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California Power - Bond Offering The state of California is spending vast amounts of money to buy electricity. It has already shelled out more than 2-billion-dollars for scarce power on the volatile spot market. And now the state is preparing to borrow a record $10 billion to secure a reliable supply of electricity for the long-term. Scott Horsley of member station KPBS reports.

California Power - Bond Offering

Heard on All Things Considered

California Power - Bond Offering

Audio will be available later today.

The state of California is spending vast amounts of money to buy electricity. It has already shelled out more than 2-billion-dollars for scarce power on the volatile spot market. And now the state is preparing to borrow a record $10 billion to secure a reliable supply of electricity for the long-term. Scott Horsley of member station KPBS reports.