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Keyword: powercrisis

Brevity: Headers | « Text »
  • Obama names businessman Bryson to Commerce post

    05/31/2011 8:41:36 AM PDT · by sunmars · 33 replies
    WASHINGTON—President Barack Obama will nominate businessman John Bryson to lead the Commerce Department, a White House official said Tuesday. Bryson's appointment brings another private sector player into an administration that has been making a concerted effort to improve its relationship with the business community.
  • Solaris Compute Grid Powers Next Generation Nuclear Reactor Design (Idaho National Lab )

    08/17/2004 9:41:27 AM PDT · by Ernest_at_the_Beach · 36 replies · 747+ views
    Supercomputing online ^ | Monday, Aug 16 @ 08:25 PDT | DOE and Sun Press Release
    The Department of Energy and Sun Microsystems, Inc. today announced the development of a high performance computer cluster at the Idaho National Engineering and Environmental Laboratory (INEEL) in Idaho Falls, Idaho. The solution includes more than 230 Sun Fire V20z servers powered by AMD Opteron processors, and more than 12 Terabytes of Sun StorEdge 6320 storage, the Solaris 9 Operating System, Sun Java Enterprise System and Java development software, Sun Grid Engine Enterprise Edition, Sun's StarOffice 7.0 office productivity platform, as well as advanced on-site training and support from Sun's Services division. The cluster's full-throttle computing power ranks the INEEL...
  • WECC Daily Report of System Status for July 16, 2004 (chill your beer early)

    07/16/2004 9:46:30 AM PDT · by Robert357 · 19 replies · 469+ views
    Other Comments: APS has system concerns that may cause operating problems in the DSW area today. The RDRC reported the following transmission facilities will be out of service today: Note: RDRC daily facility outage report includes PACE facility outages that may impact Rocky Mountain Transmission System. Westwing 500/230-kV T-4.............Westwing 500/230-kV T-1 Atlantic City-Wyopo 230-kV line.....Rapid City DC tie 200 MW Glen Canyon PST.............................Basin-Worland 115-kV line Norton-Hernandez 115-kV line RM/DSW Transmission Facilities Impacting WECC USF Qualified Paths: None
  • Officials Warn Blackout Could Be Repeated

    04/05/2004 4:28:16 PM PDT · by Ernest_at_the_Beach · 6 replies · 104+ views
    Myway News via Drudge ^ | Apr 5, 1:06 PM (ET) | H. JOSEF HEBERT
    WASHINGTON (AP) - The power industry's disregard of its rules intended to ensure the reliable flow of electricity contributed significantly to last summer's blackout in eight states and Canada, investigators said Monday in their final report. Another major outage could happen unless reliability regulations, with clear penalties for violators, are put in place, according to the report by a joint U.S.-Canadian task force. It also recommended more independence for the private industry-sponsored group that writes voluntary requirements for power grids. "The report makes clear that this blackout could have been prevented and that immediate actions must be taken in both...
  • Senate panel hears nuke power praises

    03/05/2004 11:04:28 AM PST · by Ernest_at_the_Beach · 13 replies · 173+ views
    The Las Vegas Sun ^ | March 05, 2004 at 9:26:44 PST | Suzanne Struglinski
    Today: March 05, 2004 at 9:26:44 PST Senate panel hears nuke power praises Industry, government officials leave out problems with radioactive waste By Suzanne Struglinski <suzanne@lasvegassun.com>LAS VEGAS SUNWASHINGTON -- Nuclear industry and government officials touted the benefits of nuclear power at a Senate panel meeting Thursday as they made their pitch for more government incentives to help expansions, but made no mention of how they plan to manage future nuclear waste. The officials listed nuclear power's lack of emissions, price stability and other benefits to the Senate Energy and Natural Resources Committee, which is guiding the ongoing debate over the...
  • NV: Water released at dam as part of test (Hoover Dam - Lake Mead )

    02/28/2004 12:05:25 PM PST · by Ernest_at_the_Beach · 8 replies · 206+ views
    The Las Vegas Sun ^ | February 27, 2004 | Heather Rawlyk and Jean Reid Norman
    February 27, 2004 Water released at dam as part of testBy Heather Rawlyk and Jean Reid NormanLAS VEGAS SUNVisitors to Hoover Dam Thursday afternoon witnessed a sight not listed in the tour book, as 130 million gallons of water burst from the Nevada wall of Black Canyon. A white cloud of mist towered over the canyon as a result of the surge of water knocking against an adjacent canyon wall. A flurry of miniature waterfalls cascaded downward, where they intersected in a collective pool below. Close to 600 visitors lined up along the wall on top of the dam to...
  • The Blackout of 2003;initiating events...happened under the lazy eyes of mismanaged utility

    10/02/2003 11:01:16 AM PDT · by Robert357 · 15 replies · 2,629+ views
    IEEE Spectrum Special Web Report ^ | 21 August 2003 | William Sweet
    What was by most measures the biggest electricity outage in history, surpassing the blackouts in the western United States in the summer of 1996, swept northeastern and Great Lakes states and the Canadian province of Ontario late Thursday afternoon, 14 August. Long before power had been restored to businesses and residences from New York City to Cleveland, Detroit, and Toronto, politicians and commentators on both sides of the border were pointing fingers. But, in fact, major difficulties in the electric power system had been predicted by three U.S. Department of Energy (DOE) studies going back to 1998, and had been...
  • Power grid vulnerable to hackers and viruses<br> Danger worsens as network is upgraded

    09/12/2003 9:01:48 AM PDT · by Robert357 · 16 replies · 180+ views
    Seattle Post Intelligencer ^ | 9/12/03 | JIM KRANE/AP
    NEW YORK -- Since last month's Northeast blackout, utilities have accelerated plans to automate the electric grid, replacing aging monitoring systems with digital switches and other high-tech gear. But those very improvements are making the electricity supply vulnerable to a different kind of peril: computer viruses and hackers who could black out substations, cities or entire states. Researchers working for the U.S., Canadian and British governments have already sniffed out "back doors" in the digital relays and control room technology that increasingly direct electricity flow in North America. With a few focused keystrokes, they say, they could shut the computer...
  • California: Free market for power cuts cost, professors say -

    02/01/2003 6:51:38 PM PST · by Ernest_at_the_Beach · 5 replies · 258+ views
    The Orange County Register ^ | Saturday, February 1, 2003 | Bloomberg News
    <p>3-university manifesto urges California to stick with deregulation, including letting customers choose providers.</p> <p>BERKELEY – California should encourage competition in electricity markets, including letting consumers choose their power providers, a group of university professors and former regulators said.</p> <p>"California will benefit if electricity generation is provided by unregulated producers," said a manifesto signed by professors from Stanford University, Harvard University and the University of California, Berkeley.</p>
  • CA: State stuck with $12 billion of high-priced power - FERC won't void contracts .....

    06/26/2003 12:11:47 PM PDT · by Ernest_at_the_Beach · 12 replies · 240+ views
    The Orange County Register ^ | Thursday, June 26, 2003 | ANDREW GALVIN and JOHN HOWARD
    <p>California got no relief Wednesday from the Federal Energy Regulatory Commission, which refused to void $12 billion worth of high-priced power contracts with Sempra Energy, Dynegy Inc., Mirant Corp. and other companies that are accused of manipulating power prices.</p> <p>While most of the original $43 billion in long-term contracts signed by Gov. Gray Davis in 2001 have been renegotiated or have expired, state officials had pressed FERC to let California out of the remaining contracts after presenting evidence that prices in the state's power market were artificially inflated by "gaming" strategies employed by power sellers.</p>
  • CA: Suppliers Do and Don't Owe for Power Crisis

    06/25/2003 11:01:59 PM PDT · by Ernest_at_the_Beach · 5 replies · 280+ views
    The Washington Post ^ | Thursday, June 26, 2003; | Peter Behr
    washingtonpost.com Suppliers Do and Don't Owe for Power CrisisFERC Upholds West Coast Contracts but Rules 'Unjust' Profits Must Be Returned By Peter BehrWashington Post Staff WriterThursday, June 26, 2003; Page E04 Federal energy regulators, trying to resolve billions of dollars in disputed power charges from the West Coast energy crisis two years ago, yesterday favored energy suppliers in one major case but in another case said companies that manipulated power sales will be required to surrender any "unjust" profits.A series of rulings yesterday by the Federal Energy Regulatory Commission had conflicting impacts on the politically charged aftermath of the power...
  • CA: Judge Rolls Out Compromise Plan for PG&E

    06/19/2003 7:33:08 PM PDT · by Ernest_at_the_Beach · 15 replies · 261+ views
    Yahoo via Dow jones ^ | June 19, 2003 1 hour, 35 minutes ago | JUSTIN PRITCHARD, Associated Press Writer
    Judge Rolls Out Compromise Plan for PG&E 1 hour, 35 minutes ago Add Business - AP to My Yahoo! By JUSTIN PRITCHARD, Associated Press WriterSAN FRANCISCO - A federal bankruptcy judge unveiled a compromise plan Thursday that would lift Pacific Gas and Electric Co. (news - web sites), a San Francisco-based utility, out of insolvency. AP Photo Related Quotes PCGDJIANASDAQ^SPC 19.409179.531648.64994.70 +0.71-114.27-28.50-15.39 delayed 20 mins - disclaimerQuote Data provided by Reuters Missed Tech Tuesday?You can still check out our exclusive guide to getting a lot of digital camera for just a little cash - plus more.   The plan will allow...
  • Calif. Starts Summer with a Power Alert

    05/28/2003 5:20:24 PM PDT · by RightOnTheLeftCoast · 43 replies · 333+ views
    Reuters ^ | 28 May 2003 | James Jelter
    Calif. Starts Summer with a Power Alert Reuters Wednesday, May 28, 2003; 8:01 PM By James Jelter SAN FRANCISCO (Reuters) - California energy officials declared a power emergency on Wednesday -- the first in nearly a year -- in what could be the start of another long, hot summer for the energy-starved state. Despite state officials' assurances of adequate power, heavy air conditioning during the year's first heat wave nearly depleted supplies, prompting calls for emergency energy from generators and public pleas to save energy. California's 35 million residents, hit by blackouts and daily calls to douse lights during the...
  • California says nation watching its power-refund fight

    05/27/2003 2:38:40 PM PDT · by Ernest_at_the_Beach · 8 replies · 193+ views
    The Orange County Register ^ | Tuesday, May 27, 2003 | DANIEL TAUB Bloomberg News
    <p>If price-gouging traders and producers aren't forced to pay, smaller states may balk at deregulating their power markets.</p> <p>SACRAMENTO – Most states in the nation won't deregulate their wholesale power markets unless federal regulators order refunds when generators manipulate markets and defraud customers, California officials said.</p>
  • California: A method to Davis' madness? Sabotaging economy helps (with the ) lights on

    04/22/2003 6:50:21 PM PDT · by Ernest_at_the_Beach · 30 replies · 403+ views
    The Orange County Register ^ | Tuesday, April 22, 2003 | RAY HAYNES Republican assemblyman from Murrieta
    <p>It appears that I owe Gov. Gray Davis an apology. Over the last four years, I've been accusing him of recklessly destroying our budget, our business climate and our power system with no strategy or concern for long-term costs. But a recent report from the California Independent System Operators (Cal-ISO, our state's incredibly effective energy managers) has now led to me to believe that I haven't been giving our governor enough credit - he's smarter than he looks!</p>
  • California: Energy probe turns heat on Reliant

    04/20/2003 2:56:51 PM PDT · by Ernest_at_the_Beach · 6 replies · 293+ views
    The San Francisco Chronicle ^ | Sunday, April 20, 2003 | Christian Berthelsen, Mark Martin, Chronicle Staff Writers
    <p>Federal prosecutors conducting a criminal probe of California's energy crisis have shifted their investigation away from Enron and onto the company's Houston neighbor, Reliant Resources Inc., according to sources.</p> <p>Documents released by the Federal Energy Regulatory Commission depict Reliant traders and plant operators engaging in a range of deceptive practices to drive up energy prices during the crisis.</p>
  • California: Democrats seek return of monopoly electric utilities

    04/20/2003 2:50:53 PM PDT · by Ernest_at_the_Beach · 21 replies · 214+ views
    The Sacramento Bee ^ | Sunday, April 20, 2003 | Daniel Weintraub:
    <p>You know things are a little crazy when consumer groups are pining for the return of monopolies.</p> <p>But that's the shape of energy politics in California today. Democrats in the Legislature and their activist allies are longing to reestablish the monopoly utilities as the sole providers of electricity in the state.</p>
  • California: Davis seizes on FERC report, but full story is more complex

    04/04/2003 12:10:04 PM PST · by Ernest_at_the_Beach · 5 replies · 210+ views
    The Sacramento Bee ^ | Sunday, March 30, 2003 | Dan Walters
    <p>These aren't, one might say, the best of times for Gray Davis. His approval ratings are in the cellar, he faces a potential recall election, and he's wrestling with the largest budget deficit in the history of any state.</p> <p>Not surprisingly, therefore, when the Federal Energy Regulatory Commission declared last week that energy traders had manipulated, or at least tried to manipulate, California's convoluted electric power market in 2000 and 2001, Davis seized on it with almost desperate intensity.</p>
  • California: Feds say generators didn't cause the blackouts

    04/04/2003 12:01:58 PM PST · by Ernest_at_the_Beach · 13 replies · 225+ views
    The Sacramento Bee ^ | Thursday, April 3, 2003 | Daniel Weintraub
    <p>It was just before 10 a.m. on Jan. 18, 2001, when the people who operate California's electricity grid ran short of juice and started cutting off power to about 600,000 customers from Bakersfield to the Northern California border. Later that day, Gov. Gray Davis declared a state of emergency, and the state Senate voted to spend hundreds of millions of dollars in taxpayers' money to keep the power flowing as two big utilities edged toward bankruptcy.</p>
  • California: When a state controller goes begging on Wall Street

    03/29/2003 3:39:46 PM PST · by Ernest_at_the_Beach · 15 replies · 307+ views
    The Sacramento Bee ^ | Sunday, March 23, 2003 | Daniel Weintraub
    <p>From his 18th floor office in a downtown high-rise hard by the Sacramento River, Steve Westly has a majestic view of the capital city, the fertile fields that surround it and the snow-capped Sierra Nevada in the distance.</p> <p>Too bad he can't also see the future.</p>
  • California: FERC hammered on energy pacts

    03/29/2003 3:24:43 PM PST · by Ernest_at_the_Beach · 5 replies · 226+ views
    The Sacramento Bee ^ | Friday, March 28, 2003 | David Whitney -- Bee Washington Bureau
    <p>WASHINGTON -- West Coast senators blasted the Federal Energy Regulatory Commission at a hearing Thursday for its reluctance to order revisions to billions of dollars' worth of long-term electricity contracts because of massive market manipulation by power sellers.</p> <p>"The issue today is whether FERC is capable of doing its job," charged Sen. Marie Cantwell, D-Wash.</p>
  • California: FERC report accuses 37 firms of Enron trading techniques

    03/26/2003 9:39:30 PM PST · by Ernest_at_the_Beach · 9 replies · 218+ views
    Big Charts ^ | WEDNESDAY, MARCH 26, 2003 12:31 PM | Reuters U.S. Company News
    WASHINGTON, March 26 (Reuters) - Some 37 energy companies and municipal utilities that engaged in questionable trading strategies with Enron Corp. (ENRNQ) should show why they do not need to turn over their unjust profits, federal investigators said on Wednesday.Federal Energy Regulatory Commission (FERC) commissioners made public a several-hundred page report prepared by agency lawyers and investigators that called for 37 companies to prove that they did not manipulate Western U.S. markets during the California energy crisis of 2000-01."The evidence indicates that Enron, on its own, could not have implemented its trading strategies. It was only with the willing cooperation...
  • California: San Marcos steps back from power site project

    12/12/2002 12:36:02 PM PST · by Ernest_at_the_Beach · 4 replies · 215+ views
    The San Diego Union Tribune ^ | December 12, 2002 | John Berhman
    San Marcos steps back from power site projectCity's stake in venture too risky, council feels By John Berhman STAFF WRITERDecember 12, 2002SAN MARCOS – The city is getting out of the Magnolia Power Project, a multimillion-dollar electricity-generating plant that city leaders now say is too risky a venture for San Marcos. Citing unknowns in the fluctuating electricity market and fears that the state soon may be taking money from the city to balance its budget, the City Council, sitting as the Discovery Valley Utility board, voted unanimously last night to withdraw from the multicity Magnolia project. The city's cost for...
  • California: Roseville unplugs Enron ( Powerplant will not be built )

    11/23/2002 1:30:15 PM PST · by Ernest_at_the_Beach · 18 replies · 220+ views
    The Sacramento Bee ^ | Saturday, November 23, 2002 | Jennifer K. Morita -- Bee Staff Writer
    <p>ROSEVILLE -- The Roseville City Council has terminated an agreement with the Enron Corp. subsidiary that sought to build a 750-megawatt power plant in Placer County.</p>
  • California: PG&E lawyer decries bankruptcy plan for utility

    11/19/2002 6:32:51 AM PST · by Ernest_at_the_Beach · 2 replies · 190+ views
    The Orange County Register ^ | Tuesday, November 19, 2002 | Bloomberg News
    <p>SAN FRANCISCO – PG&E Corp.'s lawyer Monday called state energy regulators' plan to reorganize its bankrupt Pacific Gas & Electric utility unit "a set of empty promises."</p> <p>PG&E lawyer Steve Neal questioned whether the California Public Utilities Commission plan for Pacific Gas would garner investment- grade ratings on the first day of a trial over their rival proposals for the state's largest utility. The commission's plan would raise $8.3 billion through debt securities.</p>
  • California: Gas Daily indexes said not reliable

    11/19/2002 6:28:55 AM PST · by Ernest_at_the_Beach · 5 replies · 131+ views
    The Orange County Register ^ | Tuesday, November 19, 2002 | JENNIFER COLEMAN The Associated Press
    <p>Ex-employee of the trade journal says natural-gas prices were manipulated by companies to boost incomes.</p> <p>SACRAMENTO – A former employee of a natural-gas trade journal told California lawmakers Monday that the daily lists of gas prices were manipulated to boost prices.</p>
  • California: CPUC Staff To Examine Energy Companies Response To Lynch Report

    10/04/2002 12:02:17 AM PDT · by Ernest_at_the_Beach · 6 replies · 265+ views
    Dow Jones Business News -- Yahoo ^ | Thursday October 3, 3:05 pm ET | Jessica Berthold, Dow Jones Newswires
    LOS ANGELES -(Dow Jones)- California Public Utilities Commission board member Michael Peevey Thursday directed energy division staff to examine generators' responses to a report that said the firms could have prevented most blackouts and service interruptions in 2000-2001. The mid-September report, released by CPUC President Loretta Lynch, said six energy companies failed to produce all available power during the outages and interruptions. Generators didn't follow the instructions of the state's grid operator and didn't make plants available as soon as possible after outages, the report said. Duke Energy, Inc , Williams Companies and Mirant Corp (NYSE:MIR - News) have issued...
  • Study: West may face power shortages next year

    10/01/2002 9:01:56 PM PDT · by Ernest_at_the_Beach · 10 replies · 179+ views
    The Sacramento Business Journal ^ | Tuesday Oct 1, 2002 | Henwood Energy Services Inc
    The Western U.S. could face power outages in 2003 despite adequate margins and lower prices as Federal Energy Regulatory Commission's standard market design unfolds across the region, according to a report from Henwood Energy Services Inc., a Sacramento research-and-marketing company specializing in the energy industry. "The crisis of 2000-2001 demonstrated that exposure to spot market conditions while retail rates were frozen was extremely risky. While spot prices are now low and risk of shortages seems remote today, a severe drought such as that which occurred in 2000-2001, could bring a repeat of problems," said Richard Lauckhart, the study's lead investigator....
  • California: The PUC and the great power-shortage fairy tale -

    09/29/2002 12:35:19 PM PDT · by Ernest_at_the_Beach · 15 replies · 324+ views
    The Orange County Register ^ | Saturday, September 28, 2002 | George Reisman
    <p>The Laguna Hills resident is professor of economics at Pepperdine University & author of "Capitalism: A Treatise on Economics."</p> <p>The state Public Utilities Commission last week announced that the cause of California's numerous electric-power blackouts of recent years was the deliberate, malicious withholding of the use of available power-generation capacity by the major power-producing companies.</p>
  • In Broad Daylight

    09/27/2002 7:39:07 AM PDT · by liberallarry · 11 replies · 185+ views
    New York Times ^ | September 27, 2002 | PAUL KRUGMAN
    ou are one of only a handful of major players selling wholesale electricity. Surely the thought has to occur to you: what would happen to prices if one of my plants just happened to go off line? And when companies act on that thought . . . well, you get the picture." I wrote that in March 2001, when the California electricity crisis was at its height. Even then the experts I talked to — economists who followed the situation closely, and kept an open mind — believed that energy companies were deliberately creating shortages. But only in the last...
  • City spurned mandate for public power, S.F. stuck with high energy rates, risk of blackouts

    09/16/2002 6:23:25 AM PDT · by randita · 5 replies · 266+ views
    SF Chronicle ^ | 9/16/2002 | Chuck Finnie, Susan Sward, Chronicle Staff Writers
    <p>The story of Hetch Hetchy Water and Power reflects the stunning betrayal of a civic vision.</p> <p>Eighty-nine years ago, Congress allowed San Francisco to dam the Tuolumne River and flood part of Yosemite National Park - on the condition that it provide inexpensive hydroelectric power to San Franciscans.</p>
  • California: FERC Judge Expects El Paso Gas Pipeline Decision in September

    08/26/2002 5:35:09 PM PDT · by Ernest_at_the_Beach · 3 replies · 190+ views
    Dow Jones Business News - Yahoo ^ | Monday August 26, 12:22 pm ET | Campion Walsh, Dow Jones Newswires;
    WASHINGTON -(Dow Jones)- A Federal Energy Regulatory Commission judge said Monday he expects to decide in September on allegations El Paso Corp. (NYSE:EP - News) withheld capacity on its natural gas pipelines during California's 2000-2001 energy crisis. ADVERTISEMENT The California Public Utilities Commission, PG&E Corp.'s Pacific Gas & Electric Co. and Edison International's Southern California Edison claim withholding of space on El Paso's pipelines to California contributed to a late- 2000 natural gas price spike that raised the state's power prices. FERC Administrative Law Judge Curtis Wagner said he is reviewing voluminous briefs in the case against El Paso,...
  • California: Energy refunds remain elusive - many companies low on cash

    08/20/2002 10:59:13 AM PDT · by Ernest_at_the_Beach · 6 replies · 226+ views
    The San Francisco Chronicle ^ | August 20, 2002 | Mark Martin, Chronicle Staff Writer
    <p>California continues to build its claim that the state was unfairly gouged by power companies last year, but but consumers paying record-high electricity rates shouldn't expect to see refund checks anytime soon.</p> <p>While Gov. Gray Davis loudly maintains the state is owed $8.9 billion by the nation's generators, experts say the final tally will be nowhere near that high even if California wins its case.</p>
  • Energy refunds remain elusive, State unlikely to get $8.9 billion; many companies low on cash

    08/20/2002 5:33:43 AM PDT · by randita · 4 replies · 318+ views
    SF Chronicle ^ | 8/20/02 | Mark Martin
    <p>California continues to build its claim that the state was unfairly gouged by power companies last year, but consumers paying record-high electricity rates shouldn't expect to see refund checks anytime soon.</p> <p>While Gov. Gray Davis loudly maintains the state is owed $8.9 billion by the nation's generators, experts say the final tally will be nowhere near that high even if California wins its case.</p>
  • S&P reduces rating for CA projects to "JUNK" status

    08/07/2002 9:23:14 PM PDT · by SierraWasp · 22 replies · 407+ views
    Reuters ^ | 8/7/2002
    Here's the link:poke this!Somebody please post this as I always screw it up.
  • Regulators OK increase in power price limits...try to stabilize state's consumer energy market

    07/18/2002 5:01:19 AM PDT · by randita · 15 replies · 1,389+ views
    SF Chronicle ^ | 7/18/02 | Carolyn Lockhead, Mark Martin
    <p>Washington -- Federal regulators unanimously created new price limits for California's electricity market Wednesday -- as state officials had urgently requested -- but only after ordering the state to form a new governing board independent of the governor's control.</p> <p>The new limit of $250 per megawatt hour is higher than the current price ceiling of $91.87 that was set to expire Sept. 30. Imposed by the Federal Energy Regulatory Commission in June 2001, the limit has been widely credited as a key element in quashing the enormous price spikes and blackouts experienced during the state's power crisis last year.</p>
  • California: SDG&E says it is owed profits

    06/28/2002 9:44:32 PM PDT · by Ernest_at_the_Beach · 6 replies · 266+ views
    The San Diego Union Tribune ^ | June 28, 2002 | Craig D. Rose
    As California's electricity crisis erupted in 2000, SDG&E assured customers that it wasn't profiting from selling them power. Its profits came only from delivering electricity, the utility said. Then in 2001, SDG&E said it had in fact earned about $245 million from power sales. Now the company says it's entitled to $560 million in electricity sale profits during the crisis. The new claim – which amounts to nearly $500 from every local utility customer – was disclosed this week in sworn testimony by a top SDG&E official before the California Public Utilities Commission. The $560 million claim includes $200...
  • FERC: Energy regulator says agency's inept - promises changes

    06/19/2002 1:42:02 PM PDT · by Ernest_at_the_Beach · 6 replies · 207+ views
    The San Francisco Chronicle ^ | Wednesday, June 19, 2002 | Carolyn Lochhead, Chronicle Washington Bureau
    <p>Washington -- A day after a government report blasted his agency as inept and incapable of regulating electricity markets, the nation's top energy regulator called the findings "right on."</p> <p>"Quite frankly, most anybody that would look at this would come to the same conclusion," Patrick Wood III, chairman of the Federal Energy Regulatory Commission, said Tuesday in an exclusive interview with The Chronicle.</p>
  • EPA to loosen power-plant regulations:Current Plants may be expanded at less cost

    06/13/2002 10:21:51 AM PDT · by Ernest_at_the_Beach · 3 replies · 220+ views
    The Orange County Register ^ | June 13, 2002 | JOHN HEILPRIN Associated Press
    <p>Coal-burning utilities will not need to install more pollution controls when they expand.</p> <p>WASHINGTON – The Environmental Protection Agency will relax air pollution rules to make it easier for utilities to upgrade and expand their coal-burning power plants, Bush administration sources said late Wednesday.</p>
  • California:Tracy peaker project - Politics comes into plan

    06/09/2002 6:34:57 PM PDT · by Ernest_at_the_Beach · 16 replies · 288+ views
    Stockton Record ^ | Sunday, June 9, 2002 | Cheryl Miller Record Staff Writer
    TRACY -- State politics and economics could do what local leaders could not: delay -- if not dismantle -- plans for a 169-megawatt power plant near Tracy. And it could happen despite a state committee's recommendation in favor of the controversial Tracy Peaker Project. Plant operator GWF Energy signed a 10-year contract with the state Department of Water Resources that requires the site just south of Tracy to start generating electricity by October. But the state Energy Commission has yet to license the plant and cannot do so until convening in mid-July. GWF officials have said they need six...
  • California: Plant's time runs short -

    06/08/2002 5:18:09 PM PDT · by Ernest_at_the_Beach · 5 replies · 207+ views
    The Sacramento Bee ^ | Saturday, June 8, 2002 | Carrie Peyton Dahlberg -- Bee Staff Writer
    <p>Time may be running out for a Florida power company which has much-delayed plans to build a major power plant on the border of Rio Linda and Elverta in northern Sacramento County.</p> <p>FPL Energy has switched strategies on its air-pollution control efforts and now plans to focus on a time-consuming and potentially groundbreaking plan to offset the smog its plant would cause, company and air officials say.</p>
  • California: Power use surges as temperatures soar during first heat wave of '02

    06/06/2002 10:21:02 AM PDT · by Ernest_at_the_Beach · 14 replies · 274+ views
    The Oakland Tribune ^ | Thursday, June 06, 2002 - 3:07:27 AM MST | Douglas Fischer Staff Writer
    The hottest day of 2002 -- so far -- had Northern Californians flipping on the AC as the state issued its second low-power alert of the year Wednesday. Oakland hit 87 degrees, besting the record high of 86 set six years ago, while the Central Valley from Red Bluff to Fresno sizzled under uniform triple-digit heat. Livermore and Concord were the only two Bay Area communities joining that club, hitting 101 and 100 degrees respectively. The first heat wave of '02 sent power use surging above 40,000 megawatts for the first time this year, according to the California Independent...
  • California: Ban sought on gas exports to plants that pollute

    06/06/2002 10:12:40 AM PDT · by Ernest_at_the_Beach · 10 replies · 254+ views
    The San Diego Union Tribune ^ | June 6, 2002 | Toby Eckert COPLEY NEWS SERVICE
    WASHINGTON – Targeting controversial power-plant projects near Mexicali, three California lawmakers launched a bipartisan effort yesterday to ban exports of natural gas to plants on the Mexican side of the border that fail to meet regional U.S. air-quality standards. The two plants being built about four miles south of the border near Mexicali would be fueled by natural gas from the United States. Legislation introduced by Rep. Duncan Hunter, R-El Cajon, and California Democratic Sens. Dianne Feinstein and Barbara Boxer would apply to plants within 50 miles of the border that start operating after Dec. 31, 2001. The lawmakers...
  • A Collision on Risks of Energy Trading

    06/02/2002 8:29:09 PM PDT · by Ernest_at_the_Beach · 11 replies · 1,527+ views
    The New York Times ^ | June 2, 2002 | NEELA BANERJEE NY Times
    ones Murphy might not have noticed what his colleagues at the Williams Companies were doing if they had not been gloating.Mr. Murphy, previously a Wall Street executive, had recently been hired as the director of emerging products at Williams's headquarters in Tulsa, Okla., to help manage its trading risks. He was on the company's trading floor when he heard a commotion at the desk of Blake Herndon, director of risk management."I went over to ask what was going on," Mr. Murphy recalled of that day in December 2000. "Blake laughed and said they were going to corner the market...
  • California: Hissing noise issues forth from PUC

    06/02/2002 12:27:26 PM PDT · by Ernest_at_the_Beach · 9 replies · 195+ views
    The San Francisco Chronicle ^ | Sunday, June 2, 2002 | David Lazarus
    <p>Is a palace coup under way at the California Public Utilities Commission?</p> <p>Insiders sure think so.</p> <p>All eyes these days are on Michael Peevey, a former Southern California Edison president who was appointed by Gov. Gray Davis in March to oversee his past employer (as well as PG&E, Pacific Bell and other such entities).</p>
  • California:GOV. DAVIS ORDERS RENEWAL OF 20/20 ENERGY CONSERVATION PROGRAM

    05/31/2002 4:17:08 PM PDT · by Ernest_at_the_Beach · 14 replies · 241+ views
    Bloomberg News ^ | May/28/2002 11:50 GMT | Governor Davis & staff
    <p>Governor Gray Davis today signed an Executive Order leading to the renewal of a popular "20/20" energy conservation program that will allow customers of the state's three largest utilities to cut 20 percent off their electricity bills this summer and fall.</p>
  • Reliant Resources Responds to FERC; Disclosed Trades Include Single Roundtrip in WSCC in 2000/2001

    05/31/2002 3:22:57 PM PDT · by Ernest_at_the_Beach · 12 replies · 248+ views
    Bloomberg News ^ | 05/31/2002 | Richard Wheatley Melanie Trent both of Reliant Resources, Inc./
    <p>HOUSTON, May 31 /PRNewswire-FirstCall/ -- Reliant Resources, Inc. (NYSE: RRI), in responding today to a Federal Energy Regulatory Commission (FERC) request for information about roundtrip trades in the Western Systems Coordinating Council for the purpose of increasing volume in 2000-2001, said that among transactions previously disclosed was a single roundtrip trade of an electricity product in that region and time period. This is the sole transaction that Reliant has identified to date that is responsive to the Commission's investigation.</p>
  • California: Court says "Pass budget or cut spending"

    05/30/2002 12:04:45 PM PDT · by Ernest_at_the_Beach · 60 replies · 596+ views
    The San Francisco Chronicle ^ | Thursday, May 30, 2002 | Mark Martin, Greg Lucas, Chronicle Sacramento Bureau
    <p>Sacramento -- An appeals court on Wednesday severely restricted the state's ability to spend money -- including financing for schools -- if the governor has not signed a new budget by the July 1 deadline.</p> <p>The California Court of Appeal in Los Angeles also said state workers could be paid only the federal minimum wage if the Legislature and Gov. Gray Davis fail to come up with a budget when the new fiscal year begins.</p>
  • California: PG&E challenge may slow Calif. power bonds

    05/30/2002 9:58:09 AM PDT · by Ernest_at_the_Beach · 18 replies · 426+ views
    Yahoo -- Reuters ^ | May 29 , 2002 | Michael Kahn Reuters
    SAN FRANCISCO, May 29 (Reuters) - Pacific Gas & Electric Co. (NYSE:PCG - News) has challenged an order by state regulators needed for California to launch an $11.1 billion bond issue to help recoup the cost of the state's emergency power purchases last year. The challenge, made late on Tuesday by the PG&E Corp. subsidiary, California's biggest utility, could delay the bond issue, one of the largest municipal bond sales ever, credit analysts said. While state Treasurer Phil Angelides has not set a schedule for any bond deal, he recently told investors he would likely issue a timetable sometime...
  • Reliant Responds to FERC's Industry-Wide Questionnaire

    05/24/2002 1:36:36 PM PDT · by Ernest_at_the_Beach · 4 replies · 178+ views
    The Street.com ^ | May 22, 2002 | PRNewswire
    Reliant Responds to FERC's Industry-Wide Questionnaire About Alleged Manipulation of California Electricity Market HOUSTON, May 22, 2002 /PRNewswire-FirstCall via COMTEX/ -- Reliant Resources, Inc. today submitted its response to the U. S. Federal Energy Regulatory Commission's request for information related to the trading practices described in a series of Enron memos released earlier this month.The Reliant submission denies that the company engaged in trading practices comparable to the practices detailed in the Enron memos during the period 2000-2001. For certain types of transactions the submission also seeks to explain the basic market structure that existed in California at the time,...