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.
Troubled
Articles from Troubled
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
Pipelines ‘Troubled’ by Change in Senate’s Pipe Safety Bill
By 98-0, the Senate last week voted out what one lawmaker dubbedthe “strongest and most comprehensive” pipeline-safety bill everpassed in Congress, with provisions calling for stepped-upinspections for natural gas and hazardous liquid lines and stifferpenalties against safety violators.
February 12, 2001
OCC Goes After Troubled Marketer
Almost a month and a half after being kicked out of Columbia Gas of Ohio’s Customer Choice program for failure to deliver gas to its customers in August, Ohio marketer Energy Max has found itself at the epicenter of a complaint lodged by the Ohio Consumers Council (OCC) in the interests of the marketer’s customers.
October 30, 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
TriState Seeks Hold on Troubled Project
TriState Pipeline L.L.C. last week asked FERC to place the U.S. portion of its Chicago-to-Canada project on indefinite hold, which only added more fuel to industry speculation that the project’s future is tenuous at best.
October 20, 1999
Jurisdictional Dispute on TriState Resolved
The troubled TriState Pipeline got some much-needed good newsyesterday when FERC issued a preliminary determination on thenon-environmental aspects of the project.
September 30, 1999
Allegheny, DQE Merger Raises Competition Concerns
FERC last week put off a final ruling on the troubled merger ofAllegheny Energy and DQE Inc., parent of Duquesne Light, until thepartners decide how they want to resolve some serious competitiveconcerns. The Commission gave them the option of divesting DQE’s570-MW Cheswick Generating Station or proceeding to hearing ontheir own mitigation measures, which include relinquishing controlof the Cheswick output on a short-term basis and joining theMidwest independent system operator (ISO).
September 21, 1998
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