CALIFORNIA | LOCAL
June 8, 2002 |
Perot Systems was peddling ways to manipulate California's deregulated energy market even before the market was formally launched, according to newly released records. The state's power grid operator was warned about the activity but apparently did nothing after initially threatening legal action. Newly released documents show that an official with San Diego Gas & Electric Co. complained to the California Independent System Operator in the fall of 1997 that Perot Systems Corp.
June 6, 2002 |
The amount of commercial paper outstanding grew $14.7 billion in May, the largest monthly increase since November 2000 and the first boost this year, according to Federal Reserve statistics. Commercial paper, corporate debt that matures in nine months or less used to finance day-to-day operations, rose to $1.37 billion, the highest total since February. Commercial paper had been dropping as issuers refinanced through longer-term loans and bonds.
June 6, 2002 |
Shares of Williams Cos., Avista Corp. and El Paso Electric Co. suffered big losses Wednesday, the day after federal regulators threatened to revoke the power-trading licenses of the three companies. Shares of other power companies also were hard hit, continuing a dismal stretch for an industry under investigation by regulators and suffering harsh scrutiny by credit rating agencies.
June 6, 2002 |
Citadel Broadcasting Corp., the sixth-largest U.S. radio broadcaster and Forstmann Little & Co.'s biggest acquisition, filed Wednesday to raise $575 million in an initial stock offering amid rising prices for radio stocks. Citadel didn't specify the number of shares to be sold or any price per share in a filing with the SEC. The offering will be managed by Goldman Sachs Group Inc. (GS) and Credit Suisse First Boston. Forstmann Little, the third-largest leveraged buyout firm, paid $2.
July 1, 2000 |
Ross Perot rejected supporters' efforts to put his name on the Reform Party's primary ballot Friday, clearing a hurdle for Pat Buchanan's presidential bid. Russell Verney, Perot's spokesman, said the Texas billionaire decided against running in the primary because he had no intention of actually competing for the White House against Republican George W. Bush and Democrat Al Gore. "Ross Perot will not appear on the Reform Party nomination ballot," Verney told Associated Press.
June 29, 2000 |
Karen Mountain proudly displays photos of Ross Perot in her living room, and a snapshot of another Reform Party founding father is on her refrigerator. She is not about to let Pat Buchanan take over Perot's party. So Mountain, a Tustin resident who works for a political ad firm, went on the Internet last month in hopes of finding an alternative, in essence, to another alternative presidential candidate. "I was looking around and saying, 'There's got to be somebody other than Buchanan.'