PG&E Seeks Approval for Geothermal

Pacific Gas and Electric Company (PG&E) announced today that it is seeking approval for a 175 megawatt (MW) geothermal power purchasing agreement (PPA) with Calpine Corporation. The agreement consolidates six existing qualifying facility agreements totaling 118 MW and adds 57 MW of new renewable energy to PG&E’s supply.

Starting in September 2008, the agreement will deliver energy from Calpine’s facility at The Geysers Geothermal Field in northern California — enough new energy to power 45,000 homes in northern and central California. Geothermal energy accounts for three percent of PG&E’s current overall energy mix.

“This agreement marks a major milestone toward meeting California’s renewable standard,” said Fong Wan, vice president of energy procurement at PG&E. “PG&E already provides our customers with some of the cleanest energy in the nation and we will continue to aggressively add more renewables to our portfolio.”