Energy

PG&E creditors approve bonuses

June 5, 2001  ·  Consumer Watchdog

<h3>Utility must file reorganization plan by end of year, or CEO only gets $600,000 extra</h3><p class="source">The San Francisco Chronicle</p> <p>PG&E's creditors have agreed to management's plan to shower top executives with $17.5 million in bonuses but balked at the bankrupt utility's initial demand that the cash come with no strings attached</p>

Bailout Watch #50 – Jun 04, 2001

June 4, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #50 - Jun 04, 2001<br/> <br/> Bailout in trouble, blackout to follow?</strong> Late last Friday, Edison informed Wall Street analysts...

Duke Charged Record Price for Electricity

June 2, 2001  ·  Consumer Watchdog

<h3>But energy firm agrees to waive 80% of its $3,880-per-megawatt-hour tab, if it gets paid.</h3><p class="source">Los Angeles Times</p> <p>Duke Energy Corp., one of the power wholesalers that the state has accused of price gouging, charged $3,880 per megawatt-hour for electricity during a brief period last winter--by far the highest price yet disclosed for emergency power.</p>

New Edison plan means business

June 1, 2001  ·  Consumer Watchdog

<h3>An Assembly proposal for bailing out the utility would tap big industrial users. Business interests say it's a political escape.</h3><p class="source">The Orange County Register</p> <p>Assembly leaders are drafting a new rescue plan for Southern California Edison that would force the state's largest businesses to pay for a $3.1 billion bailout of the state's second- largest utility.</p>

Bailout Watch #49 – May 31, 2001

May 31, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #49 - May 31, 2001<br/> <br/> Businesses for the Bailout? </strong>Looks like those business leaders who have been lobbying in support...

Should Americans Be Suffering From High Gas Prices While Oil Companies Thrive?

May 31, 2001  ·  Jamie Court

<p class="source">Fox News Network - THE O'REILLY FACTOR</p> <p>In the "Impact" segment tonight, ExxonMobil profits are in for the first quarter, up 45 percent from last year to a record $5-plus billion for one quarter. Meantime, high gas prices are hurting all working Americans. So what's going on?</p>

Plan would have biggest customers pay Edison’s debt

May 31, 2001  ·  Consumer Watchdog

<p class="source">The San Francisco Chronicle</p> <p>Legislative leaders are drafting a new rescue plan for Southern California Edison that would put the utility back on its feet financially at the expense of its biggest customers.</p>

PG&E sails into bonus storm

May 31, 2001  ·  Consumer Watchdog

<p class="source">Financial Times</p> <p>PG&E, the Californian utility driven to bankruptcy proceedings by the state's power crisis, drew a storm of criticism yesterday over a request to be allowed to pay top managers Dollars 17.5m in bonuses.</p>

Non-disclosure Pacts Keep California Taxpayers in Dark about Power Deals

May 31, 2001  ·  Consumer Watchdog

<p class="source">San Jose Mercury News</p> <p>As state officials cut deals in recent months to spend millions of taxpayer dollars to purchase electricity, they signed agreements not to reveal the terms of those contracts to the public.</p>

Top Consumer Advocate: SoCal Ed Bailout May Be Illegal

May 30, 2001  ·  Harvey Rosenfield

<p class="source">Dow Jones Newswires</p> <p>A bailout of Edison International utility Southern California Edison is unaffordable, unfair, unnecessary and probably unlawful, leading consumer advocate Harvey Rosenfield wrote state legislators Tuesday.</p>

Contract Killings

May 30, 2001  ·  Consumer Watchdog

<h3>How the state's contracts with crucial electric power providers actually encourage them to gouge us</h3><p class="source">SF Weekly</p> <p>As California's energy crisis heads into what promises to be a brutal summer, the degree of dysfunction within the state's electricity market is already painfully apparent.</p>

Bailout Watch #47 – May 29, 2001

May 29, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #47 - May 29, 2001<br/> <br/> THEM. </strong>"They..." Cheney keeps saying. "They had a problem... They've bankrupted the...