Energy

STATE APPROVES BOND SALE TO PAY FOR POWER

February 2, 2001  ·  Consumer Watchdog

<h3>AFTER LEGISLATIVE BATTLE, DAVIS SIGNS BILL THAT WILL RAISE UP TO $10 BILLION AND COULD HIKE RATES. HE ALSO ORDERS RETAILERS TO CUT OUTDOOR LIGHTING OR FACE FINE</h3><p class="source">Los Angeles Times</p> <p>Bowing to the grim realities of California's energy crisis, Gov. Gray Davis signed legislation Thursday that authorizes the state to sell up to $ 10 billion in bonds--about $ 300 of debt for every person in the state--to buy electricity that private utili</p>

PRIVATE POWER PRODUCERS INCREASE POLITICAL DONATIONS

February 2, 2001  ·  Consumer Watchdog

<h3>ENERGY COMPANIES STEP UP CONTRIBUTIONS, WHILE FLOW FROM UTILITIES DWINDLES.</h3><p class="source">Los Angeles Times</p> <p>As cash-strapped utilities curtail campaign donations to California lawmakers, privately owned power producers appear ready to pick up at least some of the slack.</p>

FOUR UTILITY OFFICIALS SOLD STOCK BEFORE CRISIS

February 2, 2001  ·  Consumer Watchdog

<h3>ONE MADE $31,140, ANOTHER $87,512 BEFORE THE FIRMS' FINANCIAL PROBLEMS WERE WIDELY KNOWN. PG&E AND EDISON DEFEND THE TRANSACTIONS.</h3><p class="source">Los Angeles Times</p> <p>Three senior executives and a board member of Pacific Gas & Electric and Edison International profited from stock sales last year</p>

California Lawmakers Pass Energy Plan

February 2, 2001  ·  Consumer Watchdog

<p class="source">The New York Times</p> <p>With deadlines looming and electricity at dangerously low levels for a 17th straight day, the California State Legislature narrowly approved a $10 billion plan today to let the state buy power through long-term contracts</p>

Calif. to begin buying, selling power

February 2, 2001  ·  Consumer Watchdog

<h3>Step triggers fears of high utility bills</h3><p class="source">USA TODAY</p> <p>California officially entered the power business Thursday when Gov. Gray Davis signed a $ 10 billion package that even supporters called a poor answer to the state's escalating energy crisis.</p>

Ten Myths of Utility Deregulation

February 1, 2001  ·  Consumer Watchdog

<h3>A Public Citizen Report</h3><p class="source">Public Citizen</p>

California Utility Execs Sell Stock

February 1, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Four California utility executives sold small stakes in their companies last year before management began issuing dire bankruptcy warnings that contributed to a steep decline in the stocks.</p>

Calif. enters power business

February 1, 2001  ·  Consumer Watchdog

<p class="source">Sacramento Bee</p> <p>With a flick of the wrist, Gov. Gray Davis on Thursday plunged California deep into the power-buying business by signing the first major piece of legislation aimed at taming the state's haywire electricity market.</p>

CALIFORNIA RACING TO KEEP STATE’S ENERGY CRISIS FROM REACHING CRITICAL MASS

February 1, 2001  ·  Consumer Watchdog

<p class="source">CBS EVENING NEWS</p> <p>California raced today to keep the state's energy crisis from reaching critical mass and cascading wider and deeper into the US economy.</p>

Small Consumer Rate Protection

February 1, 2001  ·  Consumer Watchdog

<h3>Consumer Groups' Proposal for Electricity Re-Regulation</h3> <p>California Senate Bill 18X (2001) would require utilities to sell energy to residential ratepayers, small businesses, family farms and light industry at a regulated price.</p>

“Wall Street West” Turns Power Solution Into Market Solution

February 1, 2001  ·  Consumer Watchdog

<!-- excerpt --><p>As California's governor and legislators deal with the energy crisis, the statehouse has become "Wall Street West" with an invasion of New York investment bankers playing pivotal roles. </p>

Lobbyists, advocates battle for leverage on electricity issue

January 31, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Rival lobbyists swarmed through the Capitol, battling to protect their interests as lawmakers wrangled over a multbillion-dollar scheme to stabilize California's deregulated electricity market.</p>