November 5, 2024 2:26 pm
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

SRP, Tesla settle lawsuit brought by SolarCity

By Tim Gallen | Phoenix Business Journal

Salt River Project and SolarCity parent company Tesla reached a deal to settle a longstanding lawsuit brought against the utility by the solar company.

Three years ago, SolarCity sued SRP over newly enacted rate plans that impacted solar customers. The installer contended the changes would increase rates substantially for new SRP solar customers.

The agreement announced this month dismisses that lawsuit with prejudice, according to a statement outlining the terms of the deal.

Under the agreement, SRP agrees to purchase a 25-megawatt / 100-megawatt hour battery energy storage system from Tesla (Nasdaq: TSLA) at market pricing, which will be installed at the

Agua Fria Generating Station in Glendale. The battery will be installed during the first quarter of 2021.

READ ON:

Share this!

Additional Articles
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles

Post Calendar

Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.