SAN FRANCISCO, June 16, 2005 (PRNewswire-FirstCall) — Pacific Gas and Electric Company announced it has received a robust response from market participants to provide long-term electricity supplies for its 5 million northern and central California electric customers.
PG&E issued an updated Request for Offers (RFO) for long-term electric supply in March with a submission deadline for initial offers on April 27, 2005. The RFO solicited offers for both long-term contracts and utility ownership of plants.
The company seeks to add approximately 2,200 megawatts of generation facilities within its service area between 2008 and 2010. In addition, PG&E seeks to replace the 135 megawatt fossil-fueled generation from its Humboldt Bay Power Plant (HBPP) in Eureka, California.
PG&E will be reviewing the offers and working to conclude discussions with those entities that have submitted bids by the end of the year. Signed contracts will then be submitted to the California Public Utilities Commission for approval.
For more information about Pacific Gas and Electric Company, please visit the company’s web site at www.pge.com.