Nevada’s Solar Power Fees Draw Ire of Silicon Valley Investors

By Chris Martin |January 12, 2016

A group of 18 venture capital investors are pressuring Nevada Governor Brian Sandoval to reverse new fees on solar homes that state utility regulators made effective on Jan. 1.

Keeping the charges in place will quickly curtail development of solar energy in the state and threaten future investment, the investors, including John Fisher at Draper Fisher Jurvetson and Nancy Pfund at DBL Partners, said in a letter to David Noble, a commissioner at the Nevada Public Utilities Commission that was shared with the governor and top lawmakers.

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