Energy

California’s largest utility files for bankruptcy

April 7, 2001  ·  Consumer Watchdog

<p class="source">San Jose Mercury News</p> <p>Pacific Gas & Electric Co. filed for bankruptcy Friday, rejecting the governor's desperate attempts to stabilize California's power supply and throwing the contentious issue of electricity rates into the hands of a little-known federal judge.</p>

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>

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>

Davis pulls energy switch

April 6, 2001  ·  Consumer Watchdog

<h3>His proposal for a rate hike, weighted toward heavy electricity users, represents a shift from previous position.</h3><p class="source">The Orange County Register</p> <p>Gov. Gray Davis said Thursday that Californians' electricity rates must be raised to ease the state's energy crisis, and that some of the money should help bail out the strapped utilities, which have rung up $14 billion in debt.</p>

Davis propone plan energético

April 6, 2001  ·  Consumer Watchdog

<h3>Pide al público racionamiento voluntario de electricidad; recibe críticas</h3><p class="source">La Opinion</p> <p>En una alocución transmitida en vivo por la mayoría de las estaciones de radio y televisión del estado, el gobernador Gray Davis anunció ayer un plan destinado a hacer menos penoso para la mayoría de los residentes de California los aumentos en las tarifa</p>