SDG&E Adds Geothermal Energy From Northern California
March 31 2010 - 11:44AM
Marketwired
San Diego Gas & Electric (SDG&E) today announced that it
has signed a four-year power-purchase agreement with Calpine Energy
Services, L.P., a subsidiary of Calpine Corporation (NYSE: CPN), to
procure 25 megawatts (MW) of geothermal energy from the Calpine
Geysers facility in Northern California.
The Geysers facility is a complex of 15 geothermal power plants,
drawing steam from more than 330 wells, located in the Mayacamas
Mountains, approximately 70 miles north of San Francisco. The
Geysers is the largest geothermal power producing site in the
world, with Calpine owning 725 MW of active installed capacity.
Under the agreement, which runs through 2014, the geothermal
facility will produce enough "green" power for more than 15,000
households and will contribute more than 200 gigawatt-hours per
year of renewable energy toward SDG&E's Renewable Portfolio
Standard procurement goal.
"SDG&E is committed to developing new sources of green
energy for our customers and to meeting the state's aggressive
renewable goals," said Matt Burkhart, vice president of electric
& fuel procurement for SDG&E. "This geothermal agreement
will increase SDG&E's portfolio of clean power resources to
approximately 14 percent in 2010."
"We are pleased to extend our relationship with SDG&E
through this contract," said Alex Makler, vice president, strategic
origination, for Calpine Energy Services. "This is another example
of how we can help our customers meet their needs for clean,
renewable power by providing them with reliable base load
geothermal generation from our plants at The Geysers."
SDG&E's renewable electric supply has grown to more than 14
percent in 2010 from less than 1 percent in 2001 and will reach the
20-percent state mandate by the end of this year with flexible
compliance.
About SDG&E
SDG&E is a regulated public utility that provides safe and
reliable energy service to 3.4 million consumers through 1.4
million electric meters and more than 840,000 natural gas meters in
San Diego and southern Orange counties. The utility's area spans
4,100 square miles. Exceptional customer service is a priority of
SDG&E as it seeks to enhance the region's quality of life.
SDG&E is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune
500 energy services holding company based in San Diego.
About Calpine
Calpine Corporation is helping meet the needs of an economy that
demands more and cleaner sources of electricity. Founded in 1984,
Calpine is a major U.S. power company, currently capable of
delivering nearly 25,000 megawatts of clean, cost-effective,
reliable and fuel-efficient electricity to customers and
communities in 16 states in the United States and Canada. Calpine
owns, leases, and operates low-carbon, natural gas-fired, and
renewable geothermal power plants. Using advanced technologies,
Calpine generates electricity in a reliable and environmentally
responsible manner for the customers and communities it serves.
Media Contacts: Jennifer Briscoe San Diego Gas & Electric
(877) 866-2066 www.sdge.com Norma F. Dunn Calpine Corporation (713)
830-8883 www.calpine.com
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