Chris Warner Generator Quotations

We believe that the wholesale power market is broken. Out- of-state generators are charging us outrageous prices. We don't make a profit on the power we buy from out-of-state generators. We are basically paying out 15, 18, 40 cents a kilowatt hour and we're only allowed to collect about a nickel from our customers.

PG&E has been paying out tremendous amounts of dollars for power costs to out of state generators and we have undercollected over seven -- nearly seven -- billion dollars compared to what our ratepayers are paying. And for our financial survival, we need simply to be able to finance the costs of that power,