The price of renewable power contracts signed by California utilities more than doubled from 2003 through 2011 but has now started to plunge, according to a long-awaited state report issued Friday.
The report is the most detailed accounting yet of the costs of California’s push to use more solar, wind and geothermal power. Until now, most of those costs have remained hidden from the public. The California Public Utilities Commission, which issued Friday’s report, has for years published quarterly updates on the number of contracts signed but has never before included the costs.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/02/03/BUMP1N30MP.DTL#ixzz1lREfwQpR
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