California Governor issues proclamation

“By acting quickly and decisively, we have rescued these contracts from the auction block and preserved their low-cost value for consumers,” Governor Davis said. “This is another important step forward toward our goal: a reliable supply of power at a reasonable cost. If we had not seized these assets when we did, they would have been lost to consumers at these low costs forever.”

HOUSTON, Feb. 5-El Paso Corp. has submitted long-term bids for gas and power under the new California law permitting the state to buy electricity directly bypassing state utilities, company officials said Monday.

Previous articleDOE will not extend Calif. deadline
Next articleNew company develops Internet-based data communications for energy markets

No posts to display