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PCG PG&E Corp

17.304
-0.120001 (-0.69%)
22 May 2024 - Closed
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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
  -0.120001 -0.69% 17.304 17.24 17.386 17.526 17.44 17.526 134 22:50:18

Calif Regulators Approve $350 Million For Utility Power Conservation

20/08/2009 10:08pm

Dow Jones News


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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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