Well, isn't it interesting that this is happening right after the Board of Supes votes to leave PG&E and pursue Community Choice Energy?
Today, Gavin (Representing the City and County of San Francisco), PG&E, and Golden Gate Energy Company agreed to study harnessing the San Francisco Bay's tides for a greener kind of power. We're talking power that has zero-emissions and is renewable.
The study is slated to last a year and will examine environmental impact, economic feasibility, and other issues regarding the practicality of harnessing energy from natural, highly predictable tide power.
The city is contributing about $350,000; PG&E is putting up about $1.5 million, and Golden Gate Energy's role, according to PG&E's press release, is that it "currently holds key federal regulatory permits necessary to study the San Francisco Bay location" and "will work cooperatively to support the effort." Whatever the hell that means.
Funny enough, it looks like Matier and Ross had the goods on this deal about a year ago.
