Energy

Campaign Reform Goes Unenforced;

April 17, 2002  ·  Consumer Watchdog

<h3>Politics: Santa Monica, Pasadena and Claremont delay action on voter-passed limits on gifts or jobs to officials whose actions aided the giver.</h3><p class="source">The Los Angeles Times</p> <p>The people spoke, but those in power didn't listen. So say proponents of a controversial campaign finance initiative passed by voters in three Los Angeles County cities more than a year ago.</p>

CPUC Unveils PG&E Bankruptcy Proposal

April 16, 2002  ·  Consumer Watchdog

<p class="source">Energy Daily</p> <p>The California Public Utilities Commission (CPUC) Monday unveiled its version of how PG&E Corp. should get itself out of bankruptcy, using $2.7 billion in power payment overcollections, $1.6 billion in foregone dividends, issuing $1.75 billion in shares o</p>

State files plan to rescue PG&E;

April 16, 2002  ·  Consumer Watchdog

<h3>Bankrupt Utility Opposes Proposal</h3><p class="source">San Jose Mercury News</p> <p>State utility regulators Monday filed their official plan for repayment of the $13.5 billion that PG&E's bankrupt utility owes, paving the way for creditors to vote on rival plans this summer.</p>

PUC plan would make PG&E sell off big stake

April 16, 2002  ·  Consumer Watchdog

<h3>Regulators Present Their Proposal, But The Bankrupt Utility Quickly Dismisses It As "Illegal"</h3><p class="source">The Contra Costa Times</p> <p>California regulators presented a plan Monday that would force PG&E Corp. to raise money to pay its utility creditors by selling outsiders a $1.75 billion stake in its crown jewel, the nation's largest regulated utility.</p>

PUC Unveils Plan for PG&E;

April 16, 2002  ·  Consumer Watchdog

<h3>Bankruptcy: Customers would pay $4.7 billion to help restore utility's fiscal health. The firm, activists are both critical</h3><p class="source">The Los Angeles Times</p> <p>State regulators unveiled a reorganization plan for Pacific Gas & Electric Co. on Monday that calls for customers to pay $4.7 billion--or $1.4 billion more than the stockholders would--to restore the company to financial health.</p>

PUC files its plan for PG&E to emerge from bankruptcy

April 15, 2002  ·  Consumer Watchdog

<p class="source">The Associated Press State & Local Wire</p> <p>State regulators proposed a plan Monday they said would allow Pacific Gas and Electric Co. to emerge from bankruptcy by January, without raising customers' electric rates.</p>

PG&E bankruptcy plan threatened by consumer suit: Calif. PUC

April 15, 2002  ·  Consumer Watchdog

<p class="source">Megawatt Daily</p> <p>A California consumer group's lawsuit challenging the state Public Utilities Commission's authority to reach court-sanctioned wholesale power-debt recovery deals with utilities may jeopardize the commission's plans to submit an alternative restructurin</p>

DUQUE TO APPEAL COURT ORDER REMOVING HIM FROM CALIF. PUC

April 15, 2002  ·  Consumer Watchdog

<p class="source">Electric Utility Week (formerly Electrical Week)</p> <p>California Public Utilities Commissioner Henry Duque on Friday was set to announce an appeal of a court order to remove him from office before his term ends in December.</p>

Utilities chief stays on, files objection

April 13, 2002  ·  Consumer Watchdog

<p class="source">The Riverside Press-Enterprise</p> <p>The California Public Utilities Commission member ordered out of office by a San Francisco judge won't be giving up his post anytime soon, his legal adviser said.</p>

Group moves to keep PG&E in bankruptcy

April 13, 2002  ·  Consumer Watchdog

<p class="source">The San Francisco Chronicle</p> <p>A consumer group asked the state Supreme Court yesterday to block a plan by state regulators to bring Pacific Gas and Electric Co. out of bankruptcy, saying it would saddle customers with illegally high rates.</p>

State’s plan for PG&E challenged

April 12, 2002  ·  Consumer Watchdog

<p class="source">Contra Costa Times</p> <p>Skirmishing continued Thursday in the protracted battle over how to reorganize PG&E Corp.'s bankrupt utility unit. A consumer advocacy group challenged a state-sponsored plan to tap electricity users to pay debts, and a judge approved the wording of a PG</p>

Group Throws Wrench in PG&E Plan

April 12, 2002  ·  Consumer Watchdog

<p class="source">The San Francisco Recorder</p> <p>A consumer advocacy group has sued the California Public Utilities Commission in state Supreme Court, threatening the commission's plan to restructure the bankrupt Pacific Gas & Electric Co.</p>