Energy

State Faces Crunch Time to Deal With Electricity Costs

September 10, 2001  ·  Consumer Watchdog

<h3>With one week left in legislative session, lawmakers and regulators want to resolve questions on how California will recoup its expenditures during power crisis</h3><p class="source">Los Angeles Times</p> <p>After a summer of delays, California regulators and legislators are aiming in one final week to resolve issues crucial to millions of electricity customers and the financial stability of the state and its utilities.</p>

It’s Back to California’s Senate for Proposed Edison Rescue

September 10, 2001  ·  Consumer Watchdog

<p class="source">The Bond Buyer</p> <p>The California Senate today may consider an amended version of a bill, narrowly approved by the Assembly last week, that would keep Southern California Edison out of bankruptcy.</p>

Cal. Assembly OKs SCE Rescue Deal

September 10, 2001  ·  Consumer Watchdog

<p class="source">Energy Daily</p> <p>California's State Assembly narrowly approved its version of a rescue plan for Southern California Edison late last week, although the $2.9 billion deal still faces an imminent, possibly nasty battle in the Senate.</p>

Assembly OKs Bill to Rebuild Edison’s Finances

September 8, 2001  ·  Consumer Watchdog

<h3>Foes say the plan, which faces hurdles in the Senate, is a bailout.</h3><p class="source">Los Angeles Times</p> <p>Despite threats of a ballot backlash, the state Assembly late Thursday approved a $2.9-billion bill to restore Southern California Edison to something close to financial health.</p>

Bailout of Edison utility could ignite voter battle

September 8, 2001  ·  Consumer Watchdog

<h3>Consumer advocates say if the bill to help the utility passes they will try to overturn it with a ballot measure next year</h3><p class="source">Associated Press</p> <p>As lawmakers advance a plan to rescue Southern California Edison from bankruptcy, consumer advocates are gearing up for the ballot-box fight to overturn it.</p>

LIGHT AND DARKNESS

September 7, 2001  ·  Consumer Watchdog

<p class="source">LA Weekly</p> <p>The California Power Authority is up and running amid widespread criticism not just from the right, which has always opposed it, but from the left.</p>

Assembly approves deal to rescue Southern California Edison

September 6, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>The state Assembly approved a bill Thursday evening that would let Southern California Edison shift repayment of much of its $3.9 billion debt to business customers.</p>

Bailout Watch #74 – Sep 04, 2001

September 4, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #74 - Sep 04, 2001<br/> <br/> SPECIAL SACRAMENTO WAR ROOM EDITION<br/> <br/> Money, Lies and Videotape. </strong>The timing -- Friday...

Now Davis Doing Too Much, Energy Critics Say

September 4, 2001  ·  Consumer Watchdog

<p class="source">Los Angeles Times</p> <p>Faulted early on for responding sluggishly to the energy crisis, Gov. Gray Davis has reversed course in dramatic fashion, wielding his executive powers in a way critics now say edges toward imperiousness.</p>

Assembly committee approves Edison rescue plan

September 4, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>A key Assembly committee approved a bill Tuesday to rescue near-bankrupt Southern California Edison, sending the measure to the full Assembly for approval.</p>

The Struggle To Move On

September 1, 2001  ·  Consumer Watchdog

<p class="source">Utility Business</p> <p>California has made it through the summer. Now it faces the consequences of its energy woes.</p>

Calif Assembly Committee Passes Elec Profits Tax Bill 5-2

August 31, 2001  ·  Consumer Watchdog

<p class="source">Dow Jones Newswires</p> <p>A Senate bill that would place a windfall-profits tax on electricity sales in California passed the Assembly Revenue and Taxation Committee late Thursday on a 5-2 vote along party lines.</p>