California generators form creditors committee

HOUSTON, Feb. 2, 2001–Reliant Energy Inc., Dynegy Inc., and Mirant Corp. (formerly Southern Energy Inc.) formed a creditors committee late Friday to pursue “options” to seek payment for millions of dollars in unpaid power bills from two near-bankrupt California utilities.

HOUSTON, Texas, Feb. 12, 2001 (BUSINESS WIRE)–California’s current power crisis is the precursor of a much more serious shortage that will occur during the coming summer despite recent steps to expand the state’s power generation capacity, according to “Beyond California’s Power Crisis: Impact, Solutions and Lessons,” a report released today by Cambridge Energy Research Associates (CERA).

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