“Renewable energy producers have been watching the PG&E bankruptcy process closely and continue to be encouraged that all parties involved—including the utility, its bondholders, and the Governor—remain committed to honoring PG&E’s long-term power purchase contracts that have helped California achieve its climate goals to date, while also ensuring that electricity is provided safely, reliably, and affordably.
“The language in PG&E’s reorganization plan that reiterates support for these contracts, which were reviewed and approved for their reasonableness by the California Public Utilities Commission, will maintain the confidence of the financial sector in California’s commitment to its renewable energy and climate change goals.
“Renewable generators look forward to working with a restructured PG&E and state leaders to stabilize markets, maintain affordability for ratepayers, and support investments in the transmission infrastructure and renewable energy that California will need to meet its long-term climate goals.”
- American Wind Energy Association California
- California Biomass Energy Alliance
- California Low Carbon Fuel and Energy Coalition
- California Wind Energy Association
- Center for Energy Efficiency and Renewable Technologies
- Geothermal Resources Council
- Independent Energy Producers Association
- Large-scale Solar Association
