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Power Plants California

BUSINESS
May 21, 1990 | From Reuters
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.
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CALIFORNIA | LOCAL
April 16, 2002 | NANCY VOGEL, TIMES STAFF WRITER
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.
BUSINESS
September 14, 2005 | From Times Staff and Wire Reports
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.
BUSINESS
July 24, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
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.
BUSINESS
August 4, 2005 | From Bloomberg News
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.
BUSINESS
April 1, 1986 | JAMES S. GRANELLI, Times Staff Writer
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.
NEWS
May 3, 2001 | JULIE TAMAKI, TIMES STAFF WRITER
Lt. Gov. Cruz Bustamante sued five big power generators Wednesday in a bid to recover billions in taxpayer money. Filed in Los Angeles County Superior Court, the lawsuit accuses the power producers and 14 of their executives of engaging in a price-fixing conspiracy that has drained California's treasury. The companies are Duke Energy, Mirant Inc., Reliant Energy, Williams Energy Services and Dynegy Inc.
NEWS
January 16, 2001 | From Associated Press
Consumer groups said Monday that Pacific Gas & Electric Corp.'s restructuring should make lawmakers and Gov. Gray Davis think twice before considering a bailout for troubled utilities. The Federal Energy Regulatory Commission gave permission Friday for PG&E to change its corporate structure, effectively insulating the bulk of its assets from the credit problems of its utility. In response, PG&E created the National Energy Group, the business arm of PG&E Corp.
NEWS
February 17, 2001 | EDMUND SANDERS, TIMES STAFF WRITER
President Bush ordered federal agencies Friday to expedite their review of proposed power plants in California, but said environmental regulations would not be relaxed in the rush to bring new energy supplies to the state. Power companies, while welcoming the president's order, said it would have only a modest effect on power-plant development in California.
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