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.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
58°