Pacific Gas and Electric ("PG&E") Issues Its 2009 Renewable Portfolio Standard Solicitation


On June 29, 2009, PG&E issued its 2009 Renewables Portfolio Standard ("RPS") Solicitation ("Solicitation") for procurement of an additional 1-2% (800-1600 GWh per year) of its customers' electricity needs from eligible renewable energy resources ("ERRs"). The optimal offers from Solicitation participants ("Participants") will be those with the best combination of market value, viability, and contribution to the criteria specified in the Solicitation. To participate in PG&E’s Solicitation, the Participant’s project must employ one or more ERRs as a generation source.

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