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California seeks federal aid as power crisis looms
Washington briefing gathers Gov Gray Davis and major utilities to press for federal help amid California energy losses surpassing $9 billion since June. Sperling, Richardson, Summers seek broker role. senators push back on bailout while price gouging accusations target Gen Enron Dynegy and Duke. Davis blames deregulation as dangerous failure while calling for new plants and possible price caps.
MENTIONED IN THIS ARTICLE
Washington
Clinton
California
Gray Davis
Gene Sperling
Treasury Department
Davis
Federal Energy Regulatory Commiss
Ion
Sperling
Associated Press
Energy
Bill Richardson
Treasury
Lawrence Summers
Wall Street
California Utilities
Pacific Gas and Electric Co
Southern California Edison Co
State Public Utility Commission
Enron
Dynegy
Duke Power
Steve Maviglio
Bush
Phil Gram
Texas