Geothermal energy supply deal
Commonwealth Energy has signed a three-year agreement to purchase geothermal electricity from Calpine Corporation.
The agreement calls for Commonwealth to purchase 75 MW of geothermal electricity this year, 100 MW in the year 2000 and 125 MW in the years 2001 and 2002 respectively.
Calpine’s geothermal electricity is produced at The Geysers, the US’ largest producing geothermal field and one of the nation’s largest green energy resources.
“We wanted to lock in a long-term, reliable, state-certified green power supplier,” said Fred Bloom, Commonwealth’s CEO. “This agreement allows us to do just that.”
Calpine Vice President, Jake Rudisill said, “This contract demonstrates the market potential of green power. Calpine’s geothermal electricity is an ideal energy product. It is highly reliable, can be competitively priced and is environmentally friendly.”
Commonwealth will continue to pursue other green power suppliers that are classified as “new” renewable energy suppliers.