California steps up to Stage 2 emergency

Meanwhile, negotiations are under way in Washington, DC, and Sacramento today among state and federal officials and California utilities on how resolve the continuing crisis. Wednesday, U.S. Energy Sec. Bill Richardson is scheduled to meet in Denver with western governors and energy executives to discuss the region’s electricity problems.

Dec. 19, 2000—U.S. Energy Sec. Bill Richardson Tuesday warned California utilities could be facing a “liquidity crisis” in a meeting in Washington with federal regulators, utilities, and California electricity marketers.

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