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Blog Post
3/6/2001
Ratepayer Revolt
BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians Bailout Watch #18 - Mar 06, 2001 Would you agree to pay 10 bucks for a gallon of milk until 2006? That's roughly analogous to the blackmail-induced deal that Governor Davis has struck with energy companies. The long-term contracts that the governor announced Monday will...
Blog Post
3/5/2001
Ratepayer Revolt
BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians Bailout Watch #17 - Mar 05, 2001 Governor Davis assures bankers, takes their money. Governor Davis went to New York last week to calm nerves on Wall Street. Apparently, it gives the financial guys real peace of mind to open up their check books for the Governor. Among...
Blog Post
3/1/2001
Ratepayer Revolt
BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians Bailout Watch #16 - Mar 01, 2001 "Victims of deregulation." That's what Edison called their shareholders in a recent edition of Edison News, the corporate newsletter for employees and retirees. "In short, our shareholders have literally been pummeled by...
Blog Post
2/28/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #15 - Feb 28, 2001 Good news: the crisis is over. According to Gov. Davis, California has reached "the backside of the crisis." (SF Chronicle 3/27/01). Could he be right? Now that the taxpayers are spending billions to buy electricity for the utility...
Blog Post
2/27/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #14 - Feb 27, 2001 Public subsidies to cover power grid purchase? According to the Wall Street Journal, some energy experts believe that California is on the path to vastly overpaying for the state's electricity transmission grid. "[T]he price [of the grid...
Blog Post
2/26/2001
Ratepayer Revolt
BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians Bailout Watch #13 - Feb 26, 2001 SPECIAL EDITION: Davis Offers Edison a Full Pardon You know its bad news when a public official makes an announcement on a Friday afternoon, hoping it gets buried over the weekend. But the Governor's proposed ratepayer bailout of Edison...
Blog Post
2/23/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #12 - Feb 23, 2001 Stick this in your "existing rate structure." No matter how you slice it, the Davis plan will make ratepayers responsible for a multi-billion dollar bailout. But more important for the Governor and legislators is this fact: the...
Blog Post
2/21/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #11 - Feb 21, 2001 $2.3 billion down the tubes. Every few days, Bailout Watch will update the amount of taxpayer money that the state has spent purchasing power on behalf of the utilities. According to the Los Angeles Times, the state will have spent over $2.3...
Blog Post
2/20/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #10 - Feb 20, 2001 Governor unveils his consensus plan without consensus and without a plan. In a strange press conference last Friday, Governor Gray Davis introduced a vague framework for a utility bailout that offers more questions than answers. Namely: how...
Blog Post
2/15/2001
Ratepayer Revolt
BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians Bailout Watch #9 - Feb 15, 2001 D-Day for Gray Friday is Decision Day for Governor Gray Davis. He is scheduled to announce his long-awaited plan to solve the deregulation disaster. Will his plan protect ratepayers and taxpayers and restore a reliable and affordable...