International Business News - EIX http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif State regulators have penalized Southern California Edison $146 million for rigging customer satisfaction surveys. The California Public Utilities Commission announced a fine Thursday and ordered Edison to refund nearly $81 million that customers paid for performance bonuses over several years. http://www.ibtimes.com/articles/20080919/calif-regulators-penalize-socal-edison-146m.htm Fri, 19 Sep 2008 13:31:30 EDT Shares of utilities jumped Thursday morning after embattled Constellation Energy Group Inc. agreed to a buyout and the broader markets rebounded following steep drops earlier this week. http://www.ibtimes.com/articles/20080918/utilities-rebound-on-constellation-buyout-news.htm Thu, 18 Sep 2008 10:22:20 EDT After seven hours of testimony, the Nevada Tax Commission decided to get more information before determining whether Southern California Edison gets a tax rebate plus interest of up to $70 million. http://www.ibtimes.com/articles/20080910/nev-commission-undecided-on-tax-rebate-to-utility.htm Wed, 10 Sep 2008 11:54:20 EDT Southern California Edison, a division of power producer Edison International, said Monday it signed a 20-year contract with DCE, an affiliate of Caithness Energy, to provide up to 909 megawatts of wind power. http://www.ibtimes.com/articles/20080818/southern-california-edison-signs-wind-power-deal.htm Mon, 18 Aug 2008 07:28:40 EDT Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080808/fannie-mae-mbia-mcdonalds-are-big-movers.htm Fri, 08 Aug 2008 16:57:06 EDT Power producer Edison International said Friday its second-quarter earnings more than doubled, helped by better margins, lower taxes and comparison to a year-ago period weighed down by debt payoffs. http://www.ibtimes.com/articles/20080808/edison-intl-profit-soars-beats-views-on-margins.htm Fri, 08 Aug 2008 09:50:30 EDT Preliminary reports released by state fire officials say Southern California Edison electrical lines sparked two small wildfires last fall during periods of high winds. http://www.ibtimes.com/articles/20080801/report-power-lines-sparked-2-wildfires-in-2007.htm Fri, 01 Aug 2008 12:01:18 EDT Teco Energy Inc. led Standard & Poor's 500 Index utility stocks higher in the second quarter, as investors flocked to the stock as coal prices soared. http://www.ibtimes.com/articles/20080630/teco-energy-leads-utility-gains-in-2q.htm Mon, 30 Jun 2008 13:22:39 EDT Regulators, consumer advocates, utilities and industry groups in Maryland, Delaware and the District of Columbia are asking federal regulators to review an electric rate settlement involving an Edison International unit's power-trading practices. http://www.ibtimes.com/articles/20080620/md-del-dc-seek-to-reopen-edison-mission-case.htm Fri, 20 Jun 2008 16:17:41 EDT It seems like an idea any environmentalist would embrace: Build one of the world's largest solar power operations in the Southern California desert and surround it with plants that run on wind and underground heat. http://www.ibtimes.com/data/articleimgs/72511-renewable-energy.jpg http://www.ibtimes.com/articles/20080615/utility-finds-foes-to-renewable-energy-line-plan.htm http://www.ibtimes.com/articles/20080615/utility-finds-foes-to-renewable-energy-line-plan.htm Sun, 15 Jun 2008 13:05:39 EDT Washington Mutual Corp., hard-hit by the mortgage and credit crises, said Monday it will replace Chief Executive Kerry Killinger as chairman of the board and take other steps to improve corporate governance. http://www.ibtimes.com/data/articleimgs/61150-wamu-killinger.jpg http://www.ibtimes.com/articles/20080602/washington-mutual-replaces-killinger-as-chairman.htm http://www.ibtimes.com/articles/20080602/washington-mutual-replaces-killinger-as-chairman.htm Mon, 02 Jun 2008 17:29:17 EDT The Grant County Public Utility District is getting $11.8 million from three California utilities in a settlement. PUD commissioners voted last week to accept the resolution of claims over unpaid power sales during the energy crisis of 2000-01. Electricity prices skyrocketed to $200 to $500 a megawatt from $30 to $50 a megawatt, partly because of manipulation by Enron before that company went bankrupt. http://www.ibtimes.com/articles/20080512/wash-utility-to-get-11-8m-in-enron-related-settlement.htm Mon, 12 May 2008 12:22:16 EDT Power producer Edison International said Thursday its first-quarter profit fell even as revenue grew because of a tax benefit last year. Net income for the three months ended March 31 fell to $299 million, or 91 cents per share, compared with $333 million, or $1 per share, a year earlier. Last year's total included a 10 cent per share tax benefit. http://www.ibtimes.com/articles/20080508/edison-intl-1q-profit-falls-after-tax-gain-last-year.htm Thu, 08 May 2008 11:05:14 EDT Arizona regulators who refused to allow a California utility company to build a power line from Phoenix to Palm Springs, Calif., last year now hope federal officials won't even consider overriding their decision. http://www.ibtimes.com/articles/20080425/ariz-wants-feds-to-block-power-line-for-calif.htm Fri, 25 Apr 2008 20:23:38 EDT A $40 million tax refund to a utility was canceled Thursday by the Nevada Supreme Court because a state Tax Commission vote for the refund was taken in an illegal closed-door meeting. http://www.ibtimes.com/articles/20080424/nevada-court-nixes-utilitys-40-million-refund.htm Thu, 24 Apr 2008 15:36:36 EDT Thirty-five international oil companies have qualified to bid for future oil and gas contracts to develop one of the world's largest oil fields, an Iraqi oil ministry statement said Sunday. "The to... http://www.ibtimes.com/articles/20080413/35-firms-okd-to-bid-on-iraq-oil-deals.htm Sun, 13 Apr 2008 13:21:11 EDT Midway Sunset Cogeneration Co. will pay $85.7 million to settle claims stemming from its role in a crisis that drove up energy prices in the Western U.S. in 2000 and 2001, federal regulators said Wed... http://www.ibtimes.com/articles/20080402/midway-sunset-to-settle-energy-claims.htm Wed, 02 Apr 2008 17:47:45 EDT Southern California Edison Co. plans to build the nation's largest solar energy installation _ an array of collector cells covering two square miles of rooftops that could power about 162,000 homes, the utility announced Thursday. http://www.ibtimes.com/articles/20080327/calif-could-get-big-solar-power-boost.htm Thu, 27 Mar 2008 17:20:22 EDT Shares of multi-utility companies were mostly higher Thursday afternoon as bargain hunters emerged to spur a broad market rally. American Electric Power Co. rose 56 cents to $40.83. http://www.ibtimes.com/articles/20080320/closing-glance-multi-utilities-rise.htm Thu, 20 Mar 2008 16:08:13 EDT Shares of electric utilities closed mostly lower Monday after a hectic day driven by JPMorgan Chase's government-backed buyout of Bear Stearns and investor nervousness about shaky credit markets. http://www.ibtimes.com/articles/20080317/sector-glance-electric-utilities.htm Mon, 17 Mar 2008 16:26:51 EDT