Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

PG&E Calls for Proposals from Local California Renewable Energy Developers for New Program

PCG

PG&E Calls for Proposals from Local California Renewable Energy Developers for New Program

Pacific Gas and Electric Company (PG&E) today announced a call for proposals for renewable energy developers to build projects for a new clean energy program available to customers.

Approximately half of U.S. households and businesses are unable to install private solar systems due to space limitations or insufficient sun exposure.1 Earlier this year, PG&E launched PG&E’s Solar Choice program to extend the option for solar power to customers regardless of their location or ability to physically install private solar systems. The program allows residential and business customers to enroll with PG&E to support the development of new solar projects located within Northern and Central California.

Today, PG&E customers have another clean energy option. The new Regional Renewable Choice program will expand renewable energy access by enabling customers to work directly with developers of new renewable projects. Through the program, customers will have the option to work with developers and subscribe to the output from a new renewable project equaling between 25 and 100 percent of their electricity use. Participating customers will pay the developers for the new energy directly, and receive a bill credit from PG&E on their monthly energy statement.

“The new Regional Renewable Choice program is part of our ongoing commitment to support the growth of solar and other renewable energy sources in California. Building on PG&E’s Solar Choice program launched earlier this year, this new program enables our customers to reduce greenhouse gas emissions from their electricity usage and allows them to directly be a part of California’s clean energy future. This is a win for our customers and for California,” said PG&E Vice President of Customer Energy Solutions Aaron Johnson.

PG&E has already connected more than 250,000 solar customers to the grid. Through its two new clean energy programs – PG&E’s Solar Choice and Regional Renewable Choice – the company aims to extend access to renewable energy to tens of thousands of additional homes and businesses in its service area.

PG&E is seeking proposals from local renewable energy developers across Northern and Central California to build small- and mid-sized renewable projects ranging from 0.5 to 20 megawatts for the Regional Renewable Choice program. The energy for these new projects can be from renewable resources including but not limited to solar, wind or biomass.

This program milestone offers renewable energy developers their first chance to submit proposals starting August 31, 2016 through noon Pacific Time on September 30, 2016. Developers will be chosen through a competitive bidding process and are expected to be chosen by December 2016. This request for proposals calls for a development target of 75 megawatts of renewable resources.

To submit a proposal, renewable energy developers can visit this website. In 2017, PG&E expects to issue two additional requests for offers for renewable energy developers, with the next solicitation occurring in spring 2017.

The Regional Renewable Choice program is Green-e® Energy Certified. Green-e Energy is the nation's leading independent consumer protection program for renewable energy, and sets environmental and consumer-protection standards established by the nonprofit Center for Resource Solutions.

1 National Renewable Energy Laboratory, Shared Solar: Current Landscape, Market Potential, and the Impact of Federal Securities Regulation, April 2015, http://www.nrel.gov/docs/fy15osti/63892.pdf.

About PG&E

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 more than 20,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.

http://www.pgecurrents.com/
http://www.facebook.com/pacificgasandelectric
https://twitter.com/pge4me
http://www.linkedin.com/company/pacific-gas-and-electric-company
http://www.youtube.com/user/pgevideo

Pacific Gas and Electric Company
Ari Vanrenen, 415-973-8115