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Blog Post
5/6/2005
Jamie Court
When ChevronTexaco announced its purchase of Unocal on April 4th, Arnold Watch noted that the purchase was a bet that Liquefied Natural Gas (LNG) would eventually be a major energy source for California and that Arnold would be its pitchman. (Particularly given Schwarzenegger Chief of Staff Pat Clarey's role as former Chevron lobbyist and the $222...
Blog Post
4/4/2005
Jamie Court & Doug Heller
Today's announcement of Chevron-Texaco's purchase of Unocal has a back story that could be the biggest scandal of the Schwarzenegger Administration yet. Back in July '04, some of Arnold's top brass were treated by Chevron-Texaco to an overseas trip -- it included luxury accommodations at the Four Seasons Hotel in Sydney, Australia -- to sell the...
Blog Post
11/8/2004
Doug Heller
According to an LA Times analysis, Arnold's staff has accepted hundreds of gifts worth tens of thousands of dollars from special interests. These gifts ranged from 152 lunches to $7,818 in Kings tickets to a trip to the circus for Arnold's PR chief's family. [Note #1 to PR team: taking special interest perks is not good PR for the gov who said he'...
Blog Post
6/2/2004
Doug Heller
"Burn, baby, burn," is what one Enron electricity trader gleefully said about a California wildfire during the energy deregulation crisis. The fires, which knocked down power lines, helped push electricity prices higher. But that was one of the tamer comments found by CBS news among tapes in which Enron employees talk about shutting down...
Blog Post
6/2/2004
Doug Heller
"Burn, baby, burn," is what one Enron electricity trader gleefully said about a California wildfire during the energy deregulation crisis. The fires, which knocked down power lines, helped push electricity prices higher. But that was one of the tamer comments found by CBS news among tapes in which Enron employees talk about shutting down...
Blog Post
4/28/2004
Doug Heller
In a letter to PUC Chairman Mike Peevey today, Governor Schwarzenegger announced his intention to send California back into the throes of energy deregulation, putting as much as a quarter of the electricity system in the hands of unregulated power companies and unregulated transactions. The Governor said he supports "allowing large customers...
Blog Post
4/20/2004
Doug Heller
Politicians at various times have said that government should be run more like a business. Arnold seems to think it should be run by businesses. In that spirit, the gov today named Pacific Gas & Electric to the California Energy Commission and a private energy consulting firm to be his chief energy advisor. Officially, of course, Arnold must...
Blog Post
4/8/2004
Doug Heller
Today a federal grand jury indicted Reliant Energy for manipulating the California energy market as far back as June 2000. Reliant at one point charged the state $1900 per megawatt-hour of electricity, or about 6300% above historic energy prices. Of course, Californians have known since the first set of rolling blackouts that the private energy...
Blog Post
2/17/2004
Doug Heller
When Arnold said that he would not accept campaign contributions from businesses that have contracts with the state, it was to ensure that contracts met the needs of the public interest not the special interest. And when he promised to "explore options for renegotiating or otherwise reducing the cost of the $43 billion of overpriced...
Blog Post
2/5/2004
Carmen Balber
Campaign reports filed late tonight show that Arnold has transferred another $1 million from his "Recovery Team" to the committee to pass his $15 billion bond measure. That makes a total of $2 million transferred into the bond committee in the last nine days. In the same nine days, over $2.5 million poured into the "Recovery Team,...