Energy

DAVIS STRIKES DEAL WITH EDISON TO BUY GRID

February 25, 2001  ·  Consumer Watchdog

<h3>STATE WOULD PAY $2.76 BILLION FOR GRID AND GUARANTEE BAILOUT BONDS. BUT THE PACT IS MET WITH MUCH SKEPTICISM AND PG&E IS BALKING AT A SIMILAR DEAL</h3><p class="source">Los Angeles Times</p> <p>Gov. Gray Davis announced a major breakthrough Friday in the struggle to bring stability to California's reeling electricity network</p>

Davis reaches tentative deal with Edison to buy power lines

February 24, 2001  ·  Consumer Watchdog

<p class="source">San Jose Mercury News</p> <p>After weeks of anticipation, Gov. Gray Davis emerged from high-stakes talks aimed at rescuing the state's two largest utilities with half a solution</p>

Davis reaches deal with Edison to buy transmission lines for $2.7 billion

February 24, 2001  ·  Consumer Watchdog

<p class="source">Contra Costa Times</p> <p>Gov. Gray Davis has reached agreement with Southern California Edison for the state to buy its transmission lines for $2.7 billion</p>

Edison to sell lines, Davis says

February 24, 2001  ·  Consumer Watchdog

<p class="source">The San Diego Union-Tribune</p> <p>Reaching the first of three accords needed for his power-grid takeover plan, Gov. Gray Davis announced yesterday he has a tentative agreement with Southern California Edison Co. to buy its power lines</p>

EDISON BUYOUT CLOSE

February 24, 2001  ·  Consumer Watchdog

<h3>STATE OKS $2.76 BILLION TO ACQUIRE POWER LINES</h3><p class="source">The Daily News of Los Angeles</p> <p>Gov. Gray Davis announced Friday that the state has reached a tentative agreement with Southern California Edison Co. to buy its transmission lines</p>

Bailout Watch #12 – Feb 23, 2001

February 24, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #12 - Feb 23, 2001<br/> <br/> Stick this in your "existing rate structure."</strong><br/> <br/> No matter how you slice it,...

FIRMS HANDLING BOND ISSUE HAVE ENERGY INDUSTRY TIES

February 22, 2001  ·  Consumer Watchdog

<h3>MANY OF THE COMPANIES HIRED TO OVERSEE $10-BILLION DEAL THAT WILL ALLOW STATE TO BUY ELECTRICITY ALSO HAVE DONE BUSINESS WITH UTILITIES</h3><p class="source">Los Angeles Times</p> <p>More than half of the 26 financial firms hired to oversee California\'s record $ 10-billion bond issue to buy electricity reported business ties to utilities and energy companies</p>

Bailout Watch #11 – Feb 21, 2001

February 22, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #11 - Feb 21, 2001<br/> <br/> $2.3 billion down the tubes.</strong><br/> <br/> Every few days, Bailout Watch will update the amount of...

Senate approves power authority bill

February 21, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Consumer advocates who have fought fiercely against rising utility rates remain skeptical about the state's energy crisis, but some are at least hopeful new legislation will help shift the power business into the state's hands.</p>

Bailout Watch #10 – Feb 20, 2001

February 21, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH: Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #10 - Feb 20, 2001<br/> <br/> Governor unveils his consensus plan without consensus and without a plan.</strong><br/> <br/> In a...

Senate approves power authority bill

February 20, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>California's Senate gave Gov. Gray Davis more leverage in his negotiations with utility companies Tuesday, approving legislation that would allow the state to buy or build power plants.</p>

Power crisis sheds light on lobbying process

February 19, 2001  ·  Consumer Watchdog

<h3>Utilities' donations raise questions of intent</h3><p class="source">Ventura County Star</p> <p>As California's energy crisis approached, the owners of electricity-generating plants and their affiliated organizations began seeking political power in the Golden State</p>