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Nevada Irrigation District agrees to continue selling power to PG&E; Important Public hearing on Newtown Canal Project Nov. 18

Posted by: Aqua Blog Maven on November 18, 2009 at 7:57 am

From YubaNet.com:

“With its current power purchase agreement on the Combie South Powerhouse due to expire in December, Nevada Irrigation District’s board recently approved a new contract to renew selling commercial power to Pacific Gas & Electric (PG&E). Incorporated in California in 1905, PG&E is one of the largest combination natural gas and electric utilities in the United States.

Based on a recommendation by the district’s Water & Hydroelectric Operations (WHO) Committee, NID’s board unanimously agreed to a new 10-year contract with PG&E. “We currently receive 6-7 cents per kilowatt hour,” advised Operations Manager Don Wight. “But if we look at the feed in the schedule under the new contract, it starts at 10 cents and ends up increasing to 13 cents. This is a pre-approved contract with the PUC and it’s available for small generators. Combie South just makes it under the small generator contract,” Wight added.

District counsel Jeff Meith supported the contract, stating that since the market price for selling power fluctuates almost daily, entering into a contract with PG&E minimizes the risk of working with private power marketers. “When we have a guaranteed contract, we take less risk,” Meith said. … “

Read more from YubaNet.com by clicking here.

November 18, 2009 · Filed Under Lake Tahoe & the Sierra's

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