PG&E DOES RENEWABLES

No solar? No wind?

California Regulators Approve 4 Renewable Energy Deals With PG&E to Generate Two More Megawatts
March 19, 2007 (AP via Yahoo Finance)

WHO
Pacific Gas and Electric Co.

WHAT
California regulators approved four new contracts to increase the state's energy supply by two megawatts using renewable power. Three renewable projects include two hydroelectric, a biogas and a combined heat and power generator to generate more than one megawatt. The cogeneration facility will add another megawatt.

WHEN
Announced Monday, March 19

WHERE
California

WHY
A megawatt can generate enough power to provide electricity to 1,000 homes.

QUOTES
Shares of PG&E rose 45 cents to $46.75 in aftermarket trading after gaining 29 cents to close at $46.30 on the New York Stock Exchange.