Energy

PG&E Files Objections to CPUC’s Disclosure Statement

May 3, 2002  ·  Consumer Watchdog

<p class="source">PR Newswire</p> <p>PG&E Corporation and Pacific Gas and Electric Company today filed objections to the California Public Utilities Commission's (CPUC) disclosure statement with the U.S. Bankruptcy Court.</p>

Edison, PG&E File to Resume Power Purchases

May 3, 2002  ·  Consumer Watchdog

<h3>Utility: Move key to getting state out of electricity-buying business. PUC showdown is expected.</h3><p class="source">Los Angeles Times</p> <p>Southern California Edison and Pacific Gas & Electric told state utility regulators that they must be able to sign long-term contracts and pass electricity price spikes on to customers if the utilities are to resume power purchases that the state has been</p>

U.S. BANKRUPTCY COURT HAS COMPETING PG&E AND CALIFORNIA PUBLIC UTILITIES COMMISSION REORGANIZATION PLANS; SETS MID-JUNE TARGET DATE TO BEGIN SOLICITING CREDITOR

May 2, 2002  ·  Consumer Watchdog

<p class="source">Foster Natural Gas Report</p> <p>The U.S. Bankruptcy Court in San Francisco, with jurisdiction over the Chapter 11 bankruptcy procedure and reorganization of Pacific Gas & Electric Co., has before it two contradictory reorganization proposals from PG&E and the California Public Utility</p>

State GOP Sought Donations From Enron;

April 29, 2002  ·  Consumer Watchdog

<h3>Politics: Requests brought in $50,000 during probe of the energy firm.</h3><p class="source">The Los Angeles Times</p> <p>Republican legislative leaders solicited tens of thousands of dollars in campaign donations from Enron Corp. even as the state government was investigating the company and other producers suspected of price gouging and market manipulation during last year</p>

Davis, Calpine find positives in power contract renegotiation.

April 29, 2002  ·  Consumer Watchdog

<p class="source">Natural Gas Week</p> <p>California Gov. Gray Davis is riding high on successful power contract renegotiations on eight of the state's 32 long-term power contracts, cutting what had been total valuations of $ 15 billion by 23% -- to around $11.4 billion.</p>

CALIF. GETS SOME CONTRACTS REDONE, CONSUMER GROUP MOCKS SAVINGS CLAIM

April 29, 2002  ·  Consumer Watchdog

<p class="source">Power Markets Week</p> <p>California has finally started the process of renegotiating $43-billion worth of long-term power contracts and the state announced early last week that the Dept. of Water Resources reworked eight new deals with five companies to cut its contracts costs by</p>

Calif. consumer group blasts reworked Calpine deals

April 25, 2002  ·  Consumer Watchdog

<p class="source">Megawatt Daily</p> <p>A California consumer group criticized the announced state savings by Gov. Gray Davis' renegotiated power deals with Calpine, and other companies, that cut the state's $43 billion long-term contract bill by $3.5-billion as "vastly overstated."</p>

Calif. PUC seeks public input on PG&E reorganization

April 24, 2002  ·  Consumer Watchdog

<p class="source">Megawatt Daily</p> <p>The California Public Utilities Commission will begin seeking public comment next month on its alternative bankruptcy reorganization plan for Pacific Gas and Electric, under a resolution approved by the PUC Monday.</p>

Critics lambaste new energy deals;

April 24, 2002  ·  Consumer Watchdog

<h3>Worth more politically, they say</h3><p class="source">The San Francisco Chronicle</p> <p>Eight reworked energy contracts unveiled this week won't save California consumers much money and still lock the state into needless round-the-clock power purchases, consumer advocates said yesterday.</p>

Contracts called a wash for ratepayers;

April 24, 2002  ·  Consumer Watchdog

<h3>Renegotiated Power Deals Include $200 Million Trade-off In New Payments To Calpine</h3><p class="source">San Jose Mercury News</p> <p>The state's renegotiated power contracts include more than $200 million in new upfront payments to San Jose's Calpine in exchange for an agreement to shorten two high-cost deals, a trade-off consumer advocates said does little to benefit ratepayers.</p>

State energy contracts reworked;

April 23, 2002  ·  Consumer Watchdog

<h3>Davis Sees $3.5 Billion Saved In Decade; Effect On Consumer Bills Unclear</h3><p class="source">San Jose Mercury News</p> <p>Under fire for overpriced electricity contracts, Gov. Gray Davis announced eight renegotiated deals Monday with San Jose's Calpine Corp. and four other energy companies that he said will shave $3.5 billion off the state's power bill over the next 10 yea</p>

PG&E STOCKHOLDERS WILL TAKE SIGNIFICANT HIT UNDER THE PUC’s REORGANIZATION PLAN

April 22, 2002  ·  Consumer Watchdog

<p class="source">Electric Utility Week (formerly Electrical Week)</p> <p>Pacific Gas & Electric stockholders will ''bear a significant portion of the burden'' of returning the utility to solvency under the alternative reorganization plan filed at the U.S. Bankruptcy Court in San Francisco April 15 by the California Public Util</p>