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IN BRIEF ENERGY

Calpine to Sell Electricity to PG&E

January 08, 2003|From Bloomberg News

Calpine Corp., a major producer of geothermal power, signed contracts to supply 110 megawatts of electricity for five years to PG&E Corp.'s Pacific Gas & Electric Co.

The power plant developer said the contract with the state's largest utility will generate about $40 million of annual revenue and help the company increase the amount of power sales under long-term contract.

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