NRG Energy Settlement With The State Of California Will Be Good For Electric Vehicle Owners


NRG Energy Settlement With The State Of California Will Be Good For Electric Vehicle Owners

For decades, NRG Energy and the State of California have been involved in a dispute over price inflation for energy contracts.  Now the two parties have reached an agreement and the settlement could be a huge boon for electric vehicle drivers.

The agreement will have NRG Energy spend $100 million on fast-charging stations for electric vehicles, new plug-in units and upgrades for chargers.  One-fifth of the new charger installations will take place in low-income neighborhoods.

Drivers using the chargers will be able to pay for as few as 15 minutes of charging time and NRG will collect the fees.

The settlement also includes $20 million in ratepayer relief.

California’s Governor and state regulators have already approved the terms of the agreement; now it is awaiting federal approval.

To find out more, please visit http://www.scpr.org/news/2012/04/27/32213/nrg-energy-spend-100-million-electric-vehicle-char/.

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