Monday, June 27, 2005

PG&E meets renewable energy goal

Link Here
June 24, 2005

Pacific Gas and Electric Co. said Friday that it has met its renewable energy goal for the year with a contract for up to 75 megawatts of wind energy in Solano County.
The contract, with PPM Energy's Shiloh Wind Project LLC, would supply enough power to serve more than 50,000 customers, Fong Wan, vice president of power contracts and electric resources development, said in a statement.

With the agreement, PG&E said that it has met its annual goal of increasing its renewable purchases by a minimum of 1 percent of retail load.

Under California's Renewables Portfolio Standards Program, each investor-owned utility is required to increase its procurement of eligible renewable generating resources by 1 percent of load per year to achieve a 20 percent renewables goal.

Pacific Gas and Electric Co. is a unit of PG&E Corp. (NYSE: PCG) of San Francisco and one of the major energy suppliers in Greater Sacramento.

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