April 29, 2010 |
Sempra Energy has agreed to pay $400 million to settle accusations that the San Diego energy company engaged in "Enron-style gaming" of power markets and "a pervasive pattern of market manipulation and abuse" during the California energy crisis of 2000 and 2001. The money will reimburse electricity ratepayers at the state's three big investor-owned utilities: Southern California Edison Co., Pacific Gas & Electric Co. and San Diego Gas & Electric Co., which is a Sempra subsidiary.
February 3, 2002
Sen. Dianne Feinstein (D-Calif.) wants to blame the Bush administration for not putting out the fire, i.e., the "energy crisis," but isn't interested in who's responsible for starting it ("Bush Opened Door to Enron, but Not to a State in Crisis," Commentary, Jan. 30). She knows full well that the culprit is Gov. Gray Davis. You don't have to pay for what you don't buy, and Davis could have stopped the energy crisis in a nanosecond simply by allowing the retail cost of electricity to be priced at market.
January 7, 2001
Bertram Wolfe and Chauncy Starr ("State's Energy Problem Has Roots Nationwide," Commentary, Jan. 3) assume that demand for energy will continue to grow uncontrollably and that we should try to satisfy it at all costs, even if this means building more nuclear power plants. But the problem lies only partly with the limited supply of energy. As long as it was cheap, we were not careful with how we used it. Conservation should be our main focus in this energy crisis, for it is the only solution that is inexpensive, reduces our dependence on foreign governments and cartels and poses absolutely no environmental threats.
CALIFORNIA | LOCAL
October 4, 2001
California's energy nightmare of 2001 appears to be coming to an end. The most urgent problem left from this year's energy crisis, the fiscal fate of Southern California Edison, seems to have been solved in a reasonable fashion. Now there's an obvious solution at hand to another lingering matter, the sale of a bond issue needed to repay the state budget for billions of dollars spent to buy power. A bill that would do so, approved overwhelmingly by the Legislature, is on the desk of Gov.
CALIFORNIA | LOCAL
May 25, 2001
Re "All We Need Fear Is Bush's Tale of Doom," May 23: Arianna Huffington's analysis is perfect and, coupled with Paul Conrad's cartoon ("OPEC oil production executive Cheney"), addresses the so-called energy crisis for what it really is: political payback, greed and obscene profits in spite of the massive windfalls the energy and oil companies continue to reap. Dan Pellow Los Angeles The California Public Utilities Commission is releasing information it has known for many months about the well-orchestrated manipulation of California's electricity market ("PUC Allegations Detailed," May 19)