Energy

California’s largest utility files for bankruptcy

April 7, 2001  ·  Consumer Watchdog

<p class="source">Contra Costa Times</p> <p>California's 11-month-old electricity crisis took a dramatic turn Friday when the venerable Pacific Gas & Electric Co. unexpectedly filed for bankruptcy, stunning state officials, consumers and investors.</p>

California utility files for bankruptcy

April 7, 2001  ·  Consumer Watchdog

<p class="source">Agence France Presse</p> <p>Frustrated with stalled negotiations with California state officials to stop financial hemorrhaging, Pacific Gas and Electric Company filed Friday for bankruptcy protection.</p>

Bankrupt PG&E files for protection

April 7, 2001  ·  Consumer Watchdog

<h3>CHAPTER 11: Gov. Davis says action complicates negotiations with Edison.</h3><p class="source">Ventura County Star</p> <p>Pacific Gas and Electric, which delivers power to 13 million users in Northern California, filed for bankruptcy Friday, turning its back on Gov. Gray Davis and abandoning hopes for a negotiated resolution to the state's energy crisis.</p>

What people are saying about utility’s bankruptcy filing

April 7, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Here's what lawmakers, residents and others said Friday about Pacific Gas and Electric Co.'s bankruptcy filing:</p>

Power crisis divides Calif. congressional delegation

April 7, 2001  ·  Consumer Watchdog

<p class="source">San Diego Union Tribune</p> <p>Back in 1997, as California's experiment with electricity deregulation was about to get under way, the state's entire House delegation signed a letter assuring congressional leaders that the plan would ''provide tremendous benefits to the citizens</p>

Pacific Gas bankruptcy shouldn’t hurt Mass.

April 7, 2001  ·  Consumer Watchdog

<p class="source">The Boston Herald</p> <p>Yesterday's bankruptcy filing by Pacific Gas & Electric Co. should have little or no impact on Massachusetts plants owned by a sister subsidiary, experts said yesterday.</p>

Pacific G&E Files for Chapter 11

April 7, 2001  ·  Consumer Watchdog

<p class="source">Associated Press</p> <p>Gov. Gray Davis lashed out Pacific Gas and Electric's decision to file for bankruptcy, calling it selfish and "a slap in the face for Californians."</p>

PG&E DECLARES BANKRUPTCY; STATE’S CRISIS PLANS COLLAPSE

April 7, 2001  ·  Consumer Watchdog

<h3>CHAPTER 11 FILING, THIRD-LARGEST IN HISTORY, PUTS THE UTILITY'S FATE IN A JUDGE'S HANDS. COMPANY SAYS RESCUE TALKS WERE 'GOING NOWHERE'</h3><p class="source">Los Angeles Times</p> <p>California's largest utility, Pacific Gas & Electric, filed for federal bankruptcy protection Friday, unraveling the state's efforts to resolve the energy crisis and effectively turning the utility's future over to a federal judge.</p>

Reaction Mixed on PG&E’s Bankruptcy Filing Announcement

April 6, 2001  ·  Consumer Watchdog

<p class="source">City News Service</p> <p>PG&E's announcement today that it has filed for Chapter 11 bankruptcy protection was derided by the mayor of Los Angeles and a Santa Monica public watchdog group -- and questioned by a PUC commissioner.</p>

Ratepayers, consumer advocates, power suppliers score Davis’ speech

April 6, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Ratepayers and consumer advocates found themselves in rare agreement Thursday with big power companies on at least one segment of California's energy crisis</p>

In California, Reversal on Energy Rates

April 6, 2001  ·  Consumer Watchdog

<p class="source">The New York Times</p> <p>Bowing to the inevitable, Gov. Gray Davis of California tonight dropped his longstanding opposition to higher electricity rates</p>

Governor proposes rate hike; Some S. D. County homes exempt but others could see bills rise average 27%

April 6, 2001  ·  Consumer Watchdog

<p class="source">The San Diego Union-Tribune</p> <p>Gov. Gray Davis dropped his opposition to an electricity rate hike yesterday and proposed an increase -- exempting San Diego County residences that use relatively little power and upping the monthly bill for others by an average of 27 percent.</p>