High power rates in West jolting economy
Blame placed on growing demand coupled with low river flows; deregulation; lack of new power facilities
by The Associated Press
Companies across the West are laying off workers because of skyrocketing electricity costs. Rising gasoline prices are tame compared to electricity rates, which climbed to more than 40 times normal levels in the first two weeks of June.
Usually between $20 and $30 per megawatt hour, wholesale price....
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Prospects for more Northwest plants slim
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