California’s high-speed rail initiative has its fair share of detractors, but the state’s two largest utility companies—Pacific Gas & Electric Co. (PG&E) and Southern California Edison—are not among them. Both companies stand to make millions, if not billions, providing electricity to the new high-speed rail lines if the controversial project is approved....According to a 2011 analysis prepared for the California High-Speed Rail Management Team, total electricity usage for the proposed rail system would be—“conservatively” speaking—about 8.32 million kilowatt-hours (KWh) per day. That works out to a little over 3 billion KWh per year. According to the California Public Utilities Commission (CPUC), customers of PG&E, Southern Edison California, and San Diego Gas & Electric, the state’s third largest utility, paid an average rate of about 15.2 cents per KWh. At those rates, the total utility bill for the project would amount to about $1.26 million per day, or more than $460 million per year.
Read the rest here
The Washington Free Beacon