We`ll have a public power authority, which will also have the ability to build power or finance power. And more importantly, we`ll have more power than our economy provides. All of that will give us leverage we don`t have today.
We started focusing on this in earnest late summer and early fall. I can build more power plants. In the 12 years before us, not a single plant of major consequence was built.
We believe you will not have to pay more than the current rate structure proposes - which is, for 50 percent of the public, nothing; for another 25 percent, only a 10 percent increase; and for the remaining 25 percent, a 34 percent increase.
There`s no question that California, in the last three or four years, has been privileged to add disproportionately to the economic growth of America, and to contribute to its technological productivity.
We`ll have a public power authority, which will also have the ability to build power or finance power. And more importantly, we`ll have more power than our economy provides. All of that will give us leverage we don`t have today.
