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Bailout Watch #56 – Jun 26, 2001

Bailout Watch #56 – Jun 26, 2001

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #56 - Jun 26, 2001<br/> <br/> A.i.</strong><br/> That electricity prices have been Artificially Increased by the wholesalers is beyond...
Plan Won’t Raise Rates, Davis Says

Plan Won’t Raise Rates, Davis Says

<h3>Governor seeks to assure Senate, where Democrats say action is a bailout of nearly bankrupt utility.</h3><p class="source">Los Angeles Times</p> <p>Gov. Gray Davis sought to assure the state Senate on Tuesday that his plan to save Southern California Edison from threatened financial collapse would work without increasing customer rates.</p>
Federal Order Fuels a California Dispute

Federal Order Fuels a California Dispute

<p class="source">The New York Times</p> <p>Most sides involved in California's energy crisis called the decision by federal regulators to place tighter limits on the wholesale price of power a positive if limited step</p>
Davis critics wary of bid to buy grid

Davis critics wary of bid to buy grid

<p class="source">Sacramento Bee</p> <p>Gov. Gray Davis unveiled a new agreement Monday to purchase portions of the state's electricity transmission grid, a move he considers key to solving the current crisis, but critics warned that the state may be moving too fast in the wrong direction.</p>
‘Soft cap’ a win for Davis, cover for GOP

‘Soft cap’ a win for Davis, cover for GOP

<p class="source">Sacramento Bee</p> <p>It was more than Gov. Gray Davis might have expected from a regulatory agency in a Republican administration that has repeatedly and flatly denounced wholesale energy price controls as counterproductive.</p>
State’s future power hinges on unbuilt plants

State’s future power hinges on unbuilt plants

<h3>Big part of supply to come from facilities that don't exist yet</h3><p class="source">The San Francisco Chronicle</p> <p>A whopping 420 million megawatt hours of the electricity California has contracted to buy over the next decade is from power plants that have not yet been built.</p>
Utilities to give 2-day warnings of blackouts

Utilities to give 2-day warnings of blackouts

<h3>PG&E to post maps on Web showing location of outages</h3><p class="source">The San Francisco Chronicle</p> <p>Energy customers will know as early as two days in advance that they could lose power this summer under a plan unveiled yesterday</p>