Skip Navigation to main content U.S. Department of Energy Energy Efficiency and Renewable Energy
Green Power Network
About the GPNGreen Power MarketsBuying Green PowerOnsite Renewable EnergyCommunity Renewable EnergyInformation ResourcesFinancial OpportunitiesHome

NREL Highlights 2015 Utility Green Power Leaders

May 2016

More News More News

Subscribe to E-Mail Update Subscribe to e-mail update


Free Webinar - How Universities Can Expand Solar in their Communities: Lessons from Utah’s and Oregon’s Community Bulk PV Purchasing Programs

August 24, 2016
3–4 p.m. ET

Previous Webinars More News

Green Power Market Status Report (2015 Data) Featured Green Power Reports

News Archive

Subscribe to Green Power News

PG&E Sells Geothermal Plants

December 1998 - Pacific Gas and Electric Co. (PG&E) has auctioned the geothermal power plants that it owns and operates in the Geysers resource area of Northern California PG&E owns plants in Lake County and Sonoma County. Under California's electricity restructuring law, proceeds from the power plant sales will be used to pay down the utility's stranded costs. Buyers of utility-owned plants must also contract with the utility to operate and maintain the facilities for two years after the sale.

On November 24, PG&E announced that FPL Energy, Inc. was the winning bidder for the geothermal plants FPL Energy currently owns and operates 108 MW (net) of geothermal capacity in California and Nevada. However, under existing contracts with PG&E, the geothermal steam suppliers have the right of first refusal to match the winning bid. On December 1, Calpine Corporation announced that it had exercised its right to purchase the Lake County plants, totaling 150 MW, by matching the winning bid of $73.8 million. Calpine and another steam owner, Unocal Corporation, have 90 days to execute their right to purchase the Sonoma County plants as well.

News Release - Calpine Exercises Right of First Refusal to Acquire PG&E's Lake County Geothermal Power Plants

News Release - FPL Group Announces Acquisition of Geothermal Assets in California - No longer online at

PG&E Contact: News Department, (415) 973-5930

Printable Version

Skip footer navigation to end of page.