Dive Summary:

• SunPower Corporation has completed a deal with Pacific Gas and Electric (PG&E) that will see PG&E buy solar-generated electricity from SunPower's Henrietta Solar Project in Kings County, Calif.
• The California Public Utilities Commission will have to approve the new contract for the deal to go into effect.
• PG&E's move will help it to be in compliance with a California mandate requiring investor-owned utilities to get at least 33% of their electricity from renewable sources by 2020.

From the article:

SunPower Corporation (SPWR) has entered into a purchase power agreement to sell electricity to Pacific Gas and Electric (PG&E), a subsidiary of PG&E Corporation (PCG), from its 100-megawatt (:AC) Henrietta Solar Project in Kings County, California.

Currently, the contract is dependent on the approval of the California Public Utilities Commission and SunPower's ability to complete all applicable permits. ...