California Public Utilities Commission Approves BrightSource Energy Contracts with PG&E
 

California Public Utilities Commission Approves BrightSource Energy Contracts with PG&E

All Seven PG&E Contracts Now Approved


(Oakland, CA) September 24, 2009– BrightSource Energy, Inc., a developer of large-scale solar thermal power plants, announced today that the California Public Utilities Commission (CPUC) approved the final five of its seven contracts with PG&E. Following the approval of the companies’ first two contracts with PG&E in August, the CPUC has now approved all 1,310 megawatts of contracts between BrightSource and PG&E.

John Woolard, BrightSource Energy’s President and CEO issued the following statement in response to the CPUC’s contracts approval:

“The CPUC’s approval of all of our PG&E contracts marks a key milestone as we progress towards constructing California’s first large-scale solar projects in decades. We’re thrilled by the opportunity to help California meet its renewable energy goals and to support leading utilities like PG&E in their efforts to bring customers more clean and reliable solar energy.”

About BrightSource Energy, Inc.
BrightSource Energy, Inc. provides clean, reliable and low cost solar energy for utility and industrial companies worldwide. The BrightSource Energy team combines nearly three decades of experience designing, building and operating the world’s largest solar energy plants with world-class project development capabilities. The company now has contracted to sell up to 2,600 megawatts of power to be generated using its proprietary solar thermal technology. BrightSource Energy’s solar plants lead the industry in environmental design and help customers reduce their dependence on fossil fuels. Headquartered in Oakland, Calif., BrightSource Energy is a privately held company with operations in the United States, Israel and Australia. To learn more about BrightSource Energy and solar thermal energy, visit www.brightsourceenergy.com.

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