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Geothermal Energy Systems Geothermal transfer heat to and from the earth to provide a more efficient, affordable and environmentally friendly method of heating and cooling. The three main parts consist of the heat-pump unit, the liquid heat-exchange medium, and the air-delivery system.


PG&E Buys Geothermal Power From Calpine Geysers Facility

Geothermal transfer heat to and from the earth to provide a more efficient, affordable and environmentally friendly method of heating and cooling. The three main parts consist of the heat-pump unit, the liquid heat-exchange medium, and the air-delivery system.


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Old 11-01-2009, 01:55 PM
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Default PG&E Buys Geothermal Power From Calpine Geysers Facility

SAN FRANCISCO -(Dow Jones)- PG&E Corp.'s (PCG) utility unit said Friday that it signed a contract with Calpine Corp. (CPN) to buy 425 megawatts of geothermal power from Calpine's Geysers facility in northern California.

The new contract, subject to approval by state regulators, will replace two existing contracts between Pacific Gas & Electric Co. and Calpine for 375 megawatts of geothermal power from the facility that expire in 2012 and 2014.

In addition to the 425-megawatt contract, Calpine said Friday that it renewed a separate geothermal power contract with PG&E for 250 megawatts.

PG&E and other California utiliites are required to use renewable sources for a third of the power they sell by 2020 under rules being developed as part of California's 2006 plan to combat climate change. Existing rules require the state's utilities to use renewables for a fifth of their retail power by the end next year.

Shares of PG&E recently traded 2 cents lower at $41.33, and Calpine shares were up 30 cents at $11.12.

-By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; cassandra.sweet@ dowjones.com

Order free Annual Report for PG&E Corporation

Visit http://djnewswires.ar.wilink.com/?link=PCG or call 1-888-301-0513
UPDATE:PG&E Buys Geothermal Power From Calpine Geysers Facility
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