Energy

LAWMAKERS VOTE TO USE RESERVE FUND AS BUSH REJECTS POWER PRICE CAPS

January 19, 2001  ·  Consumer Watchdog

<h3>OFFICIALS ACKNOWLEDGE THE $400 MILLION MIGHT NEVER BE RECOVERED. LIGHTS GO OUT AGAIN IN SOME AREAS, BUT REGULATORS EXPECT TO KEEP THEM ON FOR THE NEXT FEW DAYS.</h3><p class="source">Los Angeles Times</p> <p>The state Legislature on Thursday approved spending hundreds of millions of dollars of taxpayers' money to keep power flowing in California, eating into the state's multibillion-dollar surplus</p>

Calif. still wrestles with power plight

January 19, 2001  ·  Consumer Watchdog

<h3>Specific solutions for state's woes also seem to be in short supply</h3><p class="source">USA TODAY</p> <p>Californians struggled through a second day of rolling blackouts Thursday as lawmakers and regulators sought to bring short-term stability to a chaotic energy picture.</p>

CALIFORNIA LEGISLATURE PASSES $400 MILLION STOPGAP PLAN TO BUY ELECTRICITY FOR THE STATE

January 19, 2001  ·  Consumer Watchdog

<p class="source">National Public Radio MORNING EDITION</p> <p>California lawmakers have given Governor Gray Davis the authority he needs to use state funds to buy electricity to keep power flowing into California.</p>

$ 1 BILLION HANDOUT?

January 19, 2001  ·  Consumer Watchdog

<h3>STATE WILL BUY POWER, PASS IT ON</h3><p class="source">The Daily News of Los Angeles</p> <p>Gov. Gray Davis and the state Legislature moved Thursday to increase their commitment to nearly $ 1 billion in taxpayer money to buy electricity without any clear plan to get paid back</p>

California Lays Victim to Rolling Waves of Cynicism

January 18, 2001  ·  Consumer Watchdog

<p class="source">San Jose Mercury News</p> <p>Cynicism is rolling across California these days along with the blackouts and big utility bills. Most Californians don't doubt they're in the midst of a real energy crisis. But many contend that electricity shortages are simply the work of power companie</p>

ROLLING BLACKOUTS PUSH ENERGY CRISIS FROM THREAT TO REALITY

January 18, 2001  ·  Consumer Watchdog

<h3>SYSTEM OPERATORS PULL PLUG ON CUSTOMERS FROM BAKERSFIELD TO EUREKA. DAVIS DECLARES AN EMERGENCY, CLEARING WAY FOR STATE TO PURCHASE POWER.</h3><p class="source">Los Angeles Times</p> <p>Rolling blackouts dimmed sizable portions of Northern and Central California on Wednesday, shutting businesses and tangling traffic</p>

Power politics

January 17, 2001  ·  Consumer Watchdog

<h3>California Democrats are trying to buy electricity to sell to state utilities, but Republicans and energy companies are crying foul.</h3><p class="source">Salon.com</p> <p>During his State of the State address last week, California Gov. Gray Davis said he did not want to point fingers or assign blame for the state's ever-worsening electricity shortage.</p>

Edison defaults on debt payments

January 17, 2001  ·  Consumer Watchdog

<h3>The decision moves the utility closer to bankruptcy. Some analysts see the move as a bargaining ploy.</h3><p class="source">The Orange County Register</p> <p>California's power crisis lurched into troubling new terrain Tuesday when Southern California Edison, the utility that serves most of Orange County, defaulted on more than half a billion dollars in debt</p>

EDISON IN DEFAULT; ASSEMBLY PASSES PLAN TO BUY POWER

January 17, 2001  ·  Consumer Watchdog

<h3>'TIME HAS SIMPLY RUN OUT,' COMPANY SAYS AS IT ANNOUNCES IT WON'T MAKE $600 MILLION IN PAYMENTS. DETAILS OF STATE PURCHASE CONTRACTS REMAIN UNCERTAIN.</h3><p class="source">Los Angeles Times</p> <p>Southern California Edison edged closer to insolvency Tuesday by declaring that it would not make nearly $ 600 million in electricity and bond payments</p>

California moves to keep utilities supplying power

January 17, 2001  ·  Consumer Watchdog

<h3>Near bankruptcy: Legislature proposes law to buy power on utilities' behalf</h3><p class="source">National Post</p> <p>California lawmakers began rushing an emergency bill through the legislature assembly last night aimed at keeping the lights on in the largest state in the United States.</p>

Calif. Acts to Keep Utilities Solvent

January 17, 2001  ·  Consumer Watchdog

<h3>Assembly Passes Emergency Bill to Make State an Electricity Middleman</h3><p class="source">The Washington Post</p> <p>Reeling from the nation's most serious energy crisis, California's Assembly late tonight passed emergency legislation to keep the state's two biggest utility companies solvent</p>

Assembly votes to buy, sell electricity to bail out power companies

January 17, 2001  ·  Consumer Watchdog

<p class="source">San Jose Mercury News</p> <p>With California's two major utilities on the ropes financially, the Assembly late Tuesday sought to calm Wall Street's jitters, passing hastily drawn legislation</p>