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Top U.S. Utilities Grow Solar Power Despite Recession

 May 31, 2009 07:50 AM UTC
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Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

Today, the Solar Electric Power Association [SEPA] whose membership includes 110 utilities issued a new report - “2008 Top Ten Utility Solar Integration Rankings” - which identifies the utilities in the U.S. that have the most solar electricity integrated into their portfolio.
The report demonstrates that the utility segment is making a major investment to increase the amount of solar energy in power portfolios, with many utilities doubling the amount of solar power in their portfolio in just one year. The installed solar capacity of the top ten ranked utilities rose 25 percent in a tough economy, from 711 megawatts to 882 megawatts.
The Top 10 Utilities in cumulative megawatts installed represent six states stretching from California to New York:

#1 Southern California Edison (EIX) – CA (441.4MW)
#2 Pacific Gas & Electric (PCG) – CA (229.5)
#3 NV Energy (NVE) – NV (77.9)
#4 San Diego Gas & Electric (SDOGI.PK) – CA (49.3)
#5 Public Service of Colorado (Xcel Energy (XEL)) – CO (28.5)
#6 LA Department of Water & Power – CA (13.6)
#7 Public Service Electric & Gas Co. – NJ (13.2)
#8 Arizona Public Service Co. – AZ (10.6)
#9 Sacramento Municipal Utility District – CA (10.2)
#10 Long Island Power Authority – NY (7.7)


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