NGC Corp. clearly believes renewable energy is the product ofthe future and has signed an agreement to supply power generatedfrom renewable sources to Green Mountain Energy Resources forretail power customers in California. NGC will supply wholesalepower for two of the three products Green Mountain is selling: itsWater Power blend and its 75% Renewable Power blend, according toTom Boucher, vice president of energy supply and businessdevelopment at Green Mountain. The wholesale power will come fromdifferent types of generating facilities in California and thewestern region, including small-scale hydro, geothermal, andbiomass facilities. A contractual chain will ensure that GreenMountain’s retail customers are purchasing power from a renewableor hydro source, said Doug Boccignone, director of marketing forNGC’s Electric Clearinghouse.
“We plan to be active in the competitive market for renewableresources,” said Stephen W. Bergstrom, senior vice president of NGCCorp. “The relationship with Green Mountain Energy Resourcespresents an excellent opportunity to expand our interests in therenewable fuel market as well as link NGC’s wholesale capabilitieswith an effective retail marketer in California. This company hasemerged as a leader in the California market and in the area ofrenewable energy. We look forward to working with them to ensurecontinued success for both our companies.”
Green Mountain noted the NGC contract will complement anexisting power supply agreement with PacifiCorp.
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