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AISO Approves SAN FRANCISCO--(BUSINESS WIRE)-- Quote Lookup

G&E Oakland Pacific Gas and Electric Company (PG&E) won approval Thursday
from the California Independent System Operator (CAISO) to provide Recently Viewed
lean Energy a clean alternative to a decades-old fossil-fuel power plant in Symbol Last Price Change % Ch

nitiative Oakland.
PCG 42.81 -0.27 -0.6
PG&E Corporation
PG&E’s Oakland Clean Energy Initiative (OCEI) will provide a green
Business Wire March 23, 2018 X 35.09 +1.15 +3.3
and innovative option that uses local clean-energy resources, United States Steel Corporation
including energy storage, energy efficiency and electric-system
S 4.99 +0.07 +1.4
upgrades, to ensure transmission grid reliability in Oakland when the Sprint Corporation
current power plant at 50 Martin Luther King Jr. Way is retired.
FB 155.85 -3.54 -2.2
Facebook, Inc.
PG&E will open a two-month request-for-offers process this spring to
EEM 48.23 +1.34 +2.8
invite providers of distributed energy resources to propose innovative iShares MSCI Emerging Markets ETF
and competitive solutions for the portfolio.
RGR 48.45 -0.95 -1.9
Sturm, Ruger & Company, Inc.
Roy Kuga, vice president of Grid Integration and Innovation for
PG&E, thanked the system operator’s staff for its hard work reviewing XLP 51.48 +0.62 +1.2
Consumer Staples Select Sector SPDR ETF
PG&E’s proposal.
MNKD 2.55 +0.04 +1.3
MannKind Corporation
“The Oakland Clean Energy Initiative represents an innovative,
tailored portfolio of distributed clean energy resources combined with XLV 80.92 +1.25 +1.5
Health Care Select Sector SPDR ETF
traditional transmission substation upgrades that meet the local
reliability needs in this area of Oakland, enabling the retirement of the HYG 85.34 +0.42 +0.4
iShares iBoxx $ High Yield Corp Bd ETF
aging, jet fuel-powered plant,” Kuga said.
VGK 57.94 +1.02 +1.8
Vanguard FTSE Europe ETF
The system operator has a Reliability Must Run contract with the
existing plant’s owner, Dynegy, to purchase power during peak XOM 73.67 +0.78 +1.0
Exxon Mobil Corporation
periods. In spring 2017, the system operator identified the 40-year-old
plant’s eventual retirement as a risk to local transmission reliability, GIS 45.15 +0.94 +2.1
General Mills, Inc.
and said it would consider alternatives including new transmission
BABA 188.90 +7.70 +4.2
lines through heavily populated areas of Oakland, a new fossil-fuel Alibaba Group Holding Limited
plant or a portfolio of local clean resources.
TSLA 299.09 -2.45 -0.8
Tesla, Inc.
PG&E and the system operator worked collaboratively over the last
several transmission-planning cycles to study how distributed clean
energy resources could become part of the solution, Kuga said.

The system operator determined in its transmission plan that the

OCEI would be a clean and affordable option to new transmission or
a new fossil-fuel facility.

With the system operator’s decision, PG&E will move forward to

upgrade existing substations and develop new clean-energy
resources in Oakland to provide an alternative to the generating
facility.

The OCEI would mark the first time that local clean-energy resources
are proactively deployed as an alternative to fossil-fuel generation for
transmission reliability in PG&E’s service area.

PG&E will continue to collaborate with community choice aggregator

East Bay Community Energy to determine and meet the clean-energy
What to Read Next
and reliability needs of local customers.

Depending on the exact resource mix, the market solicitation is

expected to result in 20 to 45 megawatts of clean energy resources.

PG&E invited multiple stakeholders to weigh in on the proposal,

including the city of Oakland; the International Brotherhood of Electric
Workers Local 1245; the Port of Oakland; environmental groups such
as the Environmental Defense Fund, the West Oakland
NFL Draft order: Picks for all 7 rounds in 201
Environmental Indicators Project and the Natural Resources Defense Sporting News
Council; and businesses that neighbor the site.

“There has been widespread support for this solution from local
community representatives, environmentalists, elected officials and
other groups, with a focus on using local workforce,” Kuga said.

Anthony Brown, assistant business manager of IBEW 1245, said his

organization is pleased with the proposal.

“The working men and women of IBEW Local 1245 are proud Rocket Mortgage - A New Way To Refinance
Rocket Mortgage; NMLS# 3030 Sponsored
partners with PG&E in providing safe, affordable energy to the city of
Oakland, and all of Northern California. We are excited to see the
energy reliability solutions of the future, developed in the communities
where we work and live,” Brown said.

PG&E will seek cost recovery for the battery storage with the Federal
Energy Regulatory Commission, and for other distributed energy
resources with the California Public Utilities Commission. PG&E
expects to make its filing with the state commission by the end of
2018. The Oakland Clean Energy Initiative has a forecasted in- Oakland A's offer parking discounts to Giants
fans who yell 'Go A's!'
service date of mid-2022. Sporting News

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation

(PCG), is one of the largest combined natural gas and electric utilities
in the United States. Based in San Francisco, with more than 20,000
employees, the company delivers some of the nation’s cleanest
energy to nearly 16 million people in Northern and Central California.
For more information, visit www.pge.com/ and
U.S. gunmaker Remington files for bankruptc
www.pge.com/en/about/newsroom/index.page.
Reuters

View source version on businesswire.com:

https://www.businesswire.com/news/home/20180323005573/en/
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