New York close to Reva EV plant deal
Reva, an electric-car maker based in Bangalore, India, plans to work with Bannon Automotive, a Long Island electric-car firm, to build a three-door hatchback at a still-to-be-determined site near Syracuse.
The plans, which await final approval from Reva’s full board, were reported by the Post-Standard, a Syracuse newspaper, which noted that it was “not clear how much of the company’s financing package is complete.”
Only a couple of electric car plants currently exist in the United States, and electric cars have yet to hit the roads in large numbers.
Tesla plans a power-train plant in Palo Alto, though it is still looking for an assembly plant site for its Model S.
Fisker Automotive, another California start-up, plans soon to announce the site for a United States plug-in hybrid plant, according to Dow Jones.
The company recently received $529 million in loans from the Department of Energy.
Global Electric Motorcars, a Chrysler subsidiary, also makes electric cars in Fargo, N.D.
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Major U.S. utilities spending more on electricity delivery, less on power production
WASHINGTON - Over the past decade, major utilities in the United States have been spending more on delivering electricity to customers and less on producing that electricity.
After adjusting for inflation, major utilities spent 2.6 cents per kilowatthour (kWh) on electricity delivery in 2010, using 2020 dollars. In comparison, spending on delivery was 65% higher in 2020 at 4.3 cents/kWh. Conversely, utility spending on power production decreased from 6.8 cents/kWh in 2010 (using 2020 dollars) to 4.6 cents/kWh in 2020.
Utility spending on electricity delivery includes the money spent to build, operate, and maintain the electric wires, poles, towers, and meters that…
