Energy

Davis reps warn lawmakers of possible 50 percent power rate hike

March 24, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>State power regulators may have to raise rates for customers of two financially strapped utilities at least 50 percent to cover the state's power purchases on their behalf, The Associated Press has learned.</p>

Davis at Fund-Raiser as His Bill Languishes

March 24, 2001  ·  Consumer Watchdog

<h3>Critics say he should have been at Capitol</h3><p class="source">The San Francisco Chronicle</p> <p>While the Assembly struggled -- and failed -- to pass a bill aimed at keeping hundreds of small energy generators from bankruptcy, Gov. Gray Davis attended a $10,000-a-head golf fund-raiser yesterday in Palm Desert.</p>

Bombshell Warning on Power Cost

March 24, 2001  ·  Consumer Watchdog

<h3>Spending may double and rates skyrocket, governor's office tells Legislature</h3><p class="source">The San Francisco Chronicle</p> <p>Top Davis administration officials told lawmakers yesterday that the state may have to spend twice as much as expected on electricity purchases over the next two years - requiring rate increases of as much as 100 percent.</p>

Bailout Watch #24 – Mar 23, 2001

March 24, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #24 - Mar 23, 2001<br/> <br/> Killing the goose that laid the golden egg.</strong> While California's rolling blackouts garner the...

Pronostican que Bush hará bajar los precios de energía

March 23, 2001  ·  Harvey Rosenfield

<h3>Activistas aseguran que la crisis podría crear recesión en el país en el verano</h3><p class="source">La Opinión</p> <p>En el verano, el presidente George W. Bush deberá hacer bajar los precios de la electricidad para evitar que la crisis económica de California se convierta en depresión en todo Estados Unidos, pronosticó ayer Harvey Rosenfield</p>

ISO estimates price-fixing cost to consumers to be $6.2 billion

March 23, 2001  ·  Consumer Watchdog

<p class="source">The San Diego Union-Tribune</p> <p>California's power grid managers said yesterday that energy company price fixing over a recent 10-month period has cost consumers at least $6.2 billion.</p>

ESTIMATE OF POSSIBLE OVERCHARGES FOR ELECTRICITY RISES TO $6.3 BILLION

March 23, 2001  ·  Consumer Watchdog

<h3>GRID OPERATOR SAYS IT HAS NOT ASSESSED HOW MUCH SHOULD BE REFUNDED. PRODUCERS DENY THAT THEY HAVE PROFITEERED.</h3><p class="source">Los Angeles Times</p> <p>California's power grid operator boosted its estimate of potential overcharges by major electricity suppliers from $ 5.5 billion to nearly $ 6.3 billion Thursday. But lawyers and industry observers said prospects for a massive refund are highly uncertain</p>

Bailout Watch #23 – Mar 22, 2001

March 23, 2001  ·  Consumer Watchdog

<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...

Out-of-state generators question power regulators’ authority

March 22, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>At least three major out-of-state electricity generators are challenging the authority of the California Public Utilities Commission to investigate whether they deliberately reduced power supplies to drive up prices.</p>

Calif. Overcharged $6.2B for Power

March 22, 2001  ·  Consumer Watchdog

<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

March 21, 2001  ·  Consumer Watchdog

<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

March 21, 2001  ·  Consumer Watchdog

<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>