
California’s PG&E has just invested $100 million in SunRun, which offers solar power purchase agreements, (in addition to its earlier $61 million investment in Solar City’s solar lease), through its investment arm, Pacific Energy Capital. Some of the California utility investment will help homeowners in other states, like Texas, get $0 down solar.
PG&E’s profits are “decoupled” from electricity sales, in accordance with California state mandates. As a decoupled utility, it earns more by saving electricity than by selling more. When a utility’s profits depend on its customers buying less energy, not more, the motivation is created to help customers shed electrons, or even better, actually send power to the grid. Then PG&E doesn’t have to build as many new gas-fired electric power plants.
Despite the ranting on the Right against decoupling utility profits, it is quite possible for a utility to make very decent money as a decoupled utility. PG&E brings in $13 billion a year, and even the lowliest customer service call center person on their solar line not only has been afforded the training needed to answer solar questions competently, but also makes $25 an hour.
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