PG&E IS LOOKING FOR NEW ENERGY

Opportunity is knocking...

PG&E solicits new renewable energy contracts
March 13, 2007 (East Bay Business Times via Yahoo Finance)
- Pacific Gas and Electric Co…has issued a Request for Offers (RFO) to solicit renewable-energy supply on behalf of its 5 million electric customers.

- This marks the company's fifth renewable-energy solicitation under California's Renewable Portfolio Standard program, which mandates power providers deliver 20 percent of their power from renewable sources by 2010…the California Public Utilities Commission will measure actual power delivered rather than contracts signed.

- PG&E, owned by San Francisco-based PG&E Corp., currently gets 12 percent of its energy from qualifying renewable sources[solar, wind, biomass, geothermal, and small hydroelectric]…one of the highest volumes of any utility in the United States…In addition, more than 50 percent of the electricity that PG&E delivers to its customers comes from generating resources that emit no or low carbon dioxide…
- PG&E has scheduled a bidders' conference for April 3…offers are due on May 31…CPUC approval during the third and fourth quarters of 2007.