A Hot Time for California Solar Power Plants: The California Public Utilities Commission (CPUC) voted unanimou...

A Hot Time for California Solar Power Plants

A Hot Time for California Solar Power Plants: The California Public Utilities Commission (CPUC) voted unanimou...

The California Public Utilities Commission (CPUC) voted unanimously on October 25 to approve revised power purchase agreements (PPAs) between BrightSource Energy (BSE) and Southern California Edison (SCE) (NYSE:EIX ) for electricity generated by one 250-megawatt unit of BSE’s proposed 500-megawatt Rio Mesa solar power tower project and one 250-megawatt unit of its proposed Sonoran West tower project. The CPUC also rejected three proposed BSE-SCE PPAs. The rate designated by the renegotiated PPAs for purchase of the power is confidential. "Edison negotiated hard on behalf of their customers," BSE Government Affairs VP Joe Desmond said, “and got a significant increase in value and decrease in cost.” The CPUC-approved PPAs lock in an estimated annual generation of 573 gigawatt-hours from each facility “for a term of twenty years with the option for SCE to extend the term to 2...

Full article: http://www.greentechmedia.com/articles/read/a-hot-time-fo...

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@nysolarpower » 31 Oct '12, 8am
A Hot Time for California Solar Power Plants : Greentech Media: BrightSource gets a split decision on tower PPAs... [link]
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The California Public Utilities Commission (CPUC) voted unanimously on October 25 to approve… [link]
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