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Enron Mail |
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/23/2000 08:24
AM --------------------------- Enron Capital & Trade Resources Corp. From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com< 08/23/2000 07:42 AM To: "Golden, Mark" <Mark.Golden@dowjones.com<, "Leopold, Jason" <Jason.Leopold@dowjones.com< cc: (bcc: Carla Hoffman/PDX/ECT) Subject: DJ Clinton To Direct Govt To Help Calif On Electricity Woes 14:22 GMT 23 August 2000 DJ Clinton To Direct Govt To Help Calif On Electricity Woes WASHINGTON (Dow Jones)--U.S. President Bill Clinton will direct federal agencies Wednesday to provide financial assistance to low-income families and small businesses in Southern California to help them cope with high electricity bills, the White House said in a written statement. Clinton also ordered the release of $2.6 million from the Low Income Home Energy Assistance Program to help low-income families in Southern California. The Small Business Administration will urge its lending partners to use SBA credit programs to help small businesses with their energy costs. Clinton is taking the action because of a steep rise in the wholesale price of electricity, the statement said. In addition, Clinton has called on Energy Secretary Bill Richardson to ask the Federal Energy Regulatory Commission to speed up an investigation into the bulk market for electricity "so that state and federal regulators and policy makers can have the information they need to protect consumers in a timely fashion." Clinton's actions marks the second time this summer the president has stepped in to help California cope with its electricity shortages. Earlier, Clinton called on all federal facilities in California to cut their power usage and to direct power back into the electricity grid. -By Alex Keto, Dow Jones Newswires; 202 862 9256; alex.keto@dowjones.com Copyright © 2000, Dow Jones & Company Inc G_nther A. Pergher Senior Analyst Dow Jones & Company Inc. Tel. 609.520.7067 Fax. 609.452.3531 The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer. <<Gunther Pergher (E-mail).vcf<< - Gunther Pergher (E-mail).vcf
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