trending Market Intelligence /marketintelligence/en/news-insights/trending/amdiziiqhqzwff2hxrjtog2 content esgSubNav
In This List

Pacific Gas and Electric achieves California's 2020 renewable energy target

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Infographic: Q1’22 U.S. Wind Power by the Numbers

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy


Pacific Gas and Electric achieves California's 2020 renewable energy target

Pacific Gas and Electric Co. announced Feb. 20 that it has reached California's 2020 renewable energy goal three years ahead of schedule.

The PG&E Corp. subsidiary said in a press release that 33% of its electricity in 2017 came from renewable resources including solar, wind, geothermal, biomass and small hydroelectric sources. Additionally, 78.8% of its total electric power mix is from greenhouse-gas-free sources including nuclear, large hydro and renewable sources of energy.

The utility said it is on track to achieve the state's 2030 goal of 50% renewable energy and its own goal of 55% renewables by 2031, also ahead of schedule.

The company received regulatory approval in January to close the Diablo Canyon nuclear facility in 2025. The company plans to replace the power plant with other renewable resources.