Summary from Argentco.com, April 2007
Pacific Gas and Electric Company’s wave energy project, “WaveConnect,” has become the first project of its kind in North America to help accelerate the development of wave energy technology.
With the filing of two preliminary permit applications with the Federal Energy Regulatory Commission, PG&E plans to study whether it would be environmentally safe and economically feasible to generate electricity from wave power at two sites off the Mendocino and Humboldt county coasts.
If approved, PG&E plans to spend $3 million over the next three years exploring wave energy. If PG&E finds wave power to be profitable and safe for marine life, it would then build two wave-power generating facilities, each capable of producing approximately 40 megawatts of power per year. Forty megawatts would power an estimated 30,000 homes for a period of 12 months.