The good news is the lights are still on in California. But Wall Street will be watching closely this week as California legislators on one coast and the Clinton Administration on the other attempt to stop the train wreck in the California power market and rescue the traditional “widow and orphans” investments in PG&E Corp. and Edison International from the junk pile.
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Articles from Good
Edison Files Suit to Re-Impose Price Controls in CA
Southern California Edison made good on its threat to go tocourt if FERC failed to respond immediately to its request tore-impose price controls on bulk power sales in the in theout-of-control California market.
December 29, 2000
Weekend Brings Some Price Relief, But Not Much
A solid blast of cold, wintry weather and a technically bullishfutures screen produced tremendous price increases and enormousprice ranges nationwide last week. On Friday, there was little onthe horizon to change the current market picture other than thenormal weekend decline in demand.
November 13, 2000
CA Utilities Report Good Results Despite Struggle
It’s the “market volatility,” stupid!
October 27, 2000
Analyst: Utilities ‘Desperation’ Creates Value
The “desperation” by utilities to consolidate, mutate or get outof the business altogether is a good thing, said utilities analystDaniel Ford of ABN AMRO, because this fear is where most of thestock values are now being created. Ford, a keynote speaker at lastweek’s PowerMart 2000 in Houston, called investors a “ficklebunch,” but added they are sticking with utility stocks.
October 23, 2000
Analyst: Utilities’ ‘Desperation’ Creates Value
The “desperation” by utilities to consolidate, mutate or get outof the business altogether is a good thing, said utilities analystDaniel Ford of ABN AMRO, because this fear is where most of thestock values are now being created. Ford, a keynote speaker atPowerMart 2000 in Houston, called investors a “fickle bunch,” butadded they are sticking with utility stocks.
October 19, 2000
Data Correction Adds 25 MMcf/d to Chevron Well
In the good news department: Chevron Canada Resources said thatits reported natural gas production volumes from its Fort LiardK-29 well in the southwestern part of the Northwest Territories areabout 25 MMcf/d more than it had estimated.
October 6, 2000
Producers Battle Over Hot B.C. Prospect
A small, but hot new fight before the National Energy Board ismaking it official — in Canada, natural gas has become as good asgold, and just the prospect of producing some is worth a battle.
September 18, 2000
Producers Battle Over Hot B.C. Prospect
A small, but hot new fight before the National Energy Board ismaking it official — in Canada, natural gas has become as good asgold, and just the prospect of producing some is worth a battle.
September 12, 2000
Defense Department Buys NG in Online Project
Reducing paperwork and maybe even saving money in the federalgovernment? How can this not be a good thing?
August 8, 2000
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