The prospects for a major natural gas pipeline from Alaska’s North Slope to the Lower 48 states are growing dimmer, FERC said in its third report on the project submitted to House and Senate leaders.
Dimmer
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California Energy Situation Worsens
Prospects for a rescue of the California energy market grewdimmer yesterday as power and money ran low for utilities SouthernCalifornia Edison and Pacific Gas & Electric. The Cal-ISOdeclared its third Stage Three alert in less than a week Tuesday;Investors’ services Standard & Poor’s, Moody’s and Fitchvariously downgraded credit ratings applying to both utilities; andthe out-going Clinton Administration appeared to have bowed out ofthe crisis, leaving it up to California officials.
January 17, 2001