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Most expensive electric utility in Massachusetts: Town of Princeton
Credit: Bloomberg Businessweek | businessweek.com 22 July 2011 ~~
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Average retail price (cents/kWh) in 2009: 20.19
Number of customers: 1,421
Megawatt hours sold: 12,910
2009 residential revenue: $2,607,000
The Princeton Municipal Light Dept. purchased about 11 percent of its energy from various hydroelectric power plants throughout the region in fiscal 2010. The nonprofit corporation’s new wind farm, fully operational since January 2010, provided 36 percent of the town’s energy requirements last year. Massachusetts had the fifth-highest average retail price for electricity, at 16.87¢ per kilowatt hour in 2009, according to EIA data.
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