California Power Agency Looks to Conservation and Renewable Energy

Investment plan proposes to finance a total of 3,500 megawatts of "clean" power to strengthen reserves by 2006.

Published: 15-Feb-2002

SACRAMENTO, Calif, Feb 14 (Reuters) - Renewable energy like solar power and wind and more energy conservation will help California beef up its electricity supplies to avoid another power crisis, the state's new power agency said on Thursday.

The six-month old California Consumer Power and Conservation Financing Authority -- commonly known as the California Power Authority -- issued its investment plan, proposing to finance a total of 3,500 megawatts of "clean" power to strengthen reserves by 2006.

That would be the equivalent of more than three big nuclear power plants, or enough electricity for about 3.5 million homes.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

READER COMMENTS

blog comments powered by Disqus