PG&E Cancels California Solar Power Contracts With BrightSource
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PG&E Corp., California’s largest utility, canceled plans to buy power from two of BrightSource Energy Inc.’s planned 250-megawatt solar-thermal plants, the same day that BrightSource asked regulators to suspended permitting for the $2.7 billion project.
Pacific Gas & Electric Co. and BrightSource “mutually agreed to terminate” the contracts relating to the Hidden Hills project because of “uncertainty around the timing of transmission upgrades,” Keely Wachs, a spokesman for Oakland, California-based BrightSource said today by e-mail.