Pennsylvania looks at cap rates
Greg Fajt, a lead budget negotiator for the Democratic governor, says lawmakers are interested in phasing in the higher rates, rather than let them hit all at once.
Rate caps are scheduled to expire for 85 percent of Pennsylvania's electric customers in 2010 and 2011.
It's a looming problem that's drawn the attention of state lawmakers. Fajt says the administration is leaving negotiations over the fine points to the General Assembly.
Speaking with reporters, Fajt said he remains optimistic that a budget deal can be struck before the state's fiscal year ends June 30.
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Tesla Electric is preparing to expand in the UK
LONDON - According to a new job posting, Tesla Electric, Tesla’s new electric utility division, is preparing to expand in the United Kingdom.
Late last year, after gaining experience through its virtual power plants (VPPs), Tesla took things a step further with the launch of “Tesla Electric.”
Instead of reacting to specific “events” and providing services to your local electric utilities, as Tesla Powerwall owners have done in VPPs in California, Tesla Electric is actively and automatically buying and selling electricity for Tesla Powerwall owners – providing a buffer against peak prices.
The company is essentially becoming an energy retailer.
Tesla Electric is currently…
