Energy

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>

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>

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>

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>

Regulators grant utilities temporary rate hike

January 3, 2001  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>The California Public Utilities Commission recommended emergency rate increases to two cash-starved utilities Wednesday, but only for 90 days and for far less than the utilities had requested.</p>