Energy

Utility urges lawmakers to head off bankruptcy

April 20, 2001  ·  Consumer Watchdog

<p class="source">The San Francisco Chronicle</p> <p>Although lawmakers are skeptical of the state's multibillion-dollar deal to acquire the power lines of Southern California Edison, the head of the utility's parent company warned yesterday that failure to approve the accord could lead to a long and cost</p>

Bailout Watch #34 – Apr 19, 2001

April 19, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #34 - Apr 19, 2001<br/> <br/> Whining and Dynegy. </strong>Dynegy, which paid approximately $356 million to buy California power plants...

State’s power tab may soon double

April 19, 2001  ·  Consumer Watchdog

<h3>Energy Experts predict a daily rate of $150 million this summer, as Davis considers not paying beyond a set rate.</h3><p class="source">The Orange County Register</p> <p>The state's tab for buying electricity is expected to double to $150 million a day during the summer's peak-usage periods, experts said Wednesday, meaning an even faster depletion of the state surplus</p>

TELEPHONY

April 17, 2001  ·  Consumer Watchdog

<p class="source">Communications Daily</p> <p>Cal. consumer watchdog group that last Dec. sued to oust PUC Comr. Henry Duque for investing in Nextel mobile phone stock, has raised questions about some of his other investments.</p>

PG&E Corp. still finds positives amid $4.1 billion fourth-quarter loss

April 17, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Even as it reported a $4.1 billion fourth-quarter loss Monday, PG&E Corp. still found something to brag about.</p>

Bailout Watch #33 – Apr 16, 2001

April 16, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #33 - Apr 16, 2001<br/> <br/> The Governor puts his foot down!?!</strong> Yesterday's San Francisco Chronicle reports that, prior to...

Plan to Save Edison Faces Skepticism in Sacramento

April 16, 2001  ·  Consumer Watchdog

<h3>No legislative clamor for Davis' bailout deal</h3><p class="source">The San Francisco Chronicle</p> <p>Gov. Gray Davis may have a hard time persuading skeptical lawmakers to approve the deal he reached last week to rescue Southern California Edison.</p>

PG&E sent hard-nosed proposal to Davis demanding no regulation

April 16, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Pacific Gas and Electric Co. officials demanded the utility be cut free from state regulation and be allowed to push huge rate increases onto its customers, two weeks before negotiations with Gov. Gray Davis broke off, the San Francisco Chronicle reported</p>

Greed Fuels Energy Crisis

April 16, 2001  ·  Consumer Watchdog

<p class="source">In These Times</p> <p>Deregulation of the energy industry was supposed to bring lower prices through the invisible hand of the free market. It didn't. Ask any electricity consumer in California, natural gas consumer in the Midwest or home heating oil consumer in the Northea</p>

Power company pitches short-term plan for energy crisis

April 16, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Officials from Reliant Energy Inc., one of the energy companies widely blamed for the power crisis in California, met with Gov. Mike Leavitt Monday to pitch a solution for this summer's energy shortages.</p>

State could get zapped by cost of power buys come summer

April 15, 2001  ·  Consumer Watchdog

<p class="source">San Diego Union Tribune</p> <p>The Legislature returns from spring break today facing what some fear could become a deepening crisis runaway spending for power this summer that seriously undermines the state budget.</p>

PG&E Took Hard Line, Dooming State Talks

April 15, 2001  ·  Consumer Watchdog

<h3>Secret plan shows utility demanded less regulation</h3><p class="source">The San Francisco Chronicle</p> <p>PG&E's bailout talks with Gov. Gray Davis fell apart after the utility demanded unprecedented freedom from regulatory oversight and the ability to pass along huge rate increases to consumers, The Chronicle has learned.</p>