This is an excerpt from EERE Network News, a weekly electronic newsletter.

April 14, 2004

PG&E to Launch Clean Energy Business Incubator in California

California's Pacific Gas and Electric Company (PG&E) emerged from Chapter 11 bankruptcy on April 12th, and as part of the company's settlement agreement, it will establish and fund a non-profit corporation to encourage businesses involved in clean energy technologies. The so-called business "incubator" will be dedicated to supporting research and investment in clean energy technologies, primarily in the PG&E service territory. PG&E will provide $15 million over five years and will work with the California Energy Commission to attract additional funding. See the PG&E press release, and for additional information, see page 16 of PG&E Corporation's settlement agreement, which is posted on the company's Web site.

The concept of clean energy business incubators is not new: In fact, DOE's National Renewable Energy Laboratory (NREL) established the National Alliance of Clean Energy Business Incubators in 2000. See the NREL and Alliance Web sites.