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PG&E hosts fifth LCFS auction of 2017

San Francisco, California-based electric utility company Pacific Gas and Electric (PG&E) will conduct a solicitation Tuesday to sell 44,000 tons of LCFS credits. The auction event represents the fifth such purchasing occasion PG&E has hosted so far through the first six months of 2017, and brings the total tons solicited in 2017 to 279,000t. The credits are generated from electric vehicles and compressed natural gas vehicles. PG&E will accept LCFS credit bids until 10:00 a.m. on 27 June PTT, with the firm scheduled to notify winning buyers no later than 1:00 p.m. the same day.

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