SOLAR PV POWER PLANT PRE-SELLS ITS OUTPUT

PG&E in solar deal with Sempra Generation
Nichola Groom (w/Gerald E. McCormick), July 27, 2009 (Reuters)

"California utility PG&E Corp…entered into a contract to buy 48 megawatts of photovoltaic solar power from a unit of Sempra Energy…

"The power will come from Sempra Generation's new Copper Mountain Solar facility outside of Las Vegas, which will be completed in 2011. Copper Mountain will produce 100 gigawatt-hours of electricity per year, or enough to power more than 14,000 homes…"

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"Copper Mountain will be built with solar panels made by…Arizona-based First Solar Inc…

"PG&E and other California utilities have been scrambling to lock in contracts for clean power to fulfill a state mandate that requires them to source 20 percent of their electricity from renewable sources by 2010."

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"Copper Mountain, located in Boulder City, Nevada, is an extension of an existing 10 MW Sempra solar plant… PG&E has agreed to buy all 58 MW of power produced by the facility.

"The project will create about 200 construction jobs…"