Great News! Long-Term Contracts Jeopardized
<p class="source">Dow Jones Newswires</p>
Energy
California Democrats, Republicans Divided over Bush Energy Plan
<p class="source">Contra Costa Times</p>
<p>Using a two-pronged strategy, Gov. Gray Davis responded to President Bush's energy plan Thursday by assailing its lack of immediate help for California while at the same time making a plea for greater assistance.</p>
Advocacy group will not force referendum on $13 billion bonds for power
<p class="source">The Associated Press</p>
<p>An influential consumer advocacy group has decided not to seek a public referendum on the state's plan to issue $13 billion in bonds for power purchases.</p>
Power-hungry Californians hit by electric shock
<p class="source">The Times (London)</p>
<p>Where's all the outrage?CALIFORNIANS, who have enjoyed almost unlimited cheap electricity for decades to power their air-conditioning, catering-size fridges and outdoor pools, are to be charged up to a third more for usage</p>
PUC doles out increases
<h3>Customers of Edison, PG&E get rate shock. SDG&E spared for now</h3><p class="source">The San Diego Union-Tribune</p>
<p>In the preview of a movie SDG&E customers don't want to see, the state Public Utilities Commission walloped customers of California's other major utilities with electricity rate increases as high as 50 percent yesterday.</p>
CALIFORNIA ENERGY COSTS ON THE RISE
<p class="source">National Public Radio</p>
<p>In California, the costs of power shortages keep rising. Many Californians will see a record increase in electricity rates when they open their June utility bills. The shock is just beginning to register</p>
CALIFORNIA ENERGY COSTS ON THE RISE
<p class="source">NPR - ALL THINGS CONSIDERED</p>
<p>In California, the costs of power shortages keep rising.</p>
$5.7-Billion Energy Rate Hike Is OKd
<h3>PUC shifts some of the increase away from businesses and farms to residential users. The rates, designed to reward those who conserve, are retroactive to March</h3><p class="source">Los Angeles Times</p>
<p>Voicing fears for the health of California's economy, the state's chief utility regulator Tuesday shifted some of a $5.7-billion rate increase away from agricultural and industrial customers and placed it on millions of residential customers</p>
Bailout Watch #42 – May 15, 2001
<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/>
<br/>
Bailout Watch #42 - May 15, 2001<br/>
<br/>
Bankrupt Leadership Edition</strong><br/>
While the energy cartel threatens the state with financial...
PUC stalls decision on rate boost
<h3>Consumer group says big business to benefit</h3><p class="source">The San Francisco Chronicle</p>
<p>State regulators yesterday delayed until this afternoon a vote on the most sweeping electricity rate increase in California history so they could reduce the effect on heavyweight corporate customers.</p>
Local leader blasts FTC investigation
<p class="source">Las Vegas Business Press</p>
<p>News of the Federal Trade Commission exonerating oil companies against charges of violating antitrust laws and collusion in several Western states didn't Surprise one local official who participated in the three-year investigation.</p>
ARGUMENTS
<h3>Who can keep California turned on?</h3><p class="source">The San Francisco Chronicle</p>
<p>Two energy-policy experts agree that the status quo is a disaster, but they differ on how to fix it. In this e-mail debate, Harvey Rosenfield says the state should take over, while Adrian Moore thinks the free market can do a better job.</p>