Energy

PG&E’s Solvency Plan Has Sparks Flying

September 25, 2001  ·  Consumer Watchdog

<h3>The utility says it can get out of bankruptcy without any government funds, but critics see a scheme to evade state regulations</h3><p class="source">Business Week Online</p> <p>California's simmering electricity crisis got what seemed like a jolt of good news on Sept. 20, when PG&E (PCG), the nation's largest electricity and gas provider, announced a plan to get its utility business out of bankruptcy in record time -- and with</p>

Bailout Watch #80 – Sep 21, 2001

September 21, 2001  ·  Consumer Watchdog

<p> <strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #80 - Sep 21, 2001<br/> <br/> PG&E to California: We're above the law.</strong> The Pacific Gas & Electric...</strong> </p>

PG&E PARENT WOULD GET ITS ASSETS

September 21, 2001  ·  Consumer Watchdog

<h3>BANKRUPTCY JUDGE WILL HAVE FINAL SAY ON STRATEGY TO PAY CREDITORS IN FULL</h3><p class="source">Contra Costa Times</p> <p>A plan to restore bankrupt PG&E to fiscal health would transfer its power plants to its parent corporation, a move that worries state officials who would no longer be able to regulate a potentially cheap energy source.</p>

Deal to rescue Southern California Edison dies in Senate

September 19, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Gov. Gray Davis called a third emergency legislative session early Saturday, after the Senate failed to vote on a plan to rescue Southern California Edison from bankruptcy.</p>

California Lawmakers Punt On SCE Bailout; Governor To Try Again

September 18, 2001  ·  Consumer Watchdog

<p class="source">Energy Daily</p> <p>The California Senate balked last week at legislation that would restore Southern California Edison to financial health, choosing instead to adjourn early Saturday without voting on the controversial bill.</p>

Gov. Davis Calls Yet Another Session

September 18, 2001  ·  Consumer Watchdog

<p class="source">The Electricity Daily</p> <p>It's the California version of "The Perils of Pauline." California Gov. Gray Davis has promised to haul lawmakers back for a third "extraordinary session" ....</p>

Developments in California’s Energy Crisis

September 17, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Senate Leader John Burton and a consumer group question the need for the another extraordinary legislative session to deal with Southern California's financial woes</p>

Burton: No Special Session Necessary for Energy Issues

September 17, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Consumer groups and the Senate's top Democrat said Monday there's no need for an extra legislative attempt to save beleaguered Southern California Edison from bankruptcy.</p>

Meter Is Running on Fate of Edison

September 16, 2001  ·  Consumer Watchdog

<h3>The governor orders lawmakers to reconvene to solve the utility's problems, but bankruptcy might happen first.</h3><p class="source">Los Angeles Times</p> <p>Now that the state Legislature has failed to pass a bill to rescue Southern California Edison, the state's second-largest electricity utility lingers in a dangerous limbo between nervous creditors and a rebellious state Senate that is refusing to back the</p>

Watchdogs prowl the Capitol

September 13, 2001  ·  Consumer Watchdog

<h3>Volunteers from the "War Room" lobby to stop the Edison bailout bill</h3><p class="source">Sacramento News & Review</p> <p>Today's battle would be crucial. If this mostly volunteer army could stop the offensive by Governor Gray Davis and the Democrats, there was hope for killing the $2.9 billion bailout package to Southern California Edison, and maybe even restoring the prosp</p>

Watchdogs Prowl the Capitol

September 13, 2001  ·  Consumer Watchdog

<h3>Volunteers from the "War Room" lobby to stop the Edison bailout bill</h3><p class="source">Sacramento News & Review</p> <p>Today's battle would be crucial. If this mostly volunteer army could stop the offensive by Governor Gray Davis and the Democrats, there was hope for killing the $2.9 billion bailout package to Southern California Edison, and maybe even restoring the prosp</p>

Time running out on Edison deal

September 13, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>State lawmakers prepared to rush through hundreds of measures in the remaining two days of the legislative session, but one massive issue remained unsolved Thursday - if and how the state will help Southern California Edison avoid bankruptcy.</p>