Peevey Suggests Paying Utilities to Invest in Solar

By Published On: February 16, 2007

As a path to goose investment in new solar power, California Public Utilities Commission president Mike Peevey said he’d like to see utilities get a return on investment for solar rooftops, much like the return received on capital investments in power plants during the pre-deregulation environment. “These companies can be tremendous agents of environmental change,” Peevey said February 15. He stressed not only investments in photovoltaics but also ones in concentrated solar thermal engines that create electricity from centralized power plants. Some pilot concentrated solar plants have been committed to by Southern California Edison and San Diego Gas & Electric, although they have yet to go on line (Circuit, Jan. 6, 2006). – J.A. S.

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