California’s financially troubled utilities dodged a bulletearlier this week when the Senate defeated an amendment that wouldhave required them to repay suppliers for all of the power theyreceived as a result of the Department of Energy orders during theDecember-through-February period, even if they go bankrupt.
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Davis Outlines State Buy Out of Power Lines
California Gov. Gray Davis “delivered” on his plan to buy outthe transmission systems of the financially-troubled investor-ownedutilities in the state Friday, outlining the framework of a deal,but with no dollar signs attached and no on-the-record agreementswith the utilities.
February 20, 2001
Davis Outlines State Buyout of Power Lines
California Gov. Gray Davis “delivered” on his plan to buy outthe transmission systems of the financially-troubled investor-ownedutilities in the state Friday, outlining the framework of a deal,but with no dollar signs attached and no on-the-record agreementswith the utilities.
February 19, 2001
Utility Buyout Brewing; Grid Limps On
State legislators debated a “cash infusion” for the financiallytroubled private-sector utilities yesterday in exchange for statetakeover of their transmission and generation assets. AndCalifornia Gov. Gray Davis on Wednesday highlighted a package ofproposed bills to provide $120 million in cash incentives and a 50%tax break to renewable energy and distributed generation developersas a means of fulfilling his promise to add 20,000 MW over the nextthree years.
February 15, 2001
Private Power Growing Fast in Mexico
InterGen and AEP Resources financially closed a deal on the 600MW natural gas-fired Bajio power plant. The $435 million plant isunder construction in the state of Guanajuato, 160 miles fromMexico City.
July 17, 2000
Private Power Growing Fast in Mexico
InterGen and AEP Resources financially closed a deal on the 600MW natural gas-fired Bajio power plant. The $435 million plant isunder construction in the state of Guanajuato, 160 miles fromMexico City.
July 13, 2000
Coho’s Reorganization Plan Approved
Financially troubled energy producer Coho Energy Inc. announcedthat after several modifications, its plan for a bankruptcyreorganization was approved earlier this month by the U.S.Bankruptcy Court for the Northern District of Texas. The confirmedplan is anticipated to begin March 31. Coho could not be reachedfor comment before press time.
March 22, 2000
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