Silicon Valley Power to buy power from Lodi natural gas plant
SVP provides its 50,000 Santa Clara customers with a power mix that includes 25 to 30 percent electricity from renewable sources
Santa Clara, Calif., August 10, 2012 — Silicon Valley Power, the city of Santa Clara's municipally electric utility, will supply power to customers from the new Lodi Energy Center starting fall 2012.
The natural gas powered plant is one of the cleanest and most efficient gas-fired systems in the U.S., according to the Northern California Power Agency, a partner with SVP in the Lodi Energy Center.
SVP provides its 50,000 Santa Clara customers with a power mix that includes 25 to 30 percent electricity from renewable sources, ahead of the 2014 California requirement of 20 percent for utilities.
The diversified portfolio allows SVP to mix and match power prices to the needs and price expectations of SVP customers. SVP rates did not increase in 2012 and are the lowest in the state, according to a recent study conducted by the California Municipal Rates Group.