Cost-based rates will harm industry, Duke executive says

Speaking at conference sponsored by the Electricity Consumers Resource Council, Bailey said the Duke unit could even support some of the tiered price cap structures presented to the California Independent System Operator because “we feel that some of the proposals still provide enough upside potential for developers.”

Oct. 13, 2000–California’s wholesale electricity costs were a record $4.5 billion in August, topping by about $1 billion the previous record set in June, the California Power Exchange (PX) says in a monthly assessment of the market.

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