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California Electricity Oversight Board

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CALIFORNIA | LOCAL
August 2, 2001 | RICH CONNELL JEFFREY L. RABIN and VIRGINIA ELLIS, TIMES STAFF WRITERS
A Los Angeles business leader appointed by Gov. Gray Davis to help oversee key aspects of California's electricity system has reported owning more than $1 million in the stock of Texas energy trader Enron Corp., a firm the administration has accused of price gouging. Bruce G. Willison, dean of UCLA's Anderson School of business, is one of five members of the obscure but important Electricity Oversight Board, which was created by the state's deregulation law.
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CALIFORNIA | LOCAL
November 7, 2001 | NANCY VOGEL, TIMES STAFF WRITER
Defiant in the face of a state Senate investigation of his secretive emergency action last winter to lift price caps in California's electricity market, the chief of the grid operating agency testified Tuesday that he acted without telling Gov. Gray Davis because he knew what the response would be.
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CALIFORNIA | LOCAL
November 7, 2001 | NANCY VOGEL, TIMES STAFF WRITER
Defiant in the face of a state Senate investigation of his secretive emergency action last winter to lift price caps in California's electricity market, the chief of the grid operating agency testified Tuesday that he acted without telling Gov. Gray Davis because he knew what the response would be.
CALIFORNIA | LOCAL
August 2, 2001 | RICH CONNELL JEFFREY L. RABIN and VIRGINIA ELLIS, TIMES STAFF WRITERS
A Los Angeles business leader appointed by Gov. Gray Davis to help oversee key aspects of California's electricity system has reported owning more than $1 million in the stock of Texas energy trader Enron Corp., a firm the administration has accused of price gouging. Bruce G. Willison, dean of UCLA's Anderson School of business, is one of five members of the obscure but important Electricity Oversight Board, which was created by the state's deregulation law.
BUSINESS
August 25, 2007 | From Bloomberg News
The Federal Energy Regulatory Commission must reconsider its denial of refunds to wholesale customers of Powerex Corp. and other electric companies in the Pacific Northwest during the 2000-01 California energy crisis, a federal appeals court ruled Friday. FERC must review rejected claims by cities including Seattle and Tacoma, Wash., the U.S. 9th Circuit Court of Appeals in San Francisco ruled.
BUSINESS
August 9, 2000 | Nancy Rivera Brooks
Three California power plant owners have filed a complaint against the California Independent System Operator, which runs the electricity grid for most of the state, seeking compensation for power exports that are canceled when Cal-ISO declares a power emergency. The complaint was filed with the Federal Energy Regulatory Commission by subsidiaries of Houston-based Reliant Energy Inc. and Dynegy Inc., and Atlanta-based Southern Co.
BUSINESS
January 4, 2006 | From Times Wire Services
The Federal Energy Regulatory Commission denied Tuesday a request by three California state agencies to force Calpine Corp. to honor long-term power supply contracts the insolvent producer inked with the state. Calpine has asked the U.S. Bankruptcy Court in New York to reject eight "financially burdensome and unprofitable" contracts, under which it said it would lose $1.2 billion over their remaining terms.
BUSINESS
December 23, 2005 | From Dow Jones/Associated Press
The Federal Energy Regulatory Commission said Thursday that it had accepted a $512-million settlement with Reliant Energy Inc., California utilities and commission staff to resolve claims stemming from the 2000-01 Western energy crisis. Specifically, the settlement resolves claims that the Houston-based power generator charged unfairly high prices for electricity during the crisis.
BUSINESS
April 17, 2007 | Marc Lifsher, Times Staff Writer
Terrorism investigators are examining computer tampering and a bomb threat Monday that led to a lengthy evacuation of the headquarters of an agency that controls most of California's electric transmission system. The incident at the California Independent System Operator in Folsom followed the apparent midnight tampering with computer programs used to buy and sell power on the real-time market.
BUSINESS
February 21, 2003 | From Bloomberg News
Dynegy Inc., Williams Cos., Edison International and other California power sellers can continue to charge market rates for the cost of turning off unneeded generation, federal regulators said Thursday. The action came in response to a complaint filed by the California Electricity Oversight Board over such so-called decremental energy rates.
BUSINESS
March 13, 2007 | Elizabeth Douglass, Times Staff Writer
Portland General Electric Co. agreed Monday to pay $59 million to settle accusations that the Oregon utility overcharged Californians for electricity during the state's energy crisis. Portland General, which had agreed to a smaller partial settlement a few years ago, would pay a total of about $65 million under the two refund agreements, according to a statement issued late Monday by Southern California Edison.
BUSINESS
October 31, 2002 | Nancy Vogel, Times Staff Writer
A unit of Allegheny Energy Inc., short of cash and seeking to borrow $2 billion, filed an emergency petition Tuesday with federal regulators, asking them to uphold a long-term energy contract with California. By removing uncertainty over the contract, the Federal Energy Regulatory Commission will make it easier for Allegheny Energy Supply Co. to sell or securitize the $4.4 billion, 11-year contract and raise cash, company officials argue in the federal filing.
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