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Colocation - Need Suggestions for US West Coast

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I am thinking of colocating a server in the West Coast. But this is going to be for the first time for me and would like to avoid n00b mistakes! Following are the details:

Machine:
Dell R620
2xE5-2690
128 GB RAM
2x146 GB SAS
2x1TB HDD

Needs:
This is going to be the primary web server for serving a low latency web application.
Bandwidth: Capped at 20TB on 1Gbps port. A bit less or more is fine.
Power: Not sure. Would 1 Amp suffice for 2xE5? If not, I may have to go for 2 Amps @110V.

Budget: Max 150USD pm.

Questions:
What DCs would you recommend for colocation you seasoned hosting gurus?
Is redundant power supply good to have or not required?


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