California too costly for our economy

Several days ago, the Wall Street Journal issued a report about California’s “soaring electricity rates.” Average residential rates for investor-owned utility customers have surged by 72% to 127% over the past 10 years. About 2.5 million households in California are behind on their bills, averaging $733 in arrears.

According to the Energy Information Administration, California has the second highest average retail price for electricity at $.22 per kilowatt hour.

Fuel prices in California are the highest in the nation at an average $4.58 a gallon, while the national average is $3.14.

California...