's authority to buy power set to end three months later, a battle is brewing over the future shape of the California's dysfunctional power market.</p>

CALIFORNIA PUC RETAINS UBS WARBURG TO IMPLEMENT PG&E BANKRUPTCY PLAN

July 1, 2002  ·  Consumer Watchdog

<p class="source">Power Markets Week</p> <p>The California Public Utilities Commission Tuesday retained UBS Warburg to arrange the financing needed to implement its reorganization proposal for Pacific Gas and Electric</p>

No Relief on Rates as Power Costs Fall

June 30, 2002  ·  Consumer Watchdog

<h3>California: Increases remain in place despite a sharp drop in market prices. State panel predicts a $2.7-billion windfall for the utilities.</h3><p class="source">The Los Angeles Times</p> <p>Despite assurances from the state 15 months ago that electricity customers could expect lower bills when power prices fell, relief is still many months away, even though blackouts have ended and wholesale prices have dropped</p>

PG&E Decision To Mark Milestone In Deregulation;

June 17, 2002  ·  Consumer Watchdog

<h3>Creditors Can Vote To Split Utility, Keep It Under State Control, Or Both</h3><p class="source">San Jose Mercury News</p> <p>This week, more than 70,000 creditors of Pacific Gas & Electric will receive a 600-page packet as gripping as a phone book to help them decide the fate of PG&E by choosing between two rival plans to bring the utility out of bankruptcy.</p>

Creditors set to vote on PG&E’s new form

June 16, 2002  ·  Consumer Watchdog

<h3>They are faced with two proposals for how the company should emerge from bankruptcy protection</h3><p class="source">The Sacramento Bee</p> <p>For the past 14 months the powerful have held the stage - the banks and energy companies, the Wall Street lawyers and Harvard law professors.</p>

The March Through the Crisis

June 10, 2002  ·  Consumer Watchdog

<p class="source">Computerworld</p> <p>September 1996: Gov. Pete Wilson signs a bill to open the state electricity market to competition.</p>

A look at the dueling plans for PG&E’s future offered by the utility and state

June 3, 2002  ·  Consumer Watchdog

<p class="source">Associated Press</p> <p>Pacific Gas and Electric Co. filed for Chapter 11 bankruptcy protection in April 2001, driven into debt in part by soaring power prices it could not recover from its customers because of a freeze on electric rates.</p>

CALIFORNIA PUBLIC UTILITIES COMMISSIONER HENRY DUQUE

May 31, 2002  ·  Consumer Watchdog

<p class="source">Platts Retail Energy</p> <p>Lawyers for California Public Utilities Commissioner Henry Duque have asked a state appellate court in San Francisco to overturn a superior court ruling that would remove him from office.</p>

Trancript RE: Enron Memos

May 23, 2002  ·  Consumer Watchdog

<p class="source">TV SHOW: The Nightly Business Report</p> <p>California's biggest energy companies say that they didn't manipulate the state's power market last year. The firms are telling state officials their behavior was legal and they played according to the rules of California's electricity markets, but no</p>

Suppliers deny using Enron tactics; Power firms answer FERC questions

May 23, 2002  ·  Consumer Watchdog

<p class="source">The Houston Chronicle</p> <p>Power suppliers have told federal regulators their behavior during the California electricity crisis was dramatically different from that of industry pariah Enron.</p>

ENERGY MARKETS: POWER FIRMS DENY USING ENRON-STYLE TRADING; SCHEMES, DESPITE SIMILARITIES

May 23, 2002  ·  Consumer Watchdog

<p class="source">Greenwire</p> <p>Five major power generators told the Federal Energy Regulatory Commission yesterday that their energy trading practices during the California power crisis of 2000 and 2001 were not based on controversial Enron strategies, even if some actions shared "cha</p>

Energy deregulation: Is it friend or enemy?

May 16, 2002  ·  Consumer Watchdog

<p class="source">USA Today</p> <p>California's electric power crisis reverberated on Capitol Hill Wednesday as attorneys for fallen energy giant Enron acknowledged deception in past electricity trading practices, and a key federal regulator vowed to make Western energy markets fair.</p>