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PCG PG&E Corp

16.042
-0.714 (-4.26%)
20:49:00 - Realtime Data
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
  -0.714 -4.26% 16.042 15.886 15.956 17.07 16.04 17.07 670 20:49:00

PG&E Increases Renewable Portfolio With Horizon Wind Energy

01/07/2008 5:00pm

PR Newswire (US)


PG&E (TG:PCG)
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Utility Adds 102.9 Megawatts of Clean, Renewable Energy to Its Diversified Power Mix SAN FRANCISCO, July 1 /PRNewswire/ -- Pacific Gas and Electric Company has increased its portfolio of renewables with the signing of a long-term agreement to purchase wind energy from the Arlington Wind Power Project, LLC, a subsidiary of Horizon Wind Energy, LLC. Horizon will deliver 240 gigawatt hours of renewable wind energy annually to PG&E's customers throughout northern and central California. "Clean wind power is an integral part of our diverse renewable energy portfolio, which includes hydroelectric, geothermal, solar, wave and biomass resources," said Fong Wan, vice president of Energy Procurement for PG&E. "Renewable resources continue to play a critical role in our commitment to provide our customers with reliable, clean, environmentally preferred energy." Located in Gilliam County, Oregon, the Rattlesnake Road Wind Power Project is currently under construction and is expected to begin operation in the first quarter of 2009. With this agreement, PG&E now has more than 1,213 megawatts (MW) of renewable wind energy under contract or delivered. "We are excited to be working with PG&E, one of the largest natural gas and electric utilities in the United States," said Antonio Coutinho, chief energy management officer for Horizon Wind Energy. "We would like to thank the landowners, community, and other stakeholders who have worked diligently with us during the development and construction of the Rattlesnake Road Wind Farm." The contract filed today with the California Public Utilities Commission is part of PG&E's broader renewable energy portfolio. Since 2002, PG&E has entered into contracts for more than 2,700 MW of renewable power and has contractual commitments for more than 20 percent of its future deliveries from renewables. On average, more than 50 percent of the energy PG&E delivers to its customers comes from generating sources that emit no carbon dioxide, making the company's energy among the cleanest in the nation. Pacific Gas and Electric Company, a subsidiary of PG&E Corporation, is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with 20,000 employees, the company delivers some of the nation's cleanest energy to 15 million people in northern and central California. For more information, visit http://www.pge.com/. DATASOURCE: Pacific Gas and Electric Company CONTACT: PG&E News Department, +1-415-973-5930 Web site: http://www.pge.com/

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