January 16, 2001 |
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.
February 17, 2001 |
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.
January 19, 2001 |
The first of the much-anticipated earnings reports from California electricity generators was released late Thursday and the company, Duke Energy, reported sharply higher income and revenue for the fourth quarter and all of 2000. The Charlotte, N.C.-based energy company owns power plants in California that generate 2,950 megawatts, or about 5%, of the state's supply. Duke's earnings, not counting taxes and interest, nearly doubled to $4 billion for the year, while revenue jumped 127% to $49.
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.
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.
February 7, 2001 |
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.
CALIFORNIA | LOCAL
January 30, 2001 |
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.
May 13, 2001 |
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
November 14, 2001 |
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 |
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.