Utility Launches Clean Energy Incubator

April 15, 2004 [SolarAccess.com] California’s Pacific Gas and Electric Company (PG&E) emerged from Chapter 11 bankruptcy on April 12th, and as part of the company’s settlement agreement, it will establish and fund a non-profit corporation to encourage businesses involved in clean energy technologies. The so-called business “incubator” will be dedicated to supporting research and investment in clean energy technologies, primarily in the PG&E service territory. PG&E will provide US$15 million over five years and will work with the California Energy Commission to attract additional funding.

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