This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Georgia PSC Approves Georgia Power's Solar Initiative

ATLANTA, Nov. 20, 2012 /PRNewswire/ -- The Georgia Public Service Commission (PSC) today in a 5-0 vote approved Georgia Power's new solar initiative -- the Georgia Power Advanced Solar Initiative ("GPASI").  The initiative creates the largest voluntarily developed solar portfolio from an investor-owned utility.  Through GPASI, Georgia Power will acquire 210 megawatts of additional solar capacity through long term contracts over a two-year period. 

(Logo: http://photos.prnewswire.com/prnh/20050216/CLW066LOGO )

"We are pleased the Commission has approved our Advanced Solar Initiative," said Georgia Power President and CEO Paul Bowers.  "Developed in cooperation with the PSC, our solar plan will encourage new, cost competitive opportunities for solar development in our state while helping Georgia Power continue to build a diverse generation portfolio that provides our customers with the safest, most reliable and most cost effective electric system in the nation."

To meet the target of 210 megawatts, Georgia Power's Utility Scale program will purchase 60 megawatts annually for two years through a competitive request for proposal (RFP) program with projects ranging in size from 1-20 megawatts. By as early 2013, a Distributed Scale program will provide opportunities for up to 45 megawatts per year of smaller solar projects with specific reservations for Small Scale (less than 100 kW) and Medium Scale (100-1,000 kW) projects. 

RFPs for the Utility Scale program will be conducted in 2013 and 2014 and require commercial operation dates in 2015 and 2016.  Georgia Power could begin signing solar contracts under the Distributed Scale program as early first quarter of 2013.

The GPASI complements the company's existing solar resources, which include leading-edge research and demonstration projects and a 50 megawatt Large Scale Solar program already in place.

Since the creation of the company's Green Energy Program in 2003, which enables customers to support and foster the growth of renewable energy resources, Georgia Power has consistently pursued opportunities to grow solar in the state. Through various initiatives, including the Large Scale Solar Program approved in 2011, Georgia Power has worked closely with the PSC to add solar economically to its portfolio. There are currently 61.5 megawatts under contract – enough green energy to power approximately 7600 homes.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs