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Share Name | Share Symbol | Market | Type |
---|---|---|---|
PG&E Corp | TG:PCG | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.438 | 2.49% | 17.994 | 17.918 | 18.07 | 0.00 | 22:50:17 |
California regulators on Thursday gave the state's three largest utilities approval to spend a total of nearly $350 million on energy conservation measures called demand-response.
The California Public Utilities Commission voted to approve about $188.8 million for Edison International's (EIX) electric utility to spend on demand-response programs over the next three years, with approval for PG&E Corp.'s (PCG) utility to spend about $109 million and Sempra Energy's (SRE) electric utility to spend about $51.6 million.
Among the contracts included in the budgets are contracts that demand-response provider Comverge Inc. (COMV) has signed with each of the three utilities, which together are worth more than $75 million, said Comverge President Mike Picchi. Southern California Edison has two contracts with demand-response providers EnerNOC Inc. (ENOC) and Atlantic Energy Resources for a total of $38.8 million, according to the CPUC.
- By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; cassandra.sweet@dowjones.com
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