Bull Moose Energy, a San Diego company developing biomass plants to provide power to San Diego Gas & Electric Co. and elsewhere, said Morgan Stanley has agreed to invest up to $60 million for the project

The announcement is here.

San Diego Gas & Electric (SDG&E), a subsidiary of Sempra Energy, has contracted with Bull Moose to purchase 20 megawatts (MW) of biomass electricity annually to help meet its goal of supplying 20 percent of its customers’ energy needs with renewable resources by 2010, Bull Moose said.