Electric utilities fall short on infrastructure investment

The boom in new power plants has been driven largely by non-utility merchant power plant developers.

SAN FRANCISCO, Calif., July 19, 2001 – Pacific Gas and Electric Company has signed five-year agreements with 131 of its qualifying facilities (QFs), ensuring the utility and its customers receive a reliable supply of electricity at an average energy price of 5.37 cents per kilowatt-hour.

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