Pacific Gas and Electric Adds 105 MW More Renewable Energy

Pacific Gas and Electric (PG&E) has secured an additional 105 megawatts (MW) of clean, reliable renewable energy resources to help meet the future electricity needs of nearly 80,000 PG&E customers. The company submitted three long-term power purchase agreements (PPA) to the California Public Utilities Commission (CPUC) for regulatory review.

The three agreements result from PG&E’s 2005 Renewables Portfolio Standard (RPS) procurement solicitation and satisfy the company’s obligation to increase its procurement of eligible renewable generating resources by 1 percent of load per year to achieve a 20 percent renewables goal. PG&E anticipates further contract procurement stemming from the 2005 solicitation. “The addition of these renewable energy resources ensures that more than 30 percent of our northern and central California customers’ energy needs will come from alternative energy sources,” said Fong Wan, vice president of energy supply. In this upcoming 2006 renewable energy procurement solicitation, the company is seeking to procure an additional 1-2 percent of its customers’ electricity needs through renewable sources. PG&E anticipates issuing the solicitation in early June, with offers being due in late July. The 2006 RPS solicitation will be PG&E’s fourth competitive solicitation for renewable energy since 2002. Since then, it has entered into contracts for 563 MW of renewable power from wind, geothermal, biomass, and hydro resources, including three agreements just submitted to the CPUC. “In our upcoming solicitation, we look forward to building on our success,” said Fong Wan, “and continuing to add to a generating portfolio that already has one of the lowest rates of air emissions in the country.” PG&E currently supplies 30 percent of its customer load from alternative resources: 18 percent from its large hydroelectric facilities and 12 percent from smaller renewable resources that qualify under the RPS Program. In addition to the three PPAs, PG&E will soon be issuing its next Request for Offers (RFO) to solicit renewable energy on behalf of its 5 million electric customers.
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