Under the terms of a settlement with the Securities and Exchange Commission (SEC), Musk will be ineligible to serve as chair for three years. The deal also involves a $40 million penalty and structural changes at Tesla.
The regulator has filed a lawsuit alleging that Musk’s August tweets about having secured funding to take the company private were “false and misleading”, and is asking to have him barred from serving on the board or as a director of a public company.
SEIA is seeking to save $1 per watt on costs by automating the solar permit process, and also to unlock 30 GW of solar plant energy storage projects by confirming the 30% tax credit on commercial energy storage retrofits.
Jacksonville, Florida’s municipal utility has gotten rid of net metering and lowered the rate paid for excess solar produced electricity. Concurrently, the utility is pushing larger scale solar and energy storage programs.
New Mexico regulators have killed the standby fee that critics say has paralyzed rooftop solar in the territory of Southwestern Public Service.
Cypress Creek Renewables has received approval from a local planning commission in Missouri for a 14 MW-DC single axis tracker solar plant, whose output will be sold for $44.81/MWh in a 30 year contract.
The legal challenge brought by Conservation Law Foundation to Maine’s dismantling of net metering has hit another delay.
Several utility-scale solar developers have come together under the Solar RTO Coalition, which is already making formal comments in FERC proceedings on PJM’s capacity market redesign.
Now that a random 5% signature sample verification has been mathematically achieved, the only thing standing between the initiative and voters in November is the lawsuit it faces, which starts Monday.
Illinois legislation concerning commercial solar valuation and installations on agricultural land has been signed into law by the governor.
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