Submitted by: Pacific Gas and Electric (PG&E)
Categories: Philanthropy & Corporate Contributions
Posted: Jun 16, 2000 – 12:00 AM EST
Jun. 16 /CSRwire/ - PG&E Corporation has committed $15,000 to the Bonneville Environmental Foundation (BEF) to promote development of new sources of renewable energy and restoration of damaged watersheds.
"PG&E Corporation is a long-time supporter of developing renewable energy resources, and we recognize the importance of restoring watersheds throughout the Pacific Northwest," said Sandra McDonough, Vice President, external Affairs for PG&E Corporation's National Energy Group - West Region.
"We have been a part of the Northwest community for over 40 years. We have customers here, and we have employees who live and work here. This donation to BEF is an outstanding way for us to support clear air and healthy watersheds while advancing the market for 'green' electric generation options."
BEF was founded in 1998 to generate revenue from the sale of environmentally endorsed "green power" to utilities and corporations. The Foundation uses the net revenues from these sales to fund new renewable energy resources and watershed restoration projects in the Pacific Northwest.
Working with BPA and other suppliers, and with supporting environmental groups, BEF has completed transactions involving the sale of some 23 average Megawatts (23,000 kilowatts) of green power since its inception in 1998. In its first 18 months, BEF has generated more than $2.5 million in net revenues available for such projects.
PG&E Corporation, with revenues of more than $20 billion and operations in 21 states, markets energy services and products throughout North America through its National Energy Group. The Corporation has ownership and management interests in more than 30 power plants and recently broke ground on an 11.5-megawatt merchant wind project in Madison, N.Y. It also owns and operates important facilities in the Pacific Northwest, including the 478-megawatt Hermiston Generating Plant and a 612-mile natural gas transmission pipeline, which traverses Oregon, Washington and Idaho.
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