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Power Plants California

BUSINESS
February 7, 2001 | From Bloomberg News
Power plant owner Calpine Corp. said Wednesday that fourth-quarter profit more than tripled, driven by higher electricity prices in California and sales from new U.S. plants. Calpine also said it's considering expanding into Europe in what would be its first move outside North America. The company needs to look overseas to maintain earnings growth, Chief Executive Peter Cartwright said. "We are looking at markets that have characteristics that are similar to the U.S.," Cartwright said.
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OPINION
February 12, 2002
One reason for last year's electricity blackouts was that a number of the state's electric power plants were down at one time for supposed maintenance or repairs. But state officials believe that the plants often were taken off line for phantom repairs to create a false shortage to drive up prices.
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.
BUSINESS
April 5, 2006 | From Times Wire Services
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.
NEWS
February 10, 2001 | ZANTO PEABODY, TIMES STAFF WRITER
With a savvy electricity contract and their own power plants, California's public universities have escaped the power crisis gripping most of the state. Seeking to avoid the perils of the volatile spot market, the University of California and California State University signed long-term electricity contracts with Houston-based Enron Energy Services in 1998. The deals locked them in to a four-year fixed rate of 5% below the 1998 market price for electricity.
CALIFORNIA | LOCAL
January 30, 2001 | ED DAVIS, Ed Davis was a Republican state senator from 1980 to 1992 and chief of the Los Angeles Police Department from 1969 to 1978
Facing what is fast becoming the worst energy crisis in our state's history, many people wonder whether California's legislators did the right thing when they deregulated our electric utility system in 1996. Some of these very same legislators are now calling for re-regulation and others for a state takeover of California's multibillion-dollar energy infrastructure. These lawmakers aren't just panicking, they're plain wrong.
NEWS
May 13, 2001 | RICHARD SIMON, TIMES STAFF WRITER
President Bush on Saturday called for a "new kind of conservation" that saves power through tax incentives and energy-efficient technology, signaling a shift in tone as he prepares to unveil his long-range energy policy. Bush's focus on conservation in his weekly radio address follows criticism that he and Vice President Dick Cheney have been drafting a plan that is heavily weighted toward more oil and gas drilling while giving short shrift to other approaches to the energy problem.
CALIFORNIA | LOCAL
September 10, 2011 | By Sam Allen, Ralph Vartabedian and Mitchell Landsberg, Los Angeles Times
The failure of a single piece of equipment in Yuma, Ariz., ignited a massive blackout that left more than 4 million people without power, baffling utility officials and highlighting the vulnerability of the U.S. electrical grid. Authorities in Arizona said Friday that safeguards built into the system should have prevented the breakdown at a Yuma substation from cascading across southern Arizona and into California and northern Mexico. They didn't, and the resulting instability led to the sudden shutdown of the San Onofre nuclear power plant, cutting off power to a large swath of Southern California.
CALIFORNIA | LOCAL
November 14, 2001 | NANCY VOGEL, TIMES STAFF WRITER
Power plant owners accused of gouging California last winter complained to a Senate committee Tuesday that the state is now slighting them and going to the Pacific Northwest to buy electricity. And the state responded: Tough luck. "There's no 'buy California' rule here," said Oscar Hidalgo, spokesman for the California Department of Water Resources, which has been buying much of the power California uses since January.
CALIFORNIA | LOCAL
December 23, 2005 | Miguel Bustillo, Times Staff Writer
Three months after his initial choice of an industry lobbyist was condemned by environmentalists and rejected by Democratic legislators, Gov. Arnold Schwarzenegger on Thursday appointed a respected air-quality scientist to chair the California Air Resources Board. The Republican governor's choice of Democrat Robert F.
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