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Blog Post
5/4/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #38 - May 04, 2001 Duke Energy meet Chuck Quackenbush. When you send a politician a secret note that says you'll give him money if he halts investigations into your company, it might be considered a bribe. Whether Duke's effort was improper can only be...
Blog Post
5/3/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #37 - May 03, 2001 Remember when we were told that it would cost less than a half-a-billion? On January 18, lawmakers authorized $400 million from the budget to cover power purchases temporarily. When FTCR objected to the bill, which rocketed through both houses...
Blog Post
5/2/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #36 - May 02, 2001 Deregulation creates a new "market." There's a new gang in Sacramento and they have money to burn, which is why Sacramento lobbying firms are busy, busy, busy. The deregulation disaster has created a new "market" for...
Blog Post
5/1/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #35 - May 01, 2001 BUSH TO CALIFORNIA: "FERC YOU" We've been saying for several months that President Bush will have to step in to the California energy debacle, in order to save the goose that laid the golden egg: deregulation. With one utility...
Blog Post
4/19/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #34 - Apr 19, 2001 Whining and Dynegy. Dynegy, which paid approximately $356 million to buy California power plants in 1998, announced that its profits in the first quarter of this year--an astronomical $139 million -- are nearly double those of last year. But...
Blog Post
4/16/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #33 - Apr 16, 2001 The Governor puts his foot down!?! Yesterday's San Francisco Chronicle reports that, prior to filing for bankruptcy protection, PG&E's demands during bailout negotiations with the Governor were so excessive that even Giveaway Gray wouldn't...
Blog Post
4/12/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #32 - Apr 12, 2001 APOCALYPSE NOW Unless the elected leaders of California take immediate action, California itself will soon be bankrupt. Since January, when the utilities stopped paying for power, California officials have spent at least $4 billion (they...
Blog Post
4/11/2001
Ratepayer Revolt
BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians Bailout Watch #31 - Apr 11, 2001 D.O.A. or R.I.P. Yes, it's a bailout. It would be a flat-out lie to say that Governor Davis's deal with Edison is anything other than a massive, unadulterated, ratepayer-funded bailout of Edison. Under the Memorandum of Understanding...
Blog Post
4/9/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #30 - Apr 09, 2001 As Ye Sow, So Shall Ye Reap. P.G.&E. wrote the 1996 deregulation law, reaped its financial rewards for three and one half years, and now it and its shareholders are bearing the consequences of deregulation PG&E didn't have to declare...
Blog Post
4/3/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #29 - Apr 03, 2001 State utility expert says no rate increases are needed. When the Cal. Public Utilities Commission (PUC) voted to increase rates last week, it did so against the recommendations of PUC Administrative Law Judge Walwyn. In a 75 page proposed...