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The "D" Word
RE #3: "What are you going to do with a City that never stops playing the old game? " Be vigilant. Seriously, penny-pinching vigilant.— April 29, 2010 10:36 a.m.
Utility Customers get $400 Million from Sempra Settlement
Very impressed by Mr. Bauder beating out our distinguished daily paper on this one by a full day.— April 29, 2010 10:33 a.m.
Utility Customers get $400 Million from Sempra Settlement
RE #15: "And me, the ordinary SDGE ratepayer gets WHAT from this great victory? A chance to get my rates increased or some real $$$$ in MY pocket? - or both....." Actually something like $0.$$ in your pocket or more likely just credited to that month's SDG&E payment.— April 29, 2010 10:31 a.m.
Utility Customers get $400 Million from Sempra Settlement
RE $16: Probably, without Sempra Energy chipping in to eliminate the need for "taxes and special 'fees'" as directed in the CPUC interim decision I linked to in #8 above.— April 29, 2010 10:26 a.m.
Fun raising
Hoping to hear soon about Duncan Hunter's next fun raiser for American-born children of illegal aliens. Or against. Whatever. Perhaps if congressional representatives were stripped of American citizenship, then they could receive massive campaign donations from banks, insurers, corporations and other artificial persons without those bothersome conflicts of interest?— April 28, 2010 8:14 p.m.
Utility Customers get $400 Million from Sempra Settlement
RE #7: That, my friend, probably has a lot more to clearing the way for Proposition 16 than we realize.— April 28, 2010 6:07 p.m.
Utility Customers get $400 Million from Sempra Settlement
RE #4 & #6: Since this morning, after I spoke with the Attorney General's office, I've discovered an interesting interim decision (http://docs.cpuc.ca.gov/word_pdf/FINAL_DECISION/1…) by CPUC regarding SDG&E, Sempra Energy, and the obligatory interests of a holding company to provide necessary capital to its own utility before said utility whines to CPUC that the utility must raise rates... unfortunately, the 2001 OII (Order Instituting Investigation) filed as CPUC I-01-004-002 regarding SCE, PG&E, SDG&E and their holding companies, which the interim decision speaks to, appears to be not available online. Citing that decision above, SDG&E's part in the WEBA application appears somewhat disingenuous without mentioning the "first obligation" regarding "capital" of the holding company to a utility lacking resources to cover its own operations, no matter how prone to wildfires those operations might be. MAYBE somebody who's already allowed by parties to intervene should bring it up. I agree with Mr. Bauder's assessment of Aguirre's tenacity. I am still sorry that we could not get Aguirre involved to represent us in ENCANTO GAS HOLDER VICTIMS v. SDG&E before we lost to Sempra Energy & SDG&E's motion for summary judgment late last year, $70K-in-court-costs sorry.— April 28, 2010 6:05 p.m.
Utility Customers get $400 Million from Sempra Settlement
I don't think he had anything to do with either of the settlements directly, but his presence and concurrent taking of depositions certainly had something to do with the timing and no-so-favorable-to-shareholders terms of those two settlements. Remember: that Enron commodity trading unit that became Sempra Energy was composed of "The Smartest Guys in the Room" according to CNBC. http://www.imdb.com/title/tt1016268/ Jeffrey Skilling: "Oh I can't help myself. You know what the difference between the state of California and Titanic? And this is being webcast, and I know I'm going to regret this - at least when the Titanic went down, the lights were on."— April 28, 2010 12:17 p.m.
Utility Customers get $400 Million from Sempra Settlement
This is the second major settlement announcement about SDG&E RE long-running CPUC disputes in as many weeks (http://www.sandiegoreader.com/weblogs/encanto-gas…), following the KUSI announcement of Michael Aguirre's intervention in CPUC wildire insurance matters involving SDG&E last week. I Like Mike.— April 28, 2010 10:59 a.m.
Local Lead Indicators Continue Rising
Despite the low consumer confidence levels, there would seem to be a lot of pent-up consumer demand for goods and services. Maybe I'm wrong, but the low local consumer confidence level seems to reflect more on an inability of ordinary people to obtain full-time jobs and credit than on a lack of demand. If demand is low, then we should blame lousy advertising? Hopefully, WEBA will not be adopted by CPUC as an open-ended wildfire tax on consumers, as this won't do a thing to improve consumer confidence (http://www.cpuc.ca.gov/EFILE/REP/108609.pdf).— April 28, 2010 9:27 a.m.