Nevada to Rule on Buffett’s Utility Deal With SolarCity
- State regulators to vote on granfathering 32,000 solar users
- NV Energy and SolarCity reached solar rate settlement
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Nevada regulators are set to decide this week on a settlement between Berkshire Hathaway Inc.’s utility, SolarCity Corp. and the state’s consumer advocate to roll back rate increases for customers who installed rooftop solar systems prior to this year.
The three-member Nevada Public Utilities Commission has scheduled a vote on the deal for Sept. 16, according to a posting on the commission’s website. Berkshire’s NV Energy Inc. and SolarCity submitted Monday a proposal to regulators that would shield more than 32,000 rooftop solar customers from increases that took effect in January. The agreement also included commission staff and the state’s Bureau of Consumer Protection.