California electricity prices now second-highest in U.S.: ‘Everyone is getting squeezed’

By Julie Johnson : sfchronicle – excerpt

North Beach resident Serena Satyasai never thought much about her utility bill, but that was before February when California’s electricity prices rose to become the highest in the contiguous United States, according to the U.S. Energy Information Administration.

Satyasai’s Pacific Gas and Electric Co. bill jumped by about $100 compared with the same month last year. Like many of PG&E’s 5.5 million customers, she’s having to rescript her monthly budget around these rising costs…

“Everyone is getting squeezed,” Satyasai said.

Propelled in large part by PG&E, which hiked residential electricity rates by 20% for about 16 million Californians in January, the state’s high electricity prices are second only to Hawaii, which is always an expensive outlier because of the costs of shipping oil to the far-flung archipelago…(more)