Energy

Calpine Profits To Exceed Goals

March 29, 2001  ·  Consumer Watchdog

<p class="source">Associated Press</p> <p>Fast-growing power generator Calpine Corp. disclosed Thursday that it is cashing in on the rising cost of electricity even more than management anticipated.</p>

Bailout Watch #26 – Mar 28, 2001

March 29, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #26 - Mar 28, 2001<br/> <br/> View today's BW Cartoon: Davis Drives State Into The Perfect Storm</strong><br/> <strong><br/> ...</strong>

Protesters Storm CPUC Over Rate Hike

March 28, 2001  ·  Consumer Watchdog

<p class="source">Energy Daily</p> <p>Amid protesters' chants of "Rate hikes go away, make the energy companies pay," the California Public Utilities Commission unanimously but reluctantly approved a 3 cent per kilowatt-hour retail rate increase</p>

PUC Votes To Jack Up Power Rates

March 28, 2001  ·  Consumer Watchdog

<h3>Tiered increases approved as protests disrupt meeting</h3><p class="source">The San Francisco Chronicle</p> <p>The bill finally came due for California's experiment with electricity deregulation as consumers were hit yesterday with the largest rate increase in state history, an average 40 percent jump in monthly power costs.</p>

PUC APPROVES LARGEST ELECTRICITY RATE INCREASE IN STATE’S HISTORY SOME CUSTOMERS WILL PAY UP TO 46% MORE.

March 28, 2001  ·  Consumer Watchdog

<h3>COMMISSIONERS, FACING STRONG OPPOSITION BEFORE THEIR UNANIMOUS VOTE, SAY THEY ARE TRYING TO AVERT BLACKOUTS. CRITICS SAY MOVE WON'T SOLVE THE CRISIS.</h3><p class="source">Los Angeles Times</p> <p>With protesters jeering their disapproval, besieged utility regulators Tuesday adopted the largest electricity rate hike in the state's history and defended the action as the only way to keep the lights on for millions of customers.</p>

PUC ACTION LEAVES QUESTIONS UNANSWERED, SUCH AS HOW TO HANDLE UTILITIES’ DEBTS AND WHETHER TO BUY GRID.

March 28, 2001  ·  Consumer Watchdog

<p class="source">Los Angeles Times</p> <p>As painful as Tuesday's electricity rate increase will be for some consumers, power experts across the ideological spectrum say California is not yet close to being free of the energy crisis that has engulfed it and threatened its economy.</p>

Editorial: Will higher rates make you serious?

March 28, 2001  ·  Consumer Watchdog

<h3>Few will be surprised that we're finally being asked to pay more -- much more</h3><p class="source">Ventura County Star</p> <p>While Gov. Gray Davis has stubbornly staved off rate increases that the utilities and others have been clamoring for, it was perhaps inevitable that ratepayers would eventually have to pay more.</p>

Consumer activists say they will fight price hikes

March 28, 2001  ·  Consumer Watchdog

<p class="source">Contra Costa Times</p> <p>Calling it the beginning of a ratepayer revolt, consumer activists descended on state regulators who approved a massive electricity rate increase on Tuesday and said they would eventually go to voters to try to get the price hikes reversed.</p>

Consumer activists say they will fight price hikes

March 28, 2001  ·  Consumer Watchdog

<p class="source">Contra Costa Times</p> <p>Calling it the beginning of a ratepayer revolt, consumer activists descended on state regulators who approved a massive electricity rate increase on Tuesday and said they would eventually go to voters to try to get the price hikes reversed.</p>

California regulators OK huge rate increases for power users

March 28, 2001  ·  Consumer Watchdog

<p class="source">The Washington Times</p> <p>California regulators, in a complete reversal, yesterday tossed aside Gov. Gray Davis' pledge not to raise consumer electricity rates and approved record rate increases of up to 46 percent for 25 million power customers.</p>

California Approves Huge Increases in Electricity Rates

March 28, 2001  ·  Consumer Watchdog

<h3>Boosts as High as 46% Decried, Defended</h3><p class="source">The Washington Post</p> <p>The retail price of electricity in California began soaring today as state utility regulators desperate to solve the nation's most dire energy crisis resorted to raising consumer rates by as much as 46 percent.</p>

Calif. Regulators Raise Power Rates

March 28, 2001  ·  Consumer Watchdog

<p class="source">Associated Press</p> <p>Deli owner Sam Sahouria fears further leaps in electricity rates will run him out of business. Belinda Lazzerini says the laundry she uses has already doubled the price per load.</p>