A Giant Leap Forward In Reducing GHGs In Calif.

Law360, New York (March 20, 2012, 1:42 PM EDT) -- GWF Energy LLC and Pacific Gas & Electric Co. (PG&E) recently completed a first-of-its-kind transaction which will result in shutting down five carbon-intensive petroleum coke-burning power plants almost a decade early, thereby eliminating upward of 5 percent of PG&E’s greenhouse gas (GHG) footprint overnight.

In exchange for the early shut down of the five coke plants, located along the San Joaquin-Sacramento River Delta in Contra Costra County, Calif., PG&E extended the contracts of two efficient natural-gas-fired peaker plants located in California’s Central Valley.

On Feb. 16,...
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