Investors urge Nev. PUC to recant solar order; pro-​​solar crowd clogs PUC hearing

January 14, 2016

Jan­u­ary 14, 2016 — A group of 18 ven­ture cap­i­tal investors have writ­ten Nevada’s pub­lic util­ity reg­u­la­tors, with copies to Nevada Gov. Brian San­doval and state leg­is­la­tors, urg­ing the reg­u­la­tors reverse new fees on util­ity cus­tomers with solar that reg­u­la­tors imposed effec­tive on Jan. 1. The investors, Bloomberg News reported, included John Fisher of Draper Fisher Jurvet­son andNancy Pfund of DBL Part­ners. Their let­ter to Nevada PUC Com­mis­sioner David Noble, prin­ci­pal archi­tect of a PUC order adopted Dec. 22 that changed the prior com­mis­sion rule applic­a­ble to solar customers.

As a result of the Dec. 22 order, the two lead­ing solar installers in the state, SolarCity and Sun­run, imme­di­ately stopped mak­ing solar sales and instal­la­tions, effec­tively end­ing their busi­ness in the state and the loss of hun­dreds of jobs that went with it. The order raised fixed monthly fees, that util­ity cus­tomers with solar must pay, by 40% while cut­ting and phas­ing out pay­ments that util­i­ties make for solar gen­er­ated elec­tric­ity that solar cus­tomers pro­vide to the util­i­ties. Adding insult to injury, the com­mis­sion applied the new rule retroac­tively to exist­ing cus­tomers who had pre­vi­ously installed solar, which no state had ever done.

To read more, visit Elec­tric­ity Pol­icy.