200-300 is NOT uncommon for a quality power supply. In fact, the PSU is VERY important, and is likely to cost the same as one of your video cards.
Seasonic 1250 has really good reviews regarding power draw, and will support your GPUs.
However... I'm currently working on a project that may reduce the cost of powering the GPUs to about $50 per 1000.
so Stay tuned...