California Halts Advance Payments to Gas Firms
California Public Utilities Commission votes 4 to 0 to reopen two advance-payment plans tied to Alaska natural gas after the Federal Power Commission changed policy. If modified, PG&E and Southern California Gas could face rate increases totaling about 1 billion dollars to cover development costs and rights to future gas. The action could affect contracts with Arco and Exxon, with potential refunds if interstate gas supplies fail to materialize.
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Assemblyman Willie Brown plans faster Porsche Carrera race car
SACRAMENTO Assemblyman Willie Brown, SF Democrat, aims to sell his 145 mph black Porsche Carrera to fund a turbocharged model surpassing 200 mph. He plans race driving lessons at Sears Point and amateur road course racing, joking that rival Milton Marks is not a good driver.
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Willie Brown
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Wall Street Journal
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Milton. Marks
D-San Francisco
Milton Marks
Assembly panel rejects 17.5 percent CHP pay hike
Sacramento AP report: An Assembly committee killed a proposed 17.5 percent raise for California Highway Patrol officers in the current year by a 6-9 vote in Ways and Means. Gov Brown opposed. the bill would have appropriated about $10.3 million to cover the difference. CHP officers staged a brief slowdown in protest.
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Maddy
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