Electrification, Markets, Markets

California Utilities Will Buy More Energy, Hike Rates to Avoid Blackouts: CPUC

Jim Vess
February 16, 2021
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By Olga R. Rodriguez • 

Utilities will be allowed to buy extra energy and pass on the costs to customers in order to avoid a repeat of rolling blackouts that kicked in last summer when demand outpaced supply, California regulators said Thursday.

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