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"2010 is correct but committed doesn't always mean the solar companies ..."

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Pacific Gas & Electric… & Solar



No, PG&E didn’t *actually* change its name, but they did announce a major plan to build 500 MW of solar power of their very own. And while it’s true that, in this context, “Solar” falls under the “Electric” category, it’s kind of amazing to cheap levitra canada think that utility juggernauts like PG&E (as well as Southern California Edison and http://www.richcongress.com/canadian-pharmacy-viagra-generic Duke Energy and NRG Energy) - which were once fossil fuel behemoths – are now building solar power plants of their own.

The 500 megawatts will be broken up into projects ranging from 1 to 20 MW each, and PG&E (whose CEO, Peter Darbee, is pictured above) will sign contracts with smaller solar companies to do the actual building. That’s wonderful news for those solar companies, because their investments and funding are mostly drying up these days. The $1.4 billion that PG&E is planning on viagra en gel investing in this project could take care of www.pneumapaniagua.es that problem for the companies lucky enough to win contracts.

How is PG&E going to pay for it? Well, they will raise rates by about 1%, which means the average customer will see an increase of, on average, 32 cents. But it has also been pointed out that utilities stand to gain financially from the 30% tax credit that was offered for investments in solar technology last October. Why? Compared to utilities, startups have little income and pay little taxes – so there is little to gain from a tax cut. Utilities have tons of income, pay a lot in taxes, and as such can gain considerable by a 30% tax cut.

Utilities like PG&E also need to low cost alternatives to viagra have 20% of their portfolio be renewable by 2010; another reason to start building solar.

If the project gets approved by the www.nextstagecapital.com California Public Utilities Commission, it will be getting underway post haste. PG&E hopes the solar facilities will be operational by 2015, at which point they will be accounting for about 1.3% of the electricity the utility dishes out.

Like all green trends, let’s hope that what starts in Northern California spreads its way across the rest of the country speedily.

Via Earth2Tech, Greentech Media

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Comments (6)Add Comment
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20% by when?
written by Mark Bartosik, February 25, 2009
your said 2010 ? (like 10 months time). Maybe 2020?
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written by Yoni, February 26, 2009
@Mark,
Yeah, I thought 2010 was early, too but from Greentech Media:

"We see this as a fundamental strategy to assure ourselves that we meet the requirements of the state" that PG&E and other investor-owned utilities provide 20 percent of their power from renewable sources by 2010, he said.
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written by Steve, February 26, 2009
I live in Northern CA, and my electricity is already >20% from renewables. To be exact, according to the EPA at this website I am already getting 27.1% of my electricity from renwables. 17.7% from hydro, and 9.4% from a combination of others. (Just type in my zipcode, 94112, on that site and see for yourself.)
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written by Rob Chant, February 28, 2009
I get 100% of my energy from renewables! Which is nice...
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written by Mary Fisher, March 04, 2009
"I get 100% of my energy from renewables! Which is nice... "

Details would be good. You can mail me.

Mary
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written by Joanne, March 04, 2009
2010 is correct but committed doesn't always mean the solar companies can be up and running (producing electricity) in their planned timelines (especially with the try it levitra professional 100 mg capital situation).

20% RPS in California does not include large hydro, which is often counted in calculations in other regions, and possibly by the EPA on that website. If you count large hydro then PG&E already has more than 20% (could explain the number from the zip code).

Hope that helps! :)

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