Energy

Reaction to Gov. Gray Davis’ State of the State speech:

January 8, 2001  ·  Doug Heller

<h3>ON ENERGY</h3><p class="source">The Associated Press</p> <p>"Governor Davis finally got the message that he needs to be bold in dealing with this energy crisis. He seems to be willing to use the power of the state to stand up to these unregulated power generators that have been choking the state. -- Doug Heller</p>

Governor seeks overhaul of troubled California power system

January 8, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Gov. Gray Davis urged sweeping changes Monday to California's beleaguered electricity system, proposing a public agency to build power plants and threatening to seize the plants of wholesalers who gouge consumers and utilities.</p>

California Legislature now on the spot in high-stakes poker game

January 8, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>The battle over who should foot California's astronomical electricity bill is becoming a political showdown that pits the financial might of Wall Street financiers against the voting power of Main Street consumers.</p>

CALIFORNIA RESIDENTS HOPE GOVERNOR WILL ADDRESS THE ENERGY CRISIS IN HIS STATE OF THE STATE SPEECH

January 8, 2001  ·  Consumer Watchdog

<p class="source">National Public Radio MORNING EDITION</p> <p>California Governor Gray Davis delivers his annual State of the State address today in Sacramento. He's not expected to make any dramatic announcements</p>

Utility crisis grows despite rate increase

January 7, 2001  ·  Consumer Watchdog

<h3>California considers power agency</h3><p class="source">The Washington Times</p> <p>LOS ANGELES - Immediate catastrophe was probably avoided in the California power crunch last week when officials allowed the state's two largest electric utilities a 90-day rate increase of 9 percent for residential customers and up to 15 percent for busi</p>

California ponders rescue of cash-strapped utilities

January 6, 2001  ·  Consumer Watchdog

<h3>Selling bonds an option: Credit downgrades to deepen debt of PG&E, Edison</h3><p class="source">National Post</p> <p>SACRAMENTO, Calif. - California legislators are discussing ways to resolve the credit crisis of PG&E Corp. and Edison International, owners of the state's two biggest utilities.</p>

Wall St. hammers credit rating, stocks of California utilities

January 5, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>Wall Street shoved California's two largest utilities farther out on a flimsy financial limb Thursday after state regulators approved "wholly insufficient" electricity rate increases.</p>

GOVERNOR, LEGISLATORS MOVING TOWARD BAILOUT OF UTILITIES

January 5, 2001  ·  Consumer Watchdog

<h3>BONDS ISSUED BY THE STATE COULD BE A KEY ELEMENT. OTHER OFFICIALS CALL FOR A PUBLIC POWER AUTHORITY. THE PUC APPROVES A 90-DAY RATE HIKE.</h3><p class="source">Los Angeles Times</p> <p>Gov. Gray Davis and legislators Thursday moved toward a possible state bailout of private utilities struggling to pay runaway electricity prices.</p>

Commission approves 9 percent power rate hikes for residents

January 5, 2001  ·  Consumer Watchdog

<p class="source">The Orange County Register</p> <p>The California Public Utilities Commission on Thursday approved modest electricity rate hikes and called for a new round of regulatory steps to solve the state's power crisis, while Wall Street signaled that the increases weren't enough.</p>

Davis names aide to PUC before rate-hike vote Action shifts power to board Democrats

January 4, 2001  ·  Consumer Watchdog

<p class="source">Sacramento Bee</p> <p>A day before the state Public Utilities Commission casts a critical vote on a recommended electricity rate increase, Gov. Gray Davis on Wednesday appointed his staff director to the five-member body</p>

California Commission Proposes to Increase Electricity Rates

January 4, 2001  ·  Consumer Watchdog

<p class="source">San Jose Mercury News</p> <p>Seeking to calm the state's turbulent energy markets, a state commission on Wednesday proposed boosting residential electricity rates by an average of $ 5 a month for three months, but the plan appeared unlikely to persuade lenders to keep California's t</p>

Calif. Utilities To Raise Rates

January 4, 2001  ·  Consumer Watchdog

<p class="source">Associated Press</p> <p>The state Public Utilities Commission voted unanimously Thursday to grant emergency rate increases to two cash-strapped utilities that serve 25 million Californians.</p>