10/29/10

The Pacific Gas and Electric Co. has announced that it is suspending its effort to develop a wave energy project off the coast of Humboldt County.

The utility cited “significant permitting challenges” and higher-than-expected projected costs. The proposed configuration and location of the project made it unviable, PG&E said in a statement.

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Click Here for PG&E's press release

 

Update from the Times Stanbdard, 10/30/10:

Wave project breaks apart; PG&E quits Humboldt coast effort, citing costs, permitting