Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Edison, BrightSource Cancel California Solar Power Contract

Jan. 18 (Bloomberg) -- Edison International, the owner of California’s second-largest electric utility, and BrightSource Energy Inc. canceled a power purchase agreement for a 200-megwatt solar-thermal project.

Utility Southern California Edison and BrightSource “mutually terminated” the contract for the developer’s Rio Mesa 2 project near Blythe, California, Edison spokeswoman Vanessa McGrady said in an e-mail.

The California Public Utilities Commission denied the utility’s power purchase agreement for BrightSource’s adjacent Rio Mesa 1 project on Oct. 25, citing cost concerns. BrightSource, based in Oakland, California, asked the California Energy Commission to suspend indefinitely the permitting process for both projects on Jan. 16, according to a commission filing.

“We are focusing on other projects, including Palen, Hidden Hills and Sonoran West,” Keely Wachs, a BrightSource spokesman, said in an e-mail. Only one of those, Sonoran West near Blythe, has an approved contract to sell power. Rio Mesa “will continue to be an important part of our site portfolio for later projects,” Wachs said.

BrightSource announced plans for the Hidden Hills project in California’s Inyo County in 2011 and is still seeking permits. The site for Palen, near Deser Center, California, was purchased from Solar Trust of America LLC in a bankruptcy auction in June.

To contact the reporter on this story: Charles Siler in San Francisco at csiler@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.