Geothermal power purchase agreement terminated

Pacific Gas & Electric Corp. (NYSE: PCG) told California regulators April 25 that it was withdrawing a terminated geothermal-power contract from the their consideration.

According to The Wall Street Journal, Terra-Gen Power, a unit of Arclight Capital Partners LLC, had agreed to build a 53 MW geothermal power plant in Nevada and sell the power to PG&E under a 25-year power purchase agreement. The electricity was expected to be sold starting in 2013 when the plant is expected to be complete.

A PG&E spokeswoman confirmed in the article that the contract had been terminated.

Read more geothermal energy news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...