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Akeena Solar Teams with PG&E To Light up Governor's 2007 "Green Dream" Inaugural.


LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif. -- In a high-profile demonstration of the power of renewable resources, Akeena Solar, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:AKNS), a leading designer and installer of solar power systems, today announced that it teamed with PG&E to help provide the 100 percent carbon neutral energy that powered California Governor Schwarzenegger's "Leading the Green Dream" Inaugural Celebration in Sacramento on Thursday, January 4, 2007. Solar power captured and delivered by an Akeena-installed 3 kilowatt solar system solar system, the sun and the surrounding planets, natural satellites, dwarf planets, asteroids, meteoroids, and comets that are bound by its gravity. The sun is by far the most massive part of the solar system, containing almost 99.9% of the system's total mass.  joined with biodiesel and purchased carbon credits to help power the afternoon-long event.

"We are proud to partner with the Solar Industry and the Governor to make California the leading solar power state in the nation," said Tom King, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of PG&E. "The Solar installation provided by Akeena Solar to power the Governor's 'Leading the Green Dream' Inaugural Celebration provided a real-world demonstration of renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation.  that we can all use today."

The system provided for the Governor's Inaugural celebration was a typical 3,000 watt (3 kW) system - enough to provide the electrical needs for a typical California residence. At current prices and incentive levels, a system like this would have an economic breakeven in about eight to twelve years.

First Week of the California Solar Initiative The California Solar Initiative program pays incentives to solar photovoltaic (PV) projects in the three California Investor-Owned Utilities service territories.

The program was authorized by the California Public Utilities Commission (CPUC) and by the Senate Bill 1 (SB 1):
 

The California Solar Initiative, or CSI CSI Crime Scene Investigator
CSI CompuServe, Inc.
CSI Commodity Systems, Inc.
CSI Commodity Systems Inc. (Boca Raton, FL)
CSI Crime Scene Investigation (CBS TV show)
CSI Christian Schools International
, went into effect on January 1, 2007. This initiative is by far the largest solar program in the country. Governor Schwarzenegger was the driving force behind the CSI, which has the goal of installing one million residential solar power systems over the next ten years. These systems would provide the state with 3,000 megawatts of solar power, the equivalent to six large fossil fuel fossil fuel: see energy, sources of; fuel.
fossil fuel

Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas.
 generating plants.

"As a resident of California, I am excited about the manner in which this state and its public utilities are leading the way for the widespread use of solar power and other renewable energy sources," said Barry Cinnamon, Chief Executive Officer of Akeena Solar. "California is only the tip of the iceberg tip of the iceberg
n. pl. tips of the iceberg
A small evident part or aspect of something largely hidden: afraid that these few reported cases of the disease might only be the tip of the iceberg. 
. In Akeena's operations elsewhere in the country, we're starting to see other states moving to encourage solar power for individual homeowners. Not only are the immediate economics compelling, but so are the long-term energy independence and environmental benefits. Governor Schwarzenegger's leadership in promoting clean, renewable solar power is a model that other states are compelled to follow."

About Akeena Solar, Inc.

Founded in 2001, Akeena Solar's (OTCBB:AKNS) philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national integrators of residential and small commercial solar power systems in the United States, serving customers directly in California, New Jersey, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, Connecticut and Pennsylvania. For more information, visit Akeena Solar's website at www.akeena.net.

About PG&E

PG&E has connected approximately 14,000 solar customers, more than any other utility in the United States. These customers generate almost 110 megawatts of solar electricity, which is more than 50 percent of the solar energy generated in the entire state of California.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 

Statements made in this release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Forward-looking statements can be identified by the use of words such as "expects," "plans," "will," "may," "anticipates," believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, the effectiveness, profitability, and marketability of such products, the ability to protect proprietary information, the impact of current, pending, or future legislation and regulation on the industry, the impact of competitive products or pricing, technological changes, the effect of general economic and business conditions. All forward-looking statements included in this release are made as of the date of this press release, and Akeena Solar assumes no obligation to update any such forward-looking statements.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 5, 2007
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