California's electric car charging deal with NRG clouded with controversy
Three weeks ago California Gov. Jerry Brown and NRG announced a deal that both settled one of the legal cases arising from the California energy crisis a decade ago, and also started a huge step toward building the electric car charging infrastructure that California needs to meet the states environmental goals. The deal was glowingly positioned by the Governors office as a $120 million settlement paid by NRG, in return for which California will get an EV charging network. However and not all are happy with the deal and are making their concerns heard. NRG has answered most of the concerns and is reaching out to advocacy groups to satisfy the red flags.
The deal is worth $120 million, and settles the lawsuit filed by California against an NRG subsidiary that was one of the companies involved in illegal manipulation of California's energy markets a bit over 10 years ago. The money is split into two parts, a $20 million payment to the California Public Utilities Commission (CPUC) and $100 million that's going to build an electric car charging network over the next four years.