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California: PG&E Commits $3 Billion Annually Through 2020 for Grid Modernization

Pacific Gas & Electric (PG&E) pledged to reach 60% carbon free energy, and said it will invest $3 billion annually through 2020 on grid modernization efforts, Utility Dive reported. PG&E also said it will help weatherize 500,000 low-income homes, and will redouble efforts to support the installation of rooftop solar. The article states that PG&E has joined 80 other companies that have signed onto President Barack Obama's American Business Act on Climate Pledge, pushing for action on climate change while making a case for stronger innovation in the private sector.

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Association for Demand Response and Smart Grid