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PG&E buys additional geothermal power from Calpine PDF Print E-mail
Written by Lake County News Reports   
Friday, 06 November 2009
SAN FRANCISCO – Pacific Gas and Electric Co. (PG&E) has announced an agreement with Geysers Power Co. LLC, a subsidiary of Calpine Corp., to increase and extend the utility's purchases of renewable geothermal power.


PG&E currently has two power purchase agreements with Geysers totaling about 375 megawatts (MW) per year, with enough renewable energy to meet the needs of more than 450,000 average homes.


Those agreements expire between the end of 2012 and the end of 2014.


The new deal, if approved by the California Public Utilities Commission, would extend the term for Geysers energy through 2021.


Total capacity is expected to increase about 50 MW to a total of 425 MW from 2010 through 2017, dropping to a total of about 250 MW from 2018 through 2021.


Fong Wan, senior vice president for energy procurement at PG&E, said the company is committed to making geothermal energy an important part of its growing renewables portfolio for many years to come.


PG&E officials said geothermal power is a particularly valuable renewable resource because it is highly dependable. Available around the clock, it is less affected by weather, seasons or other factors that create technical challenges for managing some other kinds of renewable power.


The Geysers steamfield runs across a portion of southern Lake County and into Sonoma County.


Follow Lake County News on Twitter at http://twitter.com/LakeCoNews and on Facebook at http://www.facebook.com/pages/Lake-County-News/143156775604?ref=mf .

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Comments (5)Add Comment
Long term contracts the key:
written by solincobb, November 06, 2009
Along with the continuation of long term contracts, comes economic stability, something we really need in LC.
solincobb - will long term contracts
written by Donna Christopher, November 06, 2009
mean my Special Districts bill will go down or at least stabilize?
Well...........
written by solincobb, November 06, 2009
Donna, I was just trying to be positive about something in the news, don't ask me to go to far out on a limb now.
No, don't want you out on a limb -
written by Donna Christopher, November 06, 2009
you have to watch out when doing that to make sure you weren't followed by someone with a sawsmilies/wink.gif
Donna
written by Smow, November 06, 2009
Touche'!!!smilies/smiley.gif

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Last Updated ( Friday, 06 November 2009 )
 
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