LOS ANGELES - Joint power agencies "have had mixed success" in selling lower-cost wholesale power to retail customers, Moody's Investors Service says in a report released yesterday.

The Moody's survey of 25 joint power agencies says that I I agencies had higher average electric rates than competing investor-owned utilities, and higher rates compared with the state average. Fourteen agencies had lower rates than the competing utilities, and lower rates compared with the state average. Rates were measured by average revenue per kilowatt hour.

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