Economics
California to Miss Deadline in Setting Home Solar Payments
- Head utility regulator says final ruling won't come this year
- Rooftop solar industry sees it as critical to business growth
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California utility regulators won’t meet a year-end deadline on deciding how much residents should be paid for power from their rooftop solar panels, the state’s chief regulator said.
The California Public Utilities Commission is weighing extensive comments and proposals before issuing a proposed decision, agency president Michael Picker, 63, said in an interview at Bloomberg’s San Francisco office on Thursday. While that initial decision may be made before the end of the year, a final one won’t meet the deadline, he said, citing the contentiousness and litigious nature of the case.