Energy

Wall Street Taking Pulse of Utilities

January 16, 2001  ·  Consumer Watchdog

<p class="source">The New York Times Company</p> <p>When the stock markets open for trading Tuesday morning, investors will be keeping a watchful eye on the parent companies of two of California's largest utilities, wondering if this is the week either declares bankruptcy.</p>

TROUBLES FACING CALIFORNIA IN ITS ENERGY CRISIS

January 16, 2001  ·  Consumer Watchdog

<p class="source">CNBC BUSINESS CENTER</p> <p>The California power crisis has two of California's biggest utilities now on the brink of bankruptcy. Southern California Edison, a unit of Edison International, and Pacific Gas and Electric both had their credit ratings slashed</p>

State asked to act fast on buying electricity; Assembly action to be sought today on plan to help Edison

January 16, 2001  ·  Consumer Watchdog

<p class="source">The San Diego Union-Tribune</p> <p>SACRAMENTO -- Lawmakers plan to take their first step toward solving California's electricity crisis today by asking the Assembly to quickly approve the state's purchase of electricity.</p>

California Legislators Seek Solutions to Utility Crisis

January 16, 2001  ·  Consumer Watchdog

<p class="source">San Jose Mercury News</p> <p>With payments looming for the state's two largest utilities and bankruptcy apparently not far off, lawmakers will be asked today to pass a bailout bill -- and fill in the details later.</p>

California Legislators Debate State Involvement in Energy Crisis

January 16, 2001  ·  Consumer Watchdog

<p class="source">Contra Costa Times</p> <p>Four years after the state moved to deregulate the electricity industry, lawmakers are poised today to step back into the state's power picture when they begin considering whether to buy electricity for millions of Californians.</p>

Political Headlines

January 15, 2001  ·  Consumer Watchdog

<p class="source">FOX SPECIAL REPORT</p> <p>California officials are blaming deregulation for the current electricity emergency in that state.</p>

Peace’s profile low in energy dilemma

January 15, 2001  ·  Consumer Watchdog

<p class="source">The San Diego Union-Tribune</p> <p>SACRAMENTO -- California's power crisis has captured nearly all the energy of the new legislative session.</p>

ENERGY PLAYERS DEEPLY DIVIDED ON RESCUE PLAN

January 15, 2001  ·  Consumer Watchdog

<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>

Consumer groups cry foul at utility’s restructuring bid

January 15, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Consumer groups said Monday that Pacific Gas & Electric Corp.'s restructuring should make lawmakers and Gov. Gray Davis think twice before considering a bailout for troubled utilities.</p>

Calif faces “pay now or later” plan

January 15, 2001  ·  Consumer Watchdog

<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>

CALIFORNIA’S GOVERNOR AND LEGISLATURE CONSIDER PLANS TO RESOLVE THE STATE’S ENERGY CRISIS

January 15, 2001  ·  Consumer Watchdog

<p class="source">MARKETPLACE</p> <p>DAVID BRANCACCIO, anchor: Following marathon negotiations, California's governor says he is close to a deal to fix his state's broken electricity market.</p>

CALIFORNIA CREATES PLAN TO HELP UTILITIES STAVE OFF BANKRUPTCY

January 15, 2001  ·  Consumer Watchdog

<p class="source">CBS MORNING NEWS</p> <p>California lawmakers could consider as early as tomorrow a plan to end the power crisis that's gripping the state. It would, in effect, make the state an electricity broker, but critics say taxpayers would pay a heavy price. Randall Pinkston reports.</p>