The nuclear power plant in San Onofre was prematurely shut down after replacement generators proved faulty and caused major problems to fix. Edison investors say the decommissioning of the plant will result in a more than $1 billions loss. Patrick Healy reports from Rosemead for the NBC4 News at 6 p.m. on Aug. 13, 2013.
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Carmen Balber
As the work days blend into holidays, I hope you'll enjoy the holiday cheer of the Bailout Carolers:   You can download some of their carols for your own holiday fun from National People's Action.  Reminds me of Bailout Carols we sang in Sacramento in 2001, back when California's utility bailout (and Wall Street's manipulations of the...
News Release
CONTACT Contact: Jamie Court, 310 392-0522 ext. 327, or Judy Dugan, 213 280-0175 (cell)
Consumer Group Calls on Sen. Boxer, California Officials To Investigate at Facility Shell Previously Tried to Shut Down; Warns Gas Prices Could Spike (Santa Monica, CA)—Consumer Watchdog called for an investigation of a possible attempt by Shell Oil to shut down a Bakersfield refinery that is crucial to California's supply of diesel and...
Blog Post
posted by Doug Heller
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 Release
CONTACT Judy Dugan, cell: 213-280-0175, or 310-392-0522, x305; or Jamie Court, x327
Yearly Profits of Oil Industry Will Nearly Equal Treasury Cost of Federal Economic Stimulus Package Santa Monica, CA -- The record run of 2007 oil profits, which came as the U.S. economy slid into recession and consumer debt soared, portrays an industry run amok, said the Foundation for Taxpayer and Consumer Rights. Shell, world's second-largest...
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Carmen Balber
The gov launches a tour of the state today -- in a green bus wrapped with snow-capped California mountain vistas -- hoping to persuade California voters he is a green machine. But a spiffy new green and white website and lots of green bunting are not enough to greenwash Arnold. His record speaks for itself. Arnold: * Was the celebrity spokesman...
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Jamie Court & Carmen Balber
California's attorney general is subpoenaing oil executives over the high price of gasoline. Arnold Schwarzenegger is headed to the land of big oil, hat in hand, for a Houston fundraiser Monday featuring juicy checks and big steaks. California has consistently paid 50 cents more for gasoline than the rest of the US, but Schwarzenegger's not going...
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Carmen Balber
Arnold's Public Utilities Commission (PUC) earned a zero in customer service yesterday when they passed a set of weak rules and tried to pass them off as cell phone consumers' rights. The plan won't protect cell phone users from any of their biggest complaints --- spotty service, confusing billing, deceptive advertising or exorbitant fees. The...
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Jamie Court
While the Gov's been spending all of his energy fundraising at a world record clip, what's happened to Californians' energy? Gasoline prices are at an all time high and oil companies' profits are at world record highs. Schwarzenegger's barely mentioned the word gasoline, let alone articulated a single idea about how to lower prices. But Arnold has...
Blog Post
Doug Heller
In a Power Point presentation unveiled today, the Gov introduced plans to create a centralized state Energy Department that, among other things, will take away oversight for elements of California's energy infrastructure from the Constitutionally independent Public Utilities Commission. Governor Hiram Johnson, to whom Arnold often compares himself...