Energy

Calif. puts its energy in blame

April 11, 2001  ·  Consumer Watchdog

<p class="source">The Baltimore Sun</p> <p>A blame game over California's electricity crisis is in full swing in the wake of the declaration of bankruptcy by one of the state's two biggest power utilities and a deal by beleaguered Democratic Gov. Gray Davis to avoid bankruptcy by the other.</p>

WALL STREET GIVES THUMBS UP TO CALIFORNIA GOVERNOR GRAY DAVIS’ PROPOSED DEAL TO BUY SOUTHERN CALIFORNIA EDISON

April 10, 2001  ·  Consumer Watchdog

<p class="source">MARKETPLACE</p> <p>Wall Street is giving a big thumbs up to California Governor Gray Davis' proposed deal to buy Southern California Edison's transmission lines for $ 2.7 billion and to allow Edison to recoup part of its multibillion-dollar debt from consumers.</p>

Takeover of grid in doubt PG&E’s bankruptcy filing complicates the state’s plan to acquire power lines.

April 10, 2001  ·  Consumer Watchdog

<p class="source">Sacramento Bee</p> <p>Can California be nourished by part of a hot dog?</p>

Deal Struck With Utility, California Governor Says

April 10, 2001  ·  Consumer Watchdog

<p class="source">The New York Times</p> <p>Gov. Gray Davis announced today that he had signed an agreement with Southern California Edison, the state's second-largest utility, that is intended to restore the troubled utility to financial health.</p>

Davis Seals Power Deal With Edison to Buy Lines

April 10, 2001  ·  Consumer Watchdog

<h3>10-YEAR PACT: $2.76 billion swap buys low-cost electricity</h3><p class="source">The San Francisco Chronicle</p> <p>Gov. Gray Davis and Southern California Edison reached final agreement yesterday on a $2.8 billion bailout deal that includes the state taking possession of the utility's 12,000 miles of power lines.</p>

California to Purchase Transmission Lines for $ 2.76 Billion

April 10, 2001  ·  Consumer Watchdog

<p class="source">Contra Costa Times</p> <p>Gov. Gray Davis reached an agreement Monday to buy high-voltage transmission lines in Southern California for $ 2.76 billion</p>

BAILOUT OR BUYOUT?

April 10, 2001  ·  Consumer Watchdog

<h3>STATE TO PAY EDISON $2.76 BILLION FOR POWER LINES</h3><p class="source">The Daily News of Los Angeles</p> <p>Under a deal to keep cash-strapped Southern California Edison out of bankruptcy, Gov. Gray Davis said Monday the state has agreed to buy the utility's power lines for $2.76 billion.</p>

Bailout Watch #30 – Apr 09, 2001

April 10, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #30 - Apr 09, 2001<br/> <br/> As Ye Sow, So Shall Ye Reap.</strong> P.G.&E. wrote the 1996 deregulation law, reaped its financial...

Utility’s bankruptcy filing adds to California’s confusion

April 9, 2001  ·  Consumer Watchdog

<p class="source">USA TODAY</p> <p>California's largest utility threw more heat than light on the state's energy muddle by filing for bankruptcy, power players in the deepening 9-month drama say.</p>

Utility’s bankruptcy filing adds to California’s confusion

April 9, 2001  ·  Consumer Watchdog

<p class="source">USA TODAY</p> <p>California's largest utility threw more heat than light on the state's energy muddle by filing for bankruptcy, power players in the deepening 9-month drama say.</p>

Power Grab — Some Democrats Favor Seizing Plants

April 9, 2001  ·  Consumer Watchdog

<p class="source">The San Francisco Chronicle</p> <p>With the prospect that state power buyers could burn through more than $2 billion a month this summer, some state Democratic leaders are pushing for a takeover of private power plants</p>

Davis agrees to buy transmission lines from Edison

April 9, 2001  ·  Consumer Watchdog

<p class="source">Sacramento Bee</p> <p>Just three days after Pacific Gas and Electric Co. filed for bankruptcy protection and cut off negotiations with the state, Gov. Gray Davis on Monday announced an agreement with Southern California Edison</p>