Pacific Gas and
Electric Company Seeks to Expand Renewable Energy Resources for Its
Customers
Aug 4, 2005 - PR Newswire
SAN FRANCISCO, Aug. 4 /PRNewswire-FirstCall/ -- Pacific Gas and
Electric Company announced today it has issued a Request for Offers (RFO)
to solicit renewable energy on behalf of its five million electric
customers. This marks the company's third renewable energy solicitation
pursuant to the State of California Renewable Portfolio Standard (RPS)
program.
"PG&E is proud of its long history of developing, generating, and
purchasing clean, renewable sources of power," said Fong Wan, vice
president of power contracts and electric resources development. "We
look forward to receiving a broad range of competitive products from
prospective renewable energy suppliers to help further this tradition."
The utility currently supplies 31 percent of its customer load from
renewable resources -- 18 percent from its large hydroelectric
facilities and 13 percent from small hydro and other renewable resources
that qualify under California's RPS Program -- one of the highest
volumes of any utility in the United States. In total, roughly half of
PG&E's retail load is served from generating resources that have no CO2
emissions that contribute to global warming.
The renewable energy projects may be proposed in the form of power
purchase agreements from new generation sources owned and operated by
others or they may be in the form of new generation facilities
constructed for utility ownership.
PG&E issued its solicitation today. Binding bids are due by September
15 and the company has a goal to enter into contracts by the end of the
year. Parties interested in the RFO may obtain bid documents at PG&E's
RFO website
www.pge.com/renewablesrfo . Typical sources of renewable energy
include power generated from solar, wind, small hydroelectric,
geothermal, biomass, landfill gas, and various ocean technologies.
Since PG&E began its RPS Program, it has entered into 13 contracts
for 443 MW of renewable energy, enough power to serve more than 325,000
customers. California's RPS Program requires each utility to increase
its procurement of eligible renewable generating resources by 1% of load
per year, so PG&E anticipates additional renewable solicitations in
future years as well. The RPS Program was passed by the Legislature and
is managed by California's Public Utilities Commission and Energy
Commission.
For more information about Pacific Gas and Electric Company, please
visit the company's web site at www.pge.com
SOURCE Pacific Gas and Electric Company
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