PG&E ups Geysers geothermal power purchase deal until 2021

Pacific Gas and Electric Company (PG&E) will increase and extend an existing geothermal power purchase agreement with Geysers Power, both companies say. The new deal is subject to approval by the California Public Utilities Commission.

30 October 2009 16:28 GMT Updated 26 September 2016 15:01 GMT

By Richard A. Kessler

PG&E currently has two power purchase agreements with Geysers totaling about 375 megawatts a year, enough renewable energy to meet the needs of more than 450,000 average homes.

Those agreements expire between the end of 2012 and the end of 2014. The new deal would extend the term for Geysers energy through 2021.

Total capacity is expected to increase about 50MW to a total of 425MW from 2010 through 2017, dropping to a total of about 250MW from 2018 through 2021.

Geothermal

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