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Bailout Watch #23 – Mar 22, 2001

Bailout Watch #23 – Mar 22, 2001

<strong>BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #23 - Mar 22, 2001<br/> <br/> Wake up and smell the extortion. </strong>Late Tuesday night, after two full days of rolling...
Calif. Overcharged $6.2B for Power

Calif. Overcharged $6.2B for Power

<p class="source">Associated Press</p> <p>California intensified scrutiny of soaring power prices Thursday, with grid managers accusing wholesalers of overcharging $6.2 billion and the state auditor blaming buyers and sellers for skyrocketing costs.</p>
Energy Mess II: This one belongs to the governor

Energy Mess II: This one belongs to the governor

<p class="source">Sacramento Bee</p> <p>Gov. Gray Davis' recent statement that if he'd wanted to raise electricity rates he could have fixed California's energy mess in 20 minutes may become one of those phrases that haunt politicians to the end of their careers.</p>
EDITORIAL; LIGHTS OUT, SACRAMENTO

EDITORIAL; LIGHTS OUT, SACRAMENTO

<h3>THE STATE CAN'T EVEN IDENTIFY ITS ELECTRICITY PROBLEMS, LET ALONE FIX THEM</h3><p class="source">The Daily News of Los Angeles</p> <p>FOR the past three months, conventional wisdom has been that Sacramento was spending $45 million a day to keep the lights on.</p>
Bailout Watch #22 – Mar 20, 2001

Bailout Watch #22 – Mar 20, 2001

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #22 - Mar 20, 2001<br/> <br/> The sleeping giant is awakened.</strong> Until yesterday, the great population center known to its...
ROLLING BLACKMAIL?

ROLLING BLACKMAIL?

<h3>SOUTHLAND'S FIRST ROTATING OUTAGES PROMPT CHARGES OF PRICE-FIXING, COLLUSION</h3><p class="source">The Daily News of Los Angeles</p> <p>Rolling power blackouts hit Southern California for the first time Monday as critics claimed the shortage was engineered by electricity generators to hold the state hostage.</p>
CALIFORNIA HIT BY BLACKOUTS DUE TO ENERGY CRISIS

CALIFORNIA HIT BY BLACKOUTS DUE TO ENERGY CRISIS

<h3>SAN FRANCISCO MAYOR WILLIE BROWN TALKS ABOUT ENERGY CRISIS IN CALIFORNIA</h3><p class="source">GOOD MORNING AMERICA</p> <p>FORD: And we are joined this morning from San Francisco by Mayor Willie Brown. Mayor Brown, good morning. Mayor WILLIE BROWN: Good morning. How are you, Jack? FORD: Good, thank you. Probably a little bit better than you folks are out there t</p>
Rolling blackouts again plague the Golden State

Rolling blackouts again plague the Golden State

<p class="source">Contra Costa Times</p> <p>The financial collapse of the electric utilities spilled out into the power grid on Monday as money problems contributed to the most widespread outages in California since the term "rolling blackouts" became part of the state's lexicon.</p>