Calpine to Sell Electricity to PG
From Bloomberg News
Calpine Corp., a major producer of geothermal power, signed contracts to supply 110 megawatts of electricity for five years to PG&E; Corp.’s Pacific Gas & Electric Co.
The power plant developer said the contract with the state’s largest utility will generate about $40 million of annual revenue and help the company increase the amount of power sales under long-term contract.
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