December 9, 2000 |
It has become one of the most expensive public policy miscalculations in California history: A 1996 state deregulation plan that was supposed to make electricity cheaper instead shifted billions of dollars from utilities and consumers to energy companies and electricity brokers. California businesses and residents paid $10.9 billion more for electricity last summer than the year before, with much of the money flowing to out-of-state energy firms.
April 9, 1992 |
Magma Power--an alternative energy company here that makes a solid profit generating geothermal power in the Imperial Valley--will find out early next month what the future of its industry will be in California. A ruling expected from the state Public Utilities Commission is expected to lay out how much of the future power capacity of the state's investor-owned utilities--Southern California Edison, San Diego Gas & Electric Co. and Pacific Gas & Electric Co.
February 13, 2001 |
State efforts to take ownership of California's power grid could face yet another hurdle: competition. Washington-based Trans-Elect said Monday that it had offered to buy the grid from the state's major utilities for $5.25 billion. The company, which seeks to create a national network of independently owned transmission grids, is already negotiating to buy grids from five utilities outside California, said Vice President Bob Mitchell.
June 15, 1989 |
For about two months now, Pacific Bell has offered voice mail, an electronic telephone-answering service, to its customers in San Pedro and in the Silicon Valley community of Milpitas. But already a competing voice-mail company, Amvox Inc., has accused Pacific Bell of "anti-competitive behavior" through its monopoly hold on local telephone service. Amvox pointed out in a complaint filed last month with the California Public Utilities Commission that Pacific Bell encourages customers interested in the new service to call a toll-free, seven-digit number for information.
CALIFORNIA | LOCAL
January 24, 2001 |
State officials on Tuesday dimmed the hopes of some local governments for help in paying bills related to California's power crisis. The city of Huntington Beach--which faces stiff bills--declared a local state of emergency Monday night, hoping in part to set the stage for a state bailout. And other jurisdictions in Northern California are tracking added expenses from beefing up police patrols in blackout areas, in case they can pass the bills on to state or federal officials.
July 10, 1998 |
California's new competitive market for electricity marked its 100th day of operation Thursday with a bit of a jolt: shockingly expensive energy. An unidentified electricity generator--officials won't say who--was able to bid $5,000 a megawatt Wednesday to supply power if needed during demand surges on Thursday in Southern California.
June 10, 1999 |
The lights stayed on for the most part during California's first year of electricity deregulation, despite record summer usage and a few wild price spikes. That was the assessment Wednesday by officials of the California Independent System Operator, the nonprofit corporation that is now the state's top electric traffic cop, as they issued a report on the electric system's reliability that dubbed the first year of the restructured electricity market a success.
May 5, 1994 |
Six years after agreeing to award more contracts to minority-owned firms, most of California's major utilities have failed to meet the minimum purchasing goals established by state regulators, according to a coalition of minority and consumer groups. Only two major utilities--Southern California Edison and Pacific Bell--out of seven awarded at least 15% of their contracts for supplies and services to minority businesses in 1993, as called for by the California Public Utilities Commission.
November 2, 2000 |
California's electricity crisis is the product of flaws in the deregulated market and a long-term shortage of power in the state, federal regulators said Wednesday, proposing sweeping changes to fix the $23-billion electricity trade. But the Federal Energy Regulatory Commission stopped short of ordering retroactive reductions of the sky-high electricity prices paid since June, saying it lacked the legal authority.
February 25, 1989 |
A wave of restructurings that has sharply reduced employment at some of California's largest utilities has not cut deeply into the ranks of female and minority executives, company officials testified Friday at a hearing in Los Angeles of the Assembly Committee on Utilities and Commerce.