Sacramento Municipal Utility District is canceling its agreement to purchase power from the Coyote Creek project.
The utility company announced Monday they would not be moving forward with the power purchase agreement with D.E. Shaw Renewable Investments (DESRI), which SMUD signed in 2021.
SMUD officials cited “project uncertainties” for their decision – naming supply chain constraints, rising prices, tariffs, schedule delays, environmental impacts and pending litigation as the chief factors…