Home › Electricity

Electricity

Blog Post
9/9/2009
Posted by Consumer Watchdog
The sex scandal du jour--California state Senator Mike Duvall, a "family-values conservative," boasting into an open mike during a hearing about his spanking, stamina and other exploits with two female lobbyists--ought to broaden focus. Duvall is political toast--apologized, resigned. But what about Sempra Energy, the employer of...
Feature
9/24/2008
Posted by Consumer Watchdog
A few hours from now and a few miles away, lobbyists and members of Congress will crowd into a hearing room to listen to Treasury Secretary Paulson and Fed Chairman Bernanke tell us that unless the American people come up with $700 billion right now, our financial system will collapse and we will enter another Great Depression (even though no one...
Blog Post
9/23/2008
Posted by Consumer Watchdog
This is a cautionary tale as bailout fever takes hold. On January 18, 2001, as electricity deregulation sunk California into its second consecutive day of rolling blackouts, a team of analysts at Credit Suisse First Boston in New York sent around a startling memo to its clients.  Let's start at the end: the rolling blackouts in California...
News Story
9/11/2008
Posted by Consumer Watchdog
It's never hard to find self-serving propositions on the California ballot. But there has never been anything quite like this fall's Proposition 10, even in a state that has seen the tobacco industry run initiatives aiming to kill municipal restrictions on smoking and watched power companies put hundreds of millions of dollars behind measures they...
Blog Post
3/24/2008
Posted by Consumer Watchdog
For a generation, regulation has been a dirty word in politics unless it had the prefix "de-" attached to it.  I think the Wall Street Journal's story today is a sure sign that we're out of the woods and headed toward sensible oversight of corporate America (and its global tradng partners).   The Journal places the impetus...
News Story
3/6/2008
Posted by Consumer Watchdog
Companies, Governments Accused of Exaggerating Eco-friendliness As interest in green issues reaches a white-hot pitch, government and industry are jumping on the sustainability bandwagon, touting "natural," "biodegradable" and "environmentally friendly" practices and products. Often, the claims are true. But sometimes...
News Story
2/2/2008
Posted by Consumer Watchdog
The New York Times February 2, 2008 by JAD MOUAWAD By any measure, Exxon Mobil's performance last year was a blowout. The company reported Friday that it beat its own record for the highest profits ever recorded by any company, with net income rising 3 percent, to $40.6 billion, thanks to surging oil prices. The company's sales, more than $404...
News Story
2/2/2008
Posted by Consumer Watchdog
The San Francisco Chronicle February 2, 2008 by David R. Baker, Chronicle Staff Writer Soaring oil prices lifted Chevron Corp.'s annual profit to $18.7 billion in 2007, the fourth consecutive year that the San Ramon company made record amounts of money. Chevron, America's second-largest oil company, reported Friday that its annual profit jumped 9...
News Story
2/2/2008
Posted by Consumer Watchdog
Los Angeles Times February 2, 2008 by Elizabeth Douglass, Times Staff Writer ExxonMobil Corp. shattered its own record as the world's most profitable publicly traded corporation, as rising oil prices helped the company bring in better-than-ever income and revenue for the fourth quarter and 2007. Irving, Texas-based Exxon's net income rose 3% to $...
News Story
2/2/2008
Posted by Consumer Watchdog
Contra Costa Times (Walnut Creek, California) February 2, 2008 by George Avalos, Contra Costa Times Increased revenues from higher oil prices set annual record, dwarf setbacks in refining and service station operations Walnut Creek, CA -- Chevron Corp. powered to record profits in 2007 of more than $18 billion and higher profits for its fourth...