Pacific Gas and Electric Company to Purchase Renewable Energy to Meet Customers' Needs
Posted on: Monday, 25 July 2005, 18:01 CDT
SAN FRANCISCO, July 25 /PRNewswire-FirstCall/ -- Pacific Gas and Electric Company announced today it expects to issue a Request for Offers (RFO) on August 4th, to solicit renewable energy on behalf of its electric customers. This marks the company's third renewable energy solicitation pursuant to the State of California Renewable Portfolio Standard (RPS) program.
PG&E has a long history of developing, generating, and purchasing clean, renewable sources of power. The utility currently supplies 31 percent of its customer load from renewable resources-18 percent from its large hydroelectric facilities and 13 percent from small hydro and other renewable resources that qualify under California's RPS Program -- one of the highest volumes of any utility in the United States. In total, roughly half of PG&E's retail load is served from generating resources that have no CO2 emissions that contribute to global warming.
PG&E expects to issue its solicitation on August 4th with the goal of entering into contracts by the end of the year. At that time, interested parties may obtain bid documents at PG&E's RFO website http://www.pge.com/renewablesrfo . Details about the solicitation process will be available on the website. PG&E looks forward to receiving a broad range of competitive products from prospective renewable energy suppliers. Typical sources of renewable energy include power generated from solar, wind, small hydroelectric, geothermal, biomass, landfill gas, and various ocean technologies.
Since PG&E began its RPS Program, it has entered into 13 contracts for 443 MW of renewable energy, enough power to serve more than 325,000 customers. California's RPS Program requires each utility to increase its procurement of eligible renewable generating resources by 1% of load per year, so PG&E anticipates additional renewable solicitations in future years as well. The RPS Program was passed by the Legislature and is managed by California's Public Utilities Commission and Energy Commission.
Pacific Gas and Electric Company
CONTACT: PG&E News Department, +1-415-973-5930
Web site: http://www.pge.com/
Source: PRNewswire-FirstCall
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