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Western GeoPower Cancels PPA with PG&E
February 13, 2008
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Vancouver, Canada [RenewableEnergyAccess.com] Western GeoPower Corp. has announced that it has exercised its right to terminate the Power Purchase Agreement (PPA) dated May 9, 2007 between its wholly-owned subsidiary Western GeoPower, Inc. and Pacific Gas & Electric Company (PG&E). The PPA was for the supply of electricity from the proposed Western GeoPower Unit 1 at The Geysers Geothermal Field in California.
"The termination of the Power Purchase Agreement will not affect the projected start of commercial operations in early 2010 for the Western GeoPower Unit 1 power plant."
-- Kenneth MacLeod, President and CEO, Western GeoPower 
According to Western, the PPA was terminaed because California Public Utilities Commission approval was not received within the time-frame stipulated in the PPA. The Geysers Geothermal Field, located 75 miles north of San Francisco, California, is the largest producer of geothermal electricity in the world.
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