Analyst: Rate hikes for California utilities ‘grossly inadequate’

The surcharge is meant to cover the utilities’ cost of buying wholesale power. The California PUC adopted the temporary rate increases during a hearing Thursday.

CHARLOTTE, N.C., Jan. 4, 2001 (PRNewswire) — Duke Energy (NYSE: DUK) distributed new information to the financial community today in response to questions about the effect of the current energy shortage in California.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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