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PCG PG&E Corp

16.738
0.00 (0.00%)
09:33:42 - 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
  0.00 0.00% 16.738 16.528 16.78 0.00 09:33:42

UPDATE: Calif Regulators OK $350 Million For Utility Pwr Conservation

21/08/2009 1:20am

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.

Southern California Edison's budget includes contracts with demand-response providers EnerNOC (ENOC) and Comverge Inc. (COMV) for a total of $38.8 million, according to the CPUC.

Comverge President Mike Picchi said Comverge has other demand-response contracts with PG&E and San Diego Gas & Electric that, together with the SoCal Edison contract, are worth about $75 million.

-By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; cassandra.sweet@dowjones.com

 
 

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