PG&E's Customers, California to Benefit From CPUC Energy Efficiency Incentive Mechanism Decision
Posted on: Thursday, 20 September 2007, 21:00 CDT
SAN FRANCISCO, Sept. 20 /PRNewswire-FirstCall/ -- Pacific Gas and Electric today commended the California Public Utilities Commission (CPUC) for its decision to adopt an energy efficiency incentive mechanism for California's investor owned utilities. The policy, which provides a risk and reward incentive mechanism associated with energy savings goals, serves as an innovative approach to further extend California's leadership in energy efficiency and help to achieve the state's climate change goals.
"The CPUC's decision to create an energy efficiency risk-reward mechanism is yet another great example of California's policy makers' bold leadership in addressing the climate change challenge," said Bill Morrow, President and CEO of PG&E. "PG&E applauds the CPUC's vision and leadership in designing this pragmatic policy."
Today's decision will further advance California as the nation's leader in energy leadership. As California's highest-priority resource for meeting its energy needs in a clean, reliable, and low-cost manner, energy efficiency has helped keep the state's per capita energy use relatively flat over the past thirty years, according to the California Energy Commission's 2005 Integrated Energy Policy Report. At the same time, California's innovative energy efficiency policies have helped the state avoid the construction of 24 new power plants.
"By aligning California's investor owned utilities' financial incentives with the state's energy efficiency and climate change goals, the CPUC has sent a message that environmental leadership can also make good business sense," added Morrow. "We appreciate the opportunity to achieve these earnings and we look forward to working with the Commission on developing the technical protocols to effectively measure these savings for our customers."
The policy will also help PG&E extend its industry-leading energy efficiency programs, providing its customers with greater savings and helping the state achieve its climate change goals. Over the past three decades, PG&E's 85 distinct residential and commercial energy efficiency programs have helped its customers save more than 118 million megawatt-hours of electricity and 10.7 billion therms of natural gas. These joint efforts have resulted in enough saved electricty to power over 18 million homes and enough annual natural gas to heat 15 million homes, while preventing over 125 tons of carbon dioxide from entering the atmosphere.
For more information about Pacific Gas and Electric Company, please visit the
company's web site at http://www.pge.com/.
Pacific Gas and Electric
CONTACT: News Department, +1-415-973-5930
Web site: http://www.pgecorp.com/
Source: PRNewswire-FirstCall
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