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Sempra Energy

Utilities Companies Look to Electric Cars for New Revenue

Utilities Companies Look to Electric Cars for New Revenue

written by

Utility companies find themselves caught between converging trends that are depressing their revenue: increasing energy efficiency that cuts usage, the rapid growth of renewable energy sources bought at premium prices, and new EPA regulations to limit output from their legacy, coal-fired power plants. The result? Sinking sales, rising costs, and a flat-lining bottom line. Reinventing a decades-old business model in the energy sector will not be not easy. But one thing is clear: the traditional practice of pay-for-volume of use is on the way out.

In search of new revenue streams, some electricity companies are looking to the expanding need for electric-car power, according to the Wall Street Journal. In San Diego, Sempra Energy plans to install 5,000 EV car-charging stations at hundreds of office parks, apartment buildings, and condo complexes at a cost of one hundred million dollars. The company is asking energy regulatory agencies for permission to add a forty-cent a month surcharge on its customers’ bills to support this investment. Sempra’s argument is that convenient, easy-to-use charging stations will encourage more Californians to adopt electric cars, thereby improving air quality for everyone. And, not incidentally, tapping a new market for electricity sales for the utility. Sounds like good business all around.

Article by John Howell.



September 9, 2014 4 comments
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Nevada Becomes Home to US’s Largest PV Solar Plant

written by EnergyRefuge.com

The United States’ largest solar PV power plant has been completed in Boulder City, Nevada. The plant will provide enough power for 14,000 homes through an array of 775,000 thin-film photovoltaic solar panels.

Called Copper Mountain Solar, the 380 acre, 48MW facility belongs to Sempra Generation, a subsidiary of Sempra Energy.

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December 10, 2010 0 comment
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