Energy

Bankruptcy not imminent for California utility

December 19, 2000  ·  Consumer Watchdog

<p class="source">San Jose Mercury News</p> <p>SAN JOSE, Calif._Despite spending far more to buy electricity than it charges consumers, Pacific Gas & Electric Co. isn't facing the imminent bankruptcy that politicians fear, say financial analysts. Right now the company can pay its bills, and investors</p>

Averting disaster with state utilities

December 19, 2000  ·  Consumer Watchdog

<p class="source">San Diego Union-Tribune</p> <p>There are two power crises in California today. One is the electricity debacle, the other, a political power crisis.</p>

RATEPAYERS SHOULDN’T BAIL OUT EDISON

December 18, 2000  ·  Consumer Watchdog

<p class="source">Los Angeles Times</p> <p>California's largest utility company, Southern California Edison, has thrown down the gauntlet to Gov. Gray Davis: Force the ratepayers to bail us out or we'll declare bankruptcy.</p>

Bankruptcy v. Bailout

December 18, 2000  ·  Consumer Watchdog

<!-- excerpt --><p>California's largest utility company, Southern California Edison, has thrown down the gauntlet to Governor Gray Davis: force the ratepayers to bail us out or we'll declare bankruptcy.</p>

STATE CRITICAL AS U.S. TRIES TO KEEP POWER ON

December 16, 2000  ·  Consumer Watchdog

<h3>THE ENERGY REGULATORY PANEL ACTS TO CALM THE MARKET. OFFICIALS SAY THE EFFORT IS TOO TIMID TO WORK.</h3><p class="source">Los Angeles Times</p> <p>Calling deregulation of California's electric power industry a worthy effort that has unfolded disastrously, the Federal Energy Regulatory Commission on Friday launched a multipronged effort to calm a crazed electricity market and keep the lights on acros</p>

Government Acts to Calm California’s Energy Market

December 16, 2000  ·  Consumer Watchdog

<p class="source">The New York Times</p> <p>The Federal Energy Regulatory Commission took action today to protect Californians against the recent volatility in the wholesale electricity market that has brought soaring power prices, threats of blackouts and perils of insolvency for the state's large</p>

Debate begins over who will pay PG&E’s $4.6 billion power bill

December 16, 2000  ·  Consumer Watchdog

<p class="source">Contra Costa Times</p> <p>WALNUT CREEK, Calif._There's an unpaid electricity bill of $4.6 billion in Pacific Gas & Electric's San Francisco headquarters. Now the debate begins on who is going to pay it.</p>

Davis disappointed after feds fail to curb skyrocketing power prices

December 16, 2000  ·  Consumer Watchdog

<p class="source">Contra Costa Times</p> <p>WALNUT CREEK, Calif._Californians who were hoping to be awakened from an electricity deregulation nightmare were sorely disappointed on Friday when a key federal commission adopted a slate of market reforms that stopped short of offering direct relief for</p>

Utility woes put Davis in hot seat

December 15, 2000  ·  Harvey Rosenfield

<h3>Governor says power to end crisis is limited</h3><p class="source">Sacramento Bee</p> <p>Consumer advocate Harvey Rosenfield makes his living holding corporate and government feet to the fire, but even he is feeling a little sorry for Gov. Gray Davis these days.</p>

NIGHTLY BUSINESS REPORT

December 15, 2000  ·  Consumer Watchdog

<p class="source">NIGHTLY BUSINESS REPORT</p> <p>YASTINE: Well, Paul, federal energy regulators OK'd new rules to prevent power shortages in California as that state deals with sharp spikes in electricity prices. California was once considered a model for utility deregulation, but as Pat Anson repor</p>

POWER SHORTAGE IN CALIFORNIA

December 14, 2000  ·  Consumer Watchdog

<p class="source">CBS EVENING NEWS</p> <p>DAN RATHER, anchor: More stormy weather coming in the Pacific Northwest could make it harder to keep the lights on in California. California is already struggling to beg, borrow or buy power from neighboring grids. CBS' Sandra Hughes has been digging in</p>

California regulators, utilities look to feds to ease woes

December 14, 2000  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>A federal regulator is promising strong action to ease California's electricity woes after the state's second brush with blackouts in a week.</p>