Energy

Assembly committee considers aid for Southern California Edison

August 27, 2001  ·  Consumer Watchdog

<p class="source">Associated Press</p> <p>As lawmakers Monday considered giving financial support to Southern California Edison, a consumer watchdog group called the effort a "bailout" and pledged to fight it -- even if it meant calling for a statewide referendum.</p>

Activistas irán a Sacramento

August 25, 2001  ·  Consumer Watchdog

<h3>Invitan al público para que los acompañen; intentarán influenciar a los legisladores para que no rescanten financieramente a compañía eléctrica</h3><p class="source">La Opinión</p> <p>Los residentes del Sur de California podrían terminar pagando cientos de millones de dólares si la Legislatura estatal ayuda a Southern California Edison a salir de la crisis económica que sufre esa compañía, afirmaron ayer organizaciones del consumidor.</p>

Activistas irán a Sacramento

August 25, 2001  ·  Consumer Watchdog

<h3>Invitan al público para que los acompañen; intentarán influenciar a los legisladores para que no rescanten financieramente a compañía eléctrica</h3><p class="source">La Opinion</p> <p>Los residentes del Sur de California podrían terminar pagando cientos de millones de dólares si la Legislatura estatal ayuda a Southern California Edison a salir de la crisis económica que sufre esa compañía, afirmaron ayer organizaciones del consumidor.</p>

State Power Authority to Take Energy Reins Today

August 24, 2001  ·  Consumer Watchdog

<h3>Agency has $5 billion to spend and broad discretion. Critics say it's unnecessary.</h3><p class="source">Los Angeles Times</p> <p>When Chairman S. David Freeman gavels the new state Public Power Authority into session today, he will launch an agency that is the centerpiece of California's plan to tame its volatile electricity market.</p>

PUC conflict case off to rocky start

August 24, 2001  ·  Consumer Watchdog

<h3>Judge says court lacks authority to boot commissioner</h3><p class="source">The San Francisco Chronicle</p> <p>A San Francisco Superior Court judge yesterday rejected a watchdog group's request to oust a state utility commissioner for investing roughly $27,000 in a mobile-phone company his agency helps regulate.</p>

Californians should reject utility bailout

August 24, 2001  ·  Consumer Watchdog

<p class="source">San Diego Union-Tribune</p> <p>Term-limited California legislators often behave as if history began six years ago. But statehouse politicians who are being strong-armed this week by Gov. Gray Davis and Assembly Speaker Robert Hertzberg to support a $7 billion public bailout of Southern</p>

Governor, Legislators Agree On Scaled-Down SCE Rescue Package

August 23, 2001  ·  Consumer Watchdog

<p class="source">Energy Daily</p> <p>California Gov. Gray Davis and leaders of the California Assembly late Tuesday approved the rough outlines of a deal aimed at keeping Southern California Edison out of bankruptcy, but the proposal has been blasted by state consumer groups as a bail-out.</p>

Little Progress Is Made in Fixing California Electricity Crisis

August 22, 2001  ·  Consumer Watchdog

<p class="source">Contra Costa Times</p> <p>The quest for billions of dollars to restore stability to California's troubled electricity industry continued on several fronts Tuesday but at the end of the day there was little visible progress toward ending the year-long crisis.</p>

Davis backs Edison rescue plan

August 22, 2001  ·  Consumer Watchdog

<h3>The $2.9 billion proposal draws fire from many sides.</h3><p class="source">Sacramento Bee</p> <p>Gov. Gray Davis and Assembly Democratic leaders reached agreement Tuesday on a $2.9 billion rescue plan for the state's second-largest utility, but the pact was immediately blasted by business, consumer and other critics.</p>

Scaled-Back Edison Bailout Plan Emerges

August 22, 2001  ·  Consumer Watchdog

<h3>Possible deal to keep the company afloat would not cover all of its debts. Passage is still iffy.</h3><p class="source">Los Angeles Times</p> <p>The rough outlines of a possible deal to keep Southern California Edison out of bankruptcy began to emerge Tuesday as Gov. Gray Davis made a personal plea for lawmakers to approve a scaled-back bailout plan and company officials backed away from opposing</p>

The Coming Showdown at the Ballot Box

August 21, 2001  ·  Consumer Watchdog

<!-- excerpt --><p>The Showdown isn't inevitable: sensible lawmakers (or those merely concerned about self-preservation) will vote against any bailout that requires residential and small business ratepayers to pay one more penny to rescue the utilities' executives and shareholders from their irresponsible and reckless conduct. They will also support SB 2X 18, Senate President John Burton's bill to ensure that energy deals are open to public scrutiny and regulatory oversight, as the state constitution requires. But if worst comes to worst -- we're ready. Buckle your seat belts.</p>

Bailout Watch #68 – Aug 21, 2001

August 21, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #68 - Aug 21, 2001<br/> <br/> Back in the Sac. </strong>With three weeks left in this year's legislative session, we've entered the...