November 7, 2000 |
The state Public Utilities Commission, which is investigating whether electricity generators profiteered in the California market this summer, said the power-plant owners are refusing to produce key documents and asked federal regulators for help. In a filing Monday with the Federal Energy Regulatory Commission, the PUC asked the federal commission to force several generators to respond to subpoenas for documents about their finances, costs and electricity trades.
May 21, 1990 |
The Supreme Court ruled unanimously today that the federal government has exclusive legal power over federally licensed hydroelectric power plants and that individual states cannot impose environmental regulations on the projects. Writing for the court, Justice Sandra Day O'Connor rejected the pleas of California, 43 other states and environmentalists seeking to give state agencies the authority to regulate water flow to power plants.
CALIFORNIA | LOCAL
April 16, 2002 |
SACRAMENTO -- Atty. Gen. Bill Lockyer sued two electricity companies Monday, alleging that they exert illegal control of California's electricity market and should be forced to sell power plants. Lockyer sued Reliant Energy of Houston and Mirant Corp. of Atlanta in federal court in San Francisco. He accuses the companies of violating federal antitrust laws, stifling competition and illegally driving up prices.
September 14, 2005 |
Duke Energy Corp. said Tuesday that it would close power plants in California as part of a plan to shut its money-losing wholesale power and trading business. The company, based in Charlotte, N.C., said it would be unable to turn a profit in its Duke Energy North America subsidiary without risking more money in trading and marketing.
July 24, 1990 |
Fluor Daniel, the engineering and construction arm of Fluor Corp., said Monday that it has been awarded a contract with an estimated value of $300 million to build a combined gas- and steam-fired power plant in Virginia. Under the contract from Doswell L.P., a subsidiary of Los Angeles-based Diamond Energy Inc., Fluor would build a 663-megawatt power plant in Hanover County, Va.
August 4, 2005 |
Power plant owner Calpine Corp. said Wednesday that its second-quarter net loss widened more than tenfold to $298.5 million, citing reduced generation as well as costs related to canceled service contracts and suspended plant construction. The company, based in San Jose, said its net loss widened to 66 cents a share, from $28.7 million, or 7 cents, in the second quarter of 2004. Sales rose to $2.23 billion from $2.22 billion. Calpine shares fell 56 cents to $3.
CALIFORNIA | LOCAL
July 15, 2011 |
Los Angeles once again will pick up part of the tab for residents who want to go solar. The Department of Water and Power announced at a public workshop Thursday the relaunch of its Solar Incentive Program, which offers rebates to businesses and homeowners who generate their own electricity. The program, which began in 1999, was suspended in April because a flood of applications caused funding to run out. The DWP originally budgeted $30 million for the initiative, but about $112 million in rebate requests poured in from those keen to install solar panels in order to cut their power bills and help the environment.
April 1, 1986 |
Ultrasystems Inc. of Irvine has signed four joint-venture agreements with Combustion Engineering Inc. of Stamford, Conn., to develop, construct, own and operate two waste wood-fired power plants and two cogeneration power plants in California. Ultrasystems, the primary contractor for the four plants, also is negotiating with several other firms to sell most of its 50% interest in the projects in order to lessen risks and reduce its cash investment, Philip J.
April 5, 2006 |
Pacific Gas & Electric Co. said Tuesday that it signed long-term power contracts that would result in construction of four gas-fired power plants in California, resulting in an additional 1,780 megawatts of electricity by 2010. One of the new plants will be owned by PG&E Co. and the rest will be owned by others with contracts to provide power to PG&E, the company said. In all, the plants will cost more than $1.5 billion to build.