PG&E Seeks to Increase Renewable Energy Resources for its Customers
Pacific Gas and Electric Company announced today that it has issued a Request for Offers
(RFO) to solicit renewable energy supply on behalf of its five million
electric customers. This marks the company's fifth renewable energy
solicitation pursuant to the State of California Renewable Portfolio
Standard (RPS) program.
"With the 2007 RPS solicitation, the company continues to seek
increased supplies of renewable energy," said Fong Wan, vice president of
energy procurement. "PG&E intends to sign contracts equaling 1-2% of its
demand in order to achieve a 20 percent renewable power goal by 2010."
The utility currently supplies 12 percent of its energy from qualifying
renewable sources under California's Renewable Portfolio Standard (RPS) -
one of the highest volumes of any utility in the United States. Renewables
sources in PG&E's portfolio include solar, wind, biomass, geothermal, and
small hydroelectric. 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, the primary contributor to global warming.
Similar to the 2006 solicitation, the renewable energy projects may be
proposed in the form of power purchase agreements from generation sources
owned and operated by others, or new generation facilities constructed for
utility ownership, or sites suitable for development of renewable energy
projects. PG&E will accept deliveries anywhere in California, thereby
potentially avoiding uneconomic transmission cost.
A bidders conference is scheduled for April 3 and offers are due on May
31. PG&E intends to enter into contracts and seek CPUC approval during the
third and fourth quarters of 2007. Parties interested in the RFO may obtain
solicitation documents by visiting http://www.pge.com/rfo
The 2007 RPS solicitation will be PG&E's fifth competitive solicitation
for renewable energy since 2002. Since then, the company has entered into
contracts for over 1000 MW of renewable power. California's RPS Program
requires each utility to increase its procurement of eligible renewable
generating resources by 1% of load per year, so PG&E anticipates additional
renewable solicitations in future years as well. The RPS Program was passed
by the California State Legislature in 2001 and is managed by California's
Public Utilities Commission and Energy Commission.
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