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CPUC: FERC OKS PACT FOR ELECTRIC VEHICLE CHARGING INFRASTRUCTURE

(The following is a reformatted version of a press release
issued by the California Public Utilities Commission and
received via e-mail. The release was confirmed by the sender.) 
CPUC SETTLEMENT APPROVED BY FERC PAVES WAY FOR ELECTRIC VEHICLE
CHARGING INFRASTRUCTURE FOR CALIFORNIA’S DIVERSE COMMUNITIES 
SAN FRANCISCO, November 5, 2012 - The California Public
Utilities Commission (CPUC) today announced that the Federal
Energy Regulatory Commission (FERC) has approved a settlement
agreement that will bring more than $100 million in electric
vehicle charging infrastructure to California, including at
least 200 public fast-charging stations and the infrastructure
for 10,000 plug-in units at 1,000 diverse locations across the
state. 
The settlement, originally announced on March 23, 2012, by
Governor Edmund G. Brown Jr., resolves 10-year-old claims
against subsidiaries of Dynegy Inc., including its power
marketer and three power plant subsidiaries, then co-owned with
NRG Energy Inc. (now wholly owned by NRG), for costs of long-term power contracts signed in March 2001. Dynegy previously
paid $280 million in settlement of claims arising out of
Dynegy’s spot market sales during the energy crisis period
itself. 
NRG will pay to install a minimum of 200 fast charging “Freedom
Stations” - 110 in the Los Angeles Basin; 55 in the San
Francisco Bay Area; 15 in the San Joaquin Valley; and 20 in San
Diego County - that will be available for use by anyone with an
electric vehicle for a minimum five year period.  NRG will
install 20 percent of these stations in low income areas.  The
first Freedom Stations will be available in early 2013. 
NRG will also install infrastructure for plug-in units, or
“make-readies”, at multi-family housing, workplaces, and public
interest sites, which will over time support the installation of
Level 1 and Level 2 chargers from all charging companies.
Further, to meet the CPUC’s goal of ensuring that the electric
vehicle charging infrastructure is available to Californians of
all income levels, NRG will ensure that mixed-income housing
locations are identified, evaluated, and pursued for the make-readies. 
Additionally, NRG will pay $20 million in a cash refund to
electricity consumers. 
“We thank FERC for its approval of the settlement, which will
bring electric vehicle infrastructure to California and open the
market to many electric vehicle stakeholders,” said CPUC
President Michael R. Peevey.  “We can now look forward to the
opening of the stations and getting more electric vehicles on
the road.” 
For more information on the CPUC, please visit www.cpuc.ca.gov. 
### 
Media Contact: Terrie Prosper, 415.703.1366, news@cpuc.ca.gov 
(sgp) NY 
#<278855.14078.3.1.0.0.76>#
 
 
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