Buffett’s Bolshevik: Dissecting NV Energy’s Soviet-Style Sabotage Of Distributed Energy

By William Pentland |December 27, 2015

On Wednesday, Nevada’s Public Utility Commission (PUC) radically revised the state’s net-energy metering (NEM) rules, which determine the price utilities pay for electricity supplied by customer-sited solar panels to utilities.

Under the revised NEM rules, utilities will pay significantly less for electricity purchased from customers with rooftop solar panels than they paid in the past.

The more I have learned about the circumstances surrounding the PUC’s decision, the more convinced I’ve become that Nevada’s biggest incumbent utility has baked the books on the economics of the state’s NEM policy to undercut potential competitors.

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