At first, it seems like a good deal for tax payers, because the money comes from fines that the state won in compensation from generation company NRG for causing the energy crisis a decade ago.

On the other hand, "the settlement will benefit NRG, which has gotten into the electric car charging station business and branded it eVgo. The company will be building the $100 million charging network over the next four years. (...) If all goes well, NRG will not only build the network but also own and operate it."

So the generation company will own the new infrastructure, not the state of California. That is not in the taxpayers interest (to say it nicely), does not send a message that manipulating markets will have consequences and it also does not seem to be a good idea to develop a competitive market for EV charging.

26 Mar 2012 - 1:54
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