Energy

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>

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>

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>

“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>

Calif. uses more public money to buy power

January 31, 2001  ·  Consumer Watchdog

<p class="source">USA TODAY</p> <p>California stumbled through its 15th straight day of critical power shortages Tuesday as Gov. Gray Davis reopened state coffers to keep spending nearly $ 40 million a day to keep the lights on.</p>

Audits Fuel Debate on Curbing California Power Shortage

January 31, 2001  ·  Consumer Watchdog

<p class="source">The New York Times</p> <p>When California's Public Utilities Commission called for independent audits of the state's two largest utilities last month, the results were supposed to determine whether the utilities were justified in asking for rate increases of up to 30 percent</p>

BUSH WHITE HOUSE CONCERNED ABOUT CALIFORNIA’S ENERGY CRISIS

January 30, 2001  ·  Consumer Watchdog

<h3>AUDIT SHOWS ONE UTILITY TO BE SOLVENT</h3><p class="source">National Public Radio MORNING EDITION</p> <p>President Bush says he's prepared to help relieve California's energy crisis. The president announced yesterday that Vice President Dick Cheney will lead a federal task force</p>

Audit: SoCal Edison saw high profits in dereg’s early days, now broke

January 30, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Edison International harvested $4.8 billion in dividends from Southern California Edison in the five years leading up to the recent run-up in electricity prices that has pushed the utility to the brink of bankruptcy, an audit released late Monday shows.</p>