Energy

PUC won’t OK state’s long-term contracts

October 3, 2001  ·  Consumer Watchdog

<h3>Edison settlement avoids bankruptcy</h3><p class="source">The San Francisco Chronicle</p> <p>In a pair of actions that could reshape California's energy strategy, state utility regulators blocked a payment plan yesterday for state power contracts they consider too costly</p>

PUC shocks Gov. Davis on rates, utility bailout

October 3, 2001  ·  Consumer Watchdog

<p class="source">Contra Costa Times</p> <p>In a memorable Tuesday, the California Public Utilities Commission defied Gov. Gray Davis and reaffirmed its power to set electricity rates. Then, after lunch, it bailed out the state's second largest utility.</p>

PUC halts $12.5 billion bond sale, aids Edison rescue

October 3, 2001  ·  Consumer Watchdog

<p class="source">The San Diego Union-Tribune</p> <p>State power regulators appointed by Gov. Gray Davis defied him yesterday by blocking a $12.5 billion bond to repay the state for power purchases, potentially forcing big cuts in state programs next year.</p>

Se acerca el rescate de la Edison

October 2, 2001  ·  Consumer Watchdog

<h3>Aunque hay mucho que negociar, prometen que habrá acuerdo</h3><p class="source">La Opinión</p> <p>Una semana más tarde de lo anticipado, se llevará a cabo la sesión extraordinaria de la Legislatura para rescatar de la bancarrota a la empresa de distribución de electricidad Southern California Edison</p>

SCE Settlement

October 2, 2001  ·  Consumer Watchdog

<p class="source">City News Service of Los Angeles</p> <p>A federal judge held off today on signing a proposed settlement that Southern California Edison reached with the state's utilities commission, until all interested parties have time to comment on it.</p>

Regulators announce Edison rescue plan, consumers claim bailout

October 2, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>State power regulators on Tuesday settled a suit by Southern California Edison, allowing the utility to pay its estimated $3 billion debt in part by retaining record rate hikes levied on customers this spring.</p>

Bailout Watch #81 – Oct 01, 2001

October 1, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #81 - Oct 01, 2001<br/> <br/> A New Low for Edison.</strong> In the days after the attacks on New York and Washington, Edison's ruthless...

Senator: Bailout will cost public

September 29, 2001  ·  Consumer Watchdog

<h3>McClintock speaks to utility's workers, decries Gov. Davis' push for bill.</h3><p class="source">Ventura County Star</p> <p>State Sen. Tom McClintock told 50 Southern California Edison employees outside his Thousand Oaks office Friday morning that he opposes a bill that allows the utility to sell bonds to erase a $2.9 billion debt.</p>

Davis orders energy session Legislators are told to report back to discuss a plan for Edison as Angelides continues to push for a bond issue.

September 28, 2001  ·  Consumer Watchdog

<p class="source">Sacramento Bee</p> <p>Gov. Gray Davis on Thursday formally summoned legislators back to the Capitol on Oct. 9 - one week later than expected - to devise a plan to put Southern California Edison back into the power-buying business.</p>

PG&E Chief: FERC Delays Are Biggest Threat To Reorganization

September 28, 2001  ·  Consumer Watchdog

<p class="source">Energy Daily</p> <p>Despite howls of protest from California officials and consumer groups, the head of PG&E Corp. said this week he is very confident that the reorganization plan the company submitted in bankruptcy court last week will be enacted.</p>

Legislative Session to Aid Edison Is Delayed

September 28, 2001  ·  Consumer Watchdog

<h3>Davis asks lawmakers to report Oct. 9 to vote on a plan, not yet devised, to keep the utility from filing for bankruptcy.</h3><p class="source">Los Angeles Times</p> <p>Gov. Gray Davis issued a proclamation Thursday calling for a special legislative session to begin Oct. 9 so he can push lawmakers to approve a rescue plan for Southern California Edison.</p>

State treasurer urges regulators to set stage for bond sale

September 27, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>State Treasurer Phil Angelides said Thursday that delays by the California Public Utilities Commission mean the state won't issue $12.5 billion in energy bonds to repay the state general fund until next year.</p>