PG&E; to Power Marriott Unit for $100 Million

PG&E; Energy Services said it signed a contract to sell about $100 million worth of power to a unit of Marriott International Inc., the largest U.S. hotel operator, during the next five years. The electricity will be used by about 130 Marriott hotels, resorts, food distribution centers and senior-living communities throughout California. Marriott, through its Marketplace procurement arm, will also make some of the power available to customers for whom it buys large quantities of supplies and services at a discount. PG&E; Energy Services, a retail unit of PG&E; Corp. of San Francisco, will also help Bethesda, Md.-based Marriott cut energy costs at its California buildings through such measures as installation of new heating, lighting and air-conditioning systems. PG&E; said it identified energy-saving projects that will cost about $65 million. PG&E; shares fell 63 cents to close at $32.88 on the NYSE.