Pacific Gas and Electric Co. (PG&E) says its 2011 solicitation for new supplies of renewable energy brought in more than 300 offers, a new record for the utility. PG&E's energy procurement staff is currently reviewing the offers in order to determine the most viable and cost-effective projects to meet customers' long-term clean energy needs.
Since 2002, PG&E has signed more than 110 contracts for about 10,000 MW of renewable power. The utility now expects to be able to meet California's renewableÂ portfolio standard, which requires all retail sellers of electricity to deliver 33% of their electricity by 2020 from eligible renewable resources. PG&E says it is on track to reach 20% this year.
After reviewing the 2011 offers, PG&E will submit executed contracts to the California Public Utilities Commission for review. The utility's goal is to reach this step by mid-year.