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Blog Post
2/14/2001
Ratepayer Revolt
BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians Bailout Watch #8 - Feb 14, 2001 $2 billion in ransom payments. FTCR warned that opening the state's treasury to the energy profiteers would only inspire the blackmailers to demand more money. (And resist as long as possible long-term contracts). The state has already...
Blog Post
2/13/2001
Ratepayer Revolt
BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians Bailout Watch #7 - Feb 13, 2001 Bluff Called. Monday, a federal court in Los Angeles rejected Edison's request that it be allowed to immediately increase utility bills to the extortionary spot "market" price under full deregulation. In its lawsuit, Edison...
Blog Post
2/12/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians Bailout Watch #6 - Feb 12, 2001 Fooling voters by hiding the bailout. Politicians who want to bail out the utilities think they can get away with it by stretching out the number of payments the ratepayers have to make. Their plan is to force ratepayers to pay off utility-...
Blog Post
2/9/2001
Ratepayer Revolt
BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians Bailout Watch #5 - Feb 09, 2001 How much is that doggy in the window? The utilities want a bailout. But getting another $10 billion will cost ratepayers an average of $1,000, not including interest on the bonds. The chances of elected officials handing that over, on top...
Blog Post
2/8/2001
Ratepayer Revolt
BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians Bailout Watch #4 - Feb 08, 2001 Parent corporations must protect the utilities. That is what the California Public Utilities Commission (PUC) required when it allowed Edison and PG&E to form holding corporations in 1988 and 1996, respectively. According to PUC...
Blog Post
2/7/2001
Ratepayer Revolt
BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians Bailout Watch #3 - Feb 07, 2001 $800 million of taxpayer money down the drain. More to come.  Last month, when the utilities' demand for a bailout wasn't going anywhere, the utilities decided to enlist the independent power generators in their cause. How? They...
Blog Post
2/6/2001
Ratepayer Revolt
BAILOUT WATCH:  Keeping an eye on the energy industry and the politicians Bailout Watch #2 - Feb 06, 2001 Utilities seeking bailout scapegoat PUC. The utilities' PR apparatus is gearing up to make the case for a $10 billion ratepayer bailout by scapegoating the PUC for the deregulation disaster. There is word that the Assembly will convene...
Blog Post
2/5/2001
Ratepayer Revolt
BAILOUT WATCH: Keeping an eye on the energy industry and the politicians The whole world is watching Last time, no one was watching. This time, the whole world is watching. Last time, state legislators bought the ideology that a free market in electricity would lower rates. (Or maybe, the ideologues simply bought the lawmakers). This time, the...