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PG&E Adds More Renewable Wind Energy to Its Power Mix Utility Signs Third Major Wind Contract This Year

Release Date: November 21, 2008
Contact: PG&E External Communications (415) 973-5930

Pacific Gas and Electric Company (PG&E) announced today it has entered into a long-term agreement with Hatchet Ridge Wind, LLC, a subsidiary of Babcock & Brown, to purchase up to 103 megawatts (MW) of renewable wind energy. The project will generate up to 303 gigawatt-hours of renewable energy annually. This would be equivalent to the amount of energy needed to serve nearly 44,000 residential homes on an annual basis.

“This wind energy project will provide our northern and central California customers with clean, emission-free power,” said Fong Wan, senior vice president of energy procurement for PG&E. “Our agreement with Hatchet Ridge Wind is another important step to increasing our diverse renewable energy portfolio.”

The Hatchet Ridge Wind project will be located on a portion of Hatchet Mountain in Burney, Calif. Deliveries are expected to begin by December 31, 2009.

“We look forward to working together with PG&E to create a new, homegrown and sustainable source of carbon-free energy in Northern California,” said Hunter Armistead, head of Babcock & Brown’s North American Renewable Energy Group.

Since 2002, PG&E has entered into contracts for more than 24 percent of its future deliveries from renewable sources. On average, more than 50 percent of the energy PG&E delivers to its customers comes from generating sources that emit no carbon dioxide, making the company’s energy among the cleanest in the nation.

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with 20,000 employees, the company delivers some of the nation’s cleanest energy to 15 million people in northern and central California. For more information, visit www.pge.com.

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