August 15, 2008 |
Pacific Gas and Electric Co. has signed contracts to buy enough solar energy to power 239,000 homes a year. The utility said Thursday that it would buy 800 megawatts of renewable energy from subsidiaries of Hayward-based OptiSolar Inc. and San Jose-based SunPower Corp. The electricity will come from two large-scale solar projects to be built in San Luis Obispo County on the Central California coast. OptiSolar's 550-megawatt Topaz Solar Farm project is expected to begin delivering power in 2011.
CALIFORNIA | LOCAL
January 6, 2008 |
After three years of work, an array of interest groups are poised to determine the future of more than 140,000 acres of some of California's most ecologically rich and endangered watershed lands, among the largest swaths to be preserved in decades. At stake are lands owned by Pacific Gas & Electric Co.
December 28, 2007 |
Pacific Gas & Electric Co., California's largest utility, said Thursday that it might lower rates by $105 million next year because forward-market prices for natural gas and electricity had dropped "considerably." The company, a unit of San Francisco-based PG&E Corp., had said it was considering a rate increase of $362 million to compensate for higher costs from purchasing wholesale power. Pacific Gas & Electric's residential customers can now expect a rate decrease of about 0.
December 22, 2007 |
PG&E Corp., owner of Pacific Gas & Electric Co., said Friday that 2009 earnings would lag behind analyst estimates as capital spending increases and cost-cutting efforts miss forecasts. Per-share earnings, which may exclude such items as legal settlements, will be $3.15 to $3.25, the San Francisco company said in a regulatory filing. PG&E had been expected to earn $3.35 a share, based on the average of nine analyst estimates compiled by Bloomberg.
December 19, 2007 |
Pacific Gas & Electric Co. went surfing Tuesday, becoming the first U.S. utility to commit to buying electricity generated by the tumult of the sea. The San Francisco-based company, which this year proposed a test facility for producing power from ocean waves, said the electricity in its new contract would come from a wave project planned by Canada's Finavera Renewables Inc. for the waters off the coast of Northern California's Humboldt County. The PG&E Corp.
December 13, 2007 |
Pacific Gas & Electric Co. blasted state officials Wednesday for renegotiating a major electricity contract signed during the energy crisis, contending that the new terms would boost costs for consumers by hundreds of millions of dollars. The power supply contract, one of many deals the state struck to secure energy during the 2000-01 market meltdown, was signed by the California Department of Water Resources. It called for San Jose-based Calpine Corp.
October 4, 2007 |
Pacific Gas & Electric Co. said it would give away 1 million energy-saving light bulbs this month in what it is calling the largest one-month promotion of compact fluorescent light bulbs. The bulbs cost more than standard incandescent light bulbs but use about 75% less energy and are said to last as much as 10 times longer. The utility said its giveaway could save 400,000 megawatt-hours of power use and prevent emission of 200,000 tons of greenhouse gases.
July 26, 2007 |
Pacific Gas & Electric, California's largest utility, will buy 553 megawatts of power from Israel's Solel Solar Systems Ltd., which is building what it said would be the world's largest solar-power plant. Solel's Mojave Solar Park will provide power equivalent to the electrical needs of 400,000 homes as PG&E seeks to reduce its reliance on carbon-based energy sources, the companies said. The $2-billion facility will be fully operational by 2011, Solel said.
June 29, 2007 |
Pacific Gas & Electric, California's largest utility, said it wanted to purchase credits from projects that would reduce the amount of greenhouse gases in the atmosphere to fight global warming. The San Francisco-based utility is searching for projects in the livestock manure management sector that will offset the equivalent of 250,000 tons of carbon dioxide, it said. It will also include other types of investments for forestry management.
June 20, 2007 |
Pacific Gas & Electric Co. said it would study the potential for using the tides in the San Francisco Bay to generate electricity. The San Francisco-based utility said that it would team up on the yearlong study with San Francisco and closely held Golden Gate Energy of Washington, which has a preliminary federal permit for tidal energy in the bay.