In a first-of-a-kind agreement, PG&E and CAISO will seek over the next five years to contract for enough DERs to replace an aging power plant in Oakland, Calif., without building new transmission lines that would otherwise be needed to keep the entire state’s grid running reliably.
PG&E hasn’t put a dollar value on the project, or how much it intends to pay for the DERs it will procure, since it’s hoping to receive a range of competitive bids. But several speakers at Wednesday’s event, including California State Assemblyman Rob Bonta, noted that the plan involved $40 million to be invested in local clean energy.
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