PG&E Invests in Solar

Lee, Michael
February 2009
Red Herring;2/24/2009, p4
Trade Publication
The article reports on plans by Pacific Gas and Electric (PG&E) to develop 500 megawatts of solar power over the next 5 years. Half of the solar power to be produced for the project would come from the company's own facilities. This is the company's first direct investment in renewable energy generation in more than a decade due to tax credits. According to PG&E representative Jonathan Marshall, utilities could not be compete with independent developers due to their access to federal tax credits.


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