Energy Factors
- Estimated power need
on hot days -- 47,000 megawatts
- Estimated power from
generators -- 20,000 megawatts
- Estimated power saving
through conservation -- 7,000 megawatts
- Estimated shortfall
-- 20,000 megawatts
- Estimated of power
on the spot market - $195 megawatt hour
- Power futures projected
price - $400 megawatt hour peak
- Power cost 1999 - $7
billion
- Power cost 2000 - $28
billion
- Estimated power cost
2001 - $70 billion
- Estimated state spending
for power purchases through next year -- $23 billion
- Amount of energy bond
issue to pay for power -- 10 billion
- Daily cost of buying
power in February/March -- $58.6 million
- Refunds ordered by
Federal regulators -- $55 million
- Number of sealed bids
received by the state to provide long term power -- 39
- Average cost of the
power -- 6.9 cents per kilowatt hour
- Campaign contributions
from PG&E in 1999 and first half of 2000 to California lawmakers --
$1.7 million
- Received by Governor
Davis -- $112,258
- Campaign contributions
from Edison International in 1999 and first half of 2000 to California lawmakers
-- $1.8 million
- Received by Governor
Davis -- $105,000
- Daily amount of tax
dollars spent buying electricity -- $20 million
- Reported recent cost
of electricity on the spot market -- 60 cents per
kilowatt hour
- Price state is willing
to pay under emergency legislation -- 5.5 cents per
kilowatt hour
- Current rate paid by
Edison customers -- 7.5 cents per kilowatt hour
- Current rate paid by
PG&E customers -- 6.7 cents per kilowatt hour
- Average amount of electricity
used per household -- 500 kilowatt hours per month
- Current losses by utilities
-- $12 billion
- PG&E lead lender
-- Bank of America
- Quarterly profit increase
reported by Duke Power Company -- 16%
- Taxpayer dollars made
available by emergency legislation to buy power -- $400
million
- Estimated daily spending
for power -- $10 million to $80 million depending on spot price
- California population
growth -- 600,000 per year
- Number of new California
power plants in the past 10 years -- 0
- Cost of one megawatt
hour of electricity in 1999 -- $28
- Cost of one megawatt
hour of electricity today -- $300
- Price the state is
willing to pay for one megawatt hour -- $55
- Cost of producing a
megawatt hour in a natural gas fired power plant -- $80
- Wholesale cost of power
before emergency legislation signed -- $580 per megawatt
- Wholesale cost of power
after emergency legislation signed -- $181 per megawatt
--Source:
daily news reports compiled at Rough &
Tumble
