Several days ago, the Wall Street Journal issued a report about California’s “soaring electricity rates.”
Average residential rates for investor-owned utility customers have surged by 72% to 127% over the past 10 years. About 2.5 million households there are behind on their bills, averaging $733 in arrears.
According to the Energy Information Administration, California has the second highest average retail price for electricity at $.22 per kilowatt-hour.
Fuel prices in California are the highest in the nation at an average $4.58 a gallon, while the national average is $3.14.
California is also...
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