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SAN FRANCISCO, Nov. 21 /PRNewswire-FirstCall/ -- Pacific Gas and Electric
Company (PG&E) announced today it has entered into a long-term agreement with
Hatchet Ridge Wind, LLC, a subsidiary of Babcock & Brown, to purchase up to
103 megawatts (MW) of renewable wind energy. The project will generate up to
303 gigawatt-hours of renewable energy annually. This would be equivalent to
the amount of energy needed to serve nearly 44,000 residential homes on an
annual basis.
"This wind energy project will provide our northern and central California
customers with clean, emission-free power," said Fong Wan, senior vice
president of energy procurement for PG&E. "Our agreement with Hatchet Ridge
Wind is another important step to increasing our diverse renewable energy
portfolio."
The Hatchet Ridge Wind project will be located on a portion of Hatchet
Mountain in Burney, Calif. Deliveries are expected to begin by December 31,
2009.
"We look forward to working together with PG&E to create a new, homegrown
and sustainable source of carbon-free energy in Northern California," said
Hunter Armistead, head of Babcock & Brown's North American Renewable Energy
Group.
Since 2002, PG&E has entered into contracts for more than 24 percent of
its future deliveries from renewable sources. On average, more than 50
percent of the energy PG&E delivers to its customers comes from generating
sources that emit no carbon dioxide, making the company's energy among the
cleanest in the nation.
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation
(NYSE: PCG), is one of the largest combined natural gas and electric utilities
in the United States. Based in San Francisco, with 20,000 employees, the
company delivers some of the nation's cleanest energy to 15 million people in
northern and central California. For more information, visit
http://www.pge.com.
SOURCE PG&E
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