Energy

Bailout Watch #31 – Apr 11, 2001

April 12, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #31 - Apr 11, 2001<br/> <br/> D.O.A. or R.I.P.<br/> <br/> Yes, it's a bailout. </strong>It would be a flat-out lie to...</strong>

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>