Energy

Davis’ proposal aims to buy electricity transmission lines

February 16, 2001  ·  Consumer Watchdog

<p class="source">San Jose Mercury News</p> <p>California would pay its troubled electric utilities up to $8 billion to buy their transmission lines _ more than twice an independent estimate of the network's value _ as part of a proposal Gov. Gray Davis is shopping around</p>

Davis to unveil rescue proposal Power line buyout could cost consumers

February 16, 2001  ·  Consumer Watchdog

<p class="source">Sacramento Bee</p> <p>Democratic lawmakers and Gov. Gray Davis today will propose a plan to rescue two debt-ridden utilities by buying their transmission lines and asking ratepayers to pick up a portion of the tab.</p>

California governor proposes state power line purchase

February 16, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Plunging California deeper into the energy business, Gov. Gray Davis proposed a multibillion-dollar plan Friday to rescue two utilities from the brink of bankruptcy</p>

Utilities not thrilled with Davis’ energy plan

February 16, 2001  ·  Consumer Watchdog

<p class="source">Sacramento Bee</p> <p>Gov. Gray Davis unveiled a multibillion-dollar plan Friday that he claims will rescue debt-ridden utilities with little or no rate increase, but the long-awaited proposal wasn't immediately embraced by either the Legislature or utility executives.</p>

State assistance keeps advancing as Calif. IOU bailout talks continue

February 16, 2001  ·  Consumer Watchdog

<p class="source">Retail Services Report</p> <p>California lawmakers and consumer advocates breathed a collective sigh of relief early this week when a federal district court in Los Angeles denied Southern California Edison's request for a preliminary injunction against the state Public Utilities Comm</p>

Bailout Watch #9 – Feb 15, 2001

February 16, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #9 - Feb 15, 2001<br/> <br/> D-Day for Gray</strong><br/> <br/> Friday is Decision Day for Governor Gray Davis. He is scheduled...

Troubled power firm tries to restart two generators

February 15, 2001  ·  Doug Heller

<p class="source">The Associated Press</p> <p>The owner of a Huntington Beach power plant that has agreed to pay $17 million to settle air pollution claims is trying to crank up two dormant generators to feed the state's ailing power grid.</p>

State’s tally nears $2 billion for short-term power buys

February 15, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>The state Wednesday prepared to spend $500 million more on emergency power-buying, raising the tally to nearly $2 billion</p>

Davis to announce buying of transmission lines

February 15, 2001  ·  Consumer Watchdog

<p class="source">Sacramento Bee</p> <p>Democratic lawmakers and Gov. Gray Davis Friday will propose a plan to rescue two debt-ridden utilities by buying their transmission lines, requiring their parent companies and ratepayers to pick up the rest of the tab.</p>

CREDITORS CHAFE AT STATE’S PACE ON POWER CRISIS

February 15, 2001  ·  Consumer Watchdog

<p class="source">Los Angeles Times</p> <p>The California energy crisis is hurtling along two tracks--one the slow lane of legislative politics, the other the hyper-speed autobahn of high finance.</p>

Berkeley Takes On Energy Crisis

February 15, 2001  ·  Consumer Watchdog

<p class="source">The San Francisco Chronicle</p> <p>Let no one accuse Berkeley of shirking the search for solutions to the energy crisis.</p>

Bailout Watch #8 – Feb 14, 2001

February 15, 2001  ·  Consumer Watchdog

<strong>BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians<br/> <br/> Bailout Watch #8 - Feb 14, 2001<br/> <br/> $2 billion in ransom payments.</strong><br/> <br/> FTCR warned that opening the state's treasury to...