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Pacific Gas Electric Co

BUSINESS
July 26, 2007 | From Times Wire Services
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.
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BUSINESS
June 29, 2007 | From Times Wire Services
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.
BUSINESS
June 20, 2007 | From Times Wire Services
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.
BUSINESS
May 11, 2007 | From Times Wires Services
PG&E Corp., owner of California's largest utility, said first-quarter profit rose 20% on higher electricity rates. Net income rose to $256 million, or 71 cents a share, from $214 million, or 60 cents, a year earlier, the San Francisco-based company said. PG&E was expected to earn 62 cents, the average of analyst estimates compiled by Bloomberg.
BUSINESS
March 16, 2007 | From Times Wire Services
State utility regulators Thursday approved more sections of Southern California Edison Co.'s $1.8-billion Tehachapi renewable power transmission project as well as a 4.5% rate increase for Pacific Gas & Electric Co. The Edison project is designed to allow the flow of renewable power -- mainly from wind farms in the Tehachapi area northeast of Los Angeles -- and is key to the utility's push to increase the amount of renewable power delivered to its 4.7 million electricity customers.
BUSINESS
March 1, 2007 | From the Associated Press
Pacific Gas & Electric Co. plans to file a federal application to study a section of ocean off Humboldt Bay to produce electricity from the power of waves. The preliminary permit application to the Federal Energy Regulatory Commission is the first step in the possible development of the project.
BUSINESS
November 7, 2006 | From the Associated Press
The state's energy crisis of 2000-01 may be over, but lingering consumer frustration has contributed to a push by several cities in one Northern California county to abandon investor-owned Pacific Gas & Electric Co. California's failed experiment with energy deregulation, marked by blackouts and soaring utility rates, led PG&E and other utility giants to rack up billions of dollars in debt. Municipally owned utilities emerged relatively unscathed.
BUSINESS
October 13, 2006 | From Reuters
Pacific Gas & Electric Co. said Thursday that it would purchase natural gas derived from cow manure at California dairy farms to fuel power plants. The utility, a subsidiary of PG&E Corp., will buy the gas from Environmental Power Corp., a renewable energy developer based in Portsmouth, N.H. The gas will be generated by Environmental Power subsidiary Microgy Inc.
BUSINESS
July 21, 2006 | From Reuters
California regulators approved a plan by Pacific Gas & Electric Co. to equip its 9.3 million customers with "smart meters" that could help conserve power in peak demand periods. The high-tech equipment, to be added to existing meters over the next five years under a $1.7-billon plan, will enable Pacific Gas, a subsidiary of San Francisco-based PG&E Corp.
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