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BrightSource, NextEra Get California Solar Approvals

California regulators approved renewable power contracts totaling more than 400 megawatts for utilities PG&E Corp. and Edison International to help to meet state energy goals.

PG&E, owner of the state’s largest utility, won the California Public Utilities Commission’s permission today to buy electricity from a 250-megawatt solar plant being developed by a unit of NextEra Energy Inc., the largest U.S. producer of wind and solar power. The cost of the Riverside County, California, plant and the value of the contract weren’t disclosed.