Pacific Gas and Electric Company (PCG) said it has contracted with Agua Caliente Solar, LLC, a subsidiary of NextLight Renewable Power, LLC, for 290 megawatts of solar power to serve PG&E's customers in Northern and Central California.
The agreement is one of several recently signed by the utility with independent developers for a total of 830 MW of solar power.
The Agua Caliente project will deliver about 700 gigawatt-hours of energy per year, enough to serve the needs of more than 100 thousand average homes. Initial deliveries are expected to begin in mid-2012, with the project becoming fully operational by late 2014.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.