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bailout |
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Instead, with demand response, we are literally giving large energy consumers the power to keep the system going in times of crisis, and by not relying on power plant bailouts, also providing a viable means to help keep our electricity rates in check. Already facing deficits of more than $110 billion, public-employee pension plans in Los Angeles and elsewhere in the state have overestimated future investment income in a move that could imperil the systems and require taxpayer bailouts, former Mayor Richard Riordan and other financial experts warn. The list of Fortune 500 companies changes annually, and some of the real giants of industry have survived only after government bailouts, tax breaks, corporate mergers and hostile takeovers by competitors. |
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