News for Pacific Gas & Electric
Feb 15 · 6:03:00 PM · Source: Pacific Coast Business Times
Pacific Gas & Electric has unveiled crucial details about its proposed wave energy project off the coast of Vandenberg Air Force Base; a major step toward alternative electric power generation for the region.
PG&E said the project could be operational by 2014, generating as much as 100 megawatts of power and providing permanent non-fossil-fuel power for the base, one of the largest employers in Santa Barbara County.
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by Michael Oliveto
Feb 11 · 3:11:00 PM · Source: Renewable Energy Focus
Pacific Venture Capital, a subsidiary of PG&E, will provide $60 million in tax equity financing for the installation of 1000 solar power systems on residential and commercial buildings.
The investment will allow SolarCity to use its SolarLease® and power purchase agreement financing options where building owners adopt solar energy with no upfront investment.
In return for providing the upfront investment for the solar power systems, Pacific Venture Capital will receive lease revenues from SolarCity customers, along with the benefits of federal investment tax credits and local rebates for solar energy projects.
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by Michael Oliveto
Oct 29 · 10:46:00 AM · Source: Company News Release
PG&E today reported third quarter profit of $321 million, or 83 cents a share, up from $307 million, or 83 cents, a year earlier. On a non-GAAP basis, the company earned 93 cents a share compared with 83 cents. Revenue fell 12% to $3.23 billion.
Earnings beat analysts expectations.
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by Larry Etter
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