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BUSINESS
August 4, 1994 | DONALD W. NAUSS, TIMES STAFF WRITER
In the biggest move yet by a utility to stave off competition, Detroit Edison agreed Wednesday to sharply reduce rates charged to the Big Three auto makers in exchange for long-term supply contracts. The agreement, valued at $2 billion, is the first time a U.S. utility has negotiated a contract with an entire industry within its service area. Detroit Edison would provide power to 54 plants and offices of General Motors Corp., Ford Motor Co. and Chrysler Corp. in southeast Michigan.
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CALIFORNIA | LOCAL
November 27, 2001 | NANCY VOGEL, TIMES STAFF WRITER
After months of defending the $43 billion worth of long-term electricity contracts he helped negotiate on behalf of the state, S. David Freeman suggested for the first time Monday that the contracts be renegotiated, perhaps through the new public power agency he now chairs. "There seems to be pretty general agreement that these contracts need to be renegotiated," said Freeman, noting that critics of the contracts include Gov.
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BUSINESS
August 2, 1991 | From Reuters
Columbia Gas System Inc. said Thursday that a bankruptcy judge has granted the natural gas supplier temporary price relief on contracts that required it to buy gas at above-market prices. Columbia, which provides natural gas to customers in 15 Eastern states, filed for Chapter 11 bankruptcy protection Wednesday, contending that it faced potential losses of more than $1 billion on the contracts. Because of that filing, Dow Jones & Co.
CALIFORNIA | LOCAL
June 7, 2001 | NANCY VOGEL and DAN MORAIN, TIMES STAFF WRITERS
Eager to take credit for a sudden plunge in electricity prices, state power buyers said Wednesday that they had helped rein in California's runaway market by locking up power in long-term contracts. Though no one was ready to call an end to the state's energy crisis, the state officials said they had gained the upper hand over private generating companies after months of buying electricity at exorbitant prices.
CALIFORNIA | LOCAL
June 7, 2001 | NANCY VOGEL and DAN MORAIN, TIMES STAFF WRITERS
Eager to take credit for a sudden plunge in electricity prices, state power buyers said Wednesday that they had helped rein in California's runaway market by locking up power in long-term contracts. Though no one was ready to call an end to the state's energy crisis, the state officials said they had gained the upper hand over private generating companies after months of buying electricity at exorbitant prices.
BUSINESS
March 29, 1995 | Times Staff and Wire Reports
Power Producers Appeal Renewable-Energy Ruling: The Independent Energy Producers, a Sacramento-based trade group representing non-utility electricity generators, has asked the Federal Energy Regulatory Commission for a rehearing of its recent ruling questioning the legality of a state-mandated sale of electricity.
BUSINESS
December 19, 1994 | From Times Staff and Wire Reports
Tilting at Windmills: The California Public Utilities Commission could resolve a highly public fight between Southern California Edison Co. and independent power producers at its scheduled hearing Wednesday in San Francisco. The utility is contesting a PUC-mandated auction in which Edison would be required to enter long-term contracts to buy electricity from independents that include wind energy, geothermal and other renewable-fuel sources.
NEWS
March 8, 2001 | NANCY RIVERA BROOKS and NICHOLAS RICCARDI, TIMES STAFF WRITERS
California's energy future hangs largely on 40 newly negotiated electricity agreements that Gov. Gray Davis thinks are a reasonably priced "bedrock for a long-term energy solution" but that consumer advocates and other critics see as another disaster in the making. Are these accords, the details of which are still mainly secret, a good deal for Californians?
NEWS
January 25, 2001 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
A crisis certainly makes for strange bedfellows--or fellow litigants. California's electricity meltdown brought lawyers for the state Public Utilities Commission and the state attorney general's office shoulder to shoulder with lawyers for Southern California Edison in Los Angeles Superior Court on Wednesday as the utility won an injunction temporarily protecting some long-term electricity contracts from seizure.
BUSINESS
December 30, 2000 | CHRIS KRAUL, TIMES STAFF WRITER
More than 15 natural gas suppliers are refusing to sell gas to cash-squeezed Pacific Gas & Electric beyond their current contracts for fear they won't be paid, the utility said Friday, a reflection of its precarious financial condition and potential bankruptcy filing in the near future. Experts in bankruptcy law say the reluctance of natural gas purveyors to contract with PG&E is typical in cases where bankruptcy looms.
CALIFORNIA | LOCAL
January 22, 1999 | JEFFREY L. RABIN, TIMES STAFF WRITER
The major supplier of coal to the massive Utah power plant that provides a third of Los Angeles' electricity has agreed to stop selling the fuel at above-market prices that add tens of millions of dollars a year to DWP customers' utility bills. The agreement between the city Department of Water and Power and Arch Coal Inc.
BUSINESS
March 29, 1995 | Times Staff and Wire Reports
Power Producers Appeal Renewable-Energy Ruling: The Independent Energy Producers, a Sacramento-based trade group representing non-utility electricity generators, has asked the Federal Energy Regulatory Commission for a rehearing of its recent ruling questioning the legality of a state-mandated sale of electricity.
BUSINESS
February 23, 1995 | MICHAEL PARRISH, TIMES STAFF WRITER
Federal energy regulators ruled Wednesday that a controversial auction of contracts with independent electric-power producers ordered by the California Public Utilities Commission violates federal law and should not be completed. The ruling by the Federal Energy Regulatory Commission is a victory for Southern California Edison Co. and San Diego Gas & Electric Co., which challenged the PUC, arguing that the contracts would result in higher rates for customers.
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