<h3>PUC official pleads case in stock deal</h3><p class="source">San Francisco Chronicle</p>
<p>Fending off a suit to remove him from office, one of the state's top utility commissioners testified yesterday that he had no idea investing $27, 000 in a mobile-phone company violated state law until a Chronicle reporter asked him about it 15 months lat</p>
<p class="source">The San Francisco Chronicle</p>
<p>Fending off a suit to remove him from office, one of the state's top utility commissioners testified yesterday that he had no idea investing $27,000 in a mobile-phone company violated state law until a Chronicle reporter asked him about it 15 months late</p>
<p class="source">Associated Press</p>
<p>A member of the California Public Utilities Commission who invested $10,000 in one of the nation's largest wireless communications companies said he did not know the PUC regulated the industry.</p>
<h3>(Partial Transcript)</h3><p class="source">Community Television Foundation of South Florida</p>
<p>Well, what a difference a year makes. In California a year ago, electricity prices were soaring, supplies were dropping and the state was hit with rolling blackouts.</p>
<p class="source">United Press International</p>
<p>Enron's dramatic plunge into bankruptcy this week has stirred up visceral emotions over more than just the images of hundreds of employees at Enron's Houston headquarters being cashiered just in time for Christmas.</p>
<h3>Collapse will not halt pressure for change</h3><p class="source">Financial Times (London)</p>
<p>Enron's collapse is unlikely to reverse the steady march towards a deregulated US electricity market, but it provides new ammunition for opponents who fear that consumers will get crushed by energy giants.</p>
<p class="source">The Fresno Bee</p>
<p>One issue on the street this holiday season seems something like belief in the anti-Santa. Do you or did you believe ardently enough in the energy crisis to go without Christmas lights?</p>
<!-- excerpt --><p>When stock of energy giant Enron fell to 36 cents per share this week from a high of $84 this year, the market finally accepted the reality that the company--a middleman whose main business was not producing or delivering power but trading it--was nev</p>
<h3>Both companies are prominent players in the state's power market. The move to combine their strength is raising some concerns.</h3><p class="source">Los Angeles Times</p>
<p>Dynegy Inc. of Houston has been hailed as a hero on Wall Street, as it rides to deliver cross-town rival Enron Corp. from its self-inflicted ills</p>
<p class="source">San Antonio Express-News</p>
<p>After having to scrounge for enough electricity to keep the lights on this year, this state could find itself stuck with a big - and costly - surplus of power over the next decade, a California analysis says.</p>