New York has the 3rd highest retail electricity prices
in the nation. The 2000 state average rate of $111.90/MWh was 68 percent
above the national average retail rate. New York rates are very high
because of high nuclear powerplant investment costs ($8.0 billion).
Only 18 percent of in-state utility generation comes from lower cost
coal-fired units (most of whom were sold in 1998 for $953 million as
part of utility deregulation).
