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California
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| California has the 10th highest retail electricity prices
in the nation. The 2000 state average rate of $85.30/MWh was 28 percent
above the national average retail rate. California's high rates reflect
its enormous stranded cost investments in high cost gas steam units,
renewable energy generation and nuclear powerplants. Given its strict
environmental standards, California depends upon imported power for
roughly half of its power needs. Some imported power is from coal-fired
powerplants in Arizona, Nevada, Utah and Wyoming. This coal power in
combination with low cost hydroelectric power offset only some of the
high generating costs of the state's renewable power (mostly geothermal
and wind), gas steam and nuclear powerplants. |
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