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Energy

ENERGY PLAYERS DEEPLY DIVIDED ON RESCUE PLAN

ENERGY PLAYERS DEEPLY DIVIDED ON RESCUE PLAN

<h3>DAVIS' BID TO STABILIZE MARKET COMES UNDER FIRE FROM BOTH SIDES. COMPANIES SAY PROPOSED PAYMENT IS TOO LOW; CONSUMER GROUPS DECRY THE BLUEPRINT AS A BAILOUT.</h3><p class="source">Los Angeles Times</p> <p>Despite Gov. Gray Davis' show of public optimism, the key players in California's electricity saga remain poles apart over the two most fundamental facets of a newly conceived rescue plan</p>
Calif faces “pay now or later” plan

Calif faces “pay now or later” plan

<p class="source">United Press International</p> <p>A plan that would thrust the state into the roll of electricity broker was set to be presented to the California legislature this week, although the proposal was receiving a cool reception on Monday from some consumer advocates and industry representative</p>
Officials Wrestle on Calif. Power

Officials Wrestle on Calif. Power

<p class="source">Associated Press</p> <p>The California legislature hopes to end the state's energy crisis by considering a plan Tuesday to make California a major electricity broker.</p>
DAVIS SAYS STATE WILL BUY POWER FOR RESALE TO UTILITIES

DAVIS SAYS STATE WILL BUY POWER FOR RESALE TO UTILITIES

<h3>THE GOVERNOR ANNOUNCES THE PLAN FOR PURCHASES AT REDUCED RATES DURING A LONG CONFERENCE OF TOP OFFICIALS. OTHER PARTICIPANTS ARE LESS OPTIMISTIC.</h3><p class="source">Los Angeles Times</p> <p>With California's major utilities teetering near bankruptcy, Gov. Gray Davis announced a plan Saturday under which the state would buy power at reduced rates and resell it to the battered companies to stabilize California's haywire electricity market.</p>
Energy deal may be on the horizon

Energy deal may be on the horizon

<h3>State would buy electricity cheaply, re-sell it to utilities</h3><p class="source">Sacramento Bee</p> <p>State officials Friday revealed details of a plan for the state to buy wholesale electricity and re-sell it to California utilities at cost</p>