Ecotality files Lawsuit to Halt Illegal California PUC Agreement

San Francisco, California, United States | May 25, 2012

San Francisco, California, United States

Alleges Secret Agreement Denies Ratepayers Nearly $1 Billion Owed and Creates Electric Vehicle Charging Station Monopoly

A market-leading company in the electric vehicle charging station (EVCS) industry, ECOtality, Inc. (NASDAQ:ECTY), today filed legal documents with the state’s First District Court of Appeal seeking to halt implementation of an agreement between the California Public Utilities Commission (PUC) and New Jersey-based company NRG Energy, Inc.

The company alleges that the agreement, which was intended to settle NRG’s role in overcharging California energy ratepayers $940 million during the 2000-2001 energy crisis, instead rewards NRG by requiring only that the company spend $102.5 million on its own EVCS business. Secondly, the Company alleges the PUC intervened outside of its authority in the private marketplace by endorsing one of multiple competitors, and indeed the most powerful, thereby handing the company a monopoly over the nascent market in California.

“This so-called ‘punishment’ is like a restaurant failing a health inspection then being given an exclusive franchise to open and operate every restaurant in the city, subsidized by public funds,” said ECOtality CEO Jonathan Read. “This is an illegal giveaway, negotiated without public input, that will not only impede the development of the electric vehicle market in California and ultimately cost consumers more — but it also denies California rate-payers any refunds from the nearly $1 billion in overcharging that occurred during the energy crisis.”

NRG is the successor entity to Dynegy Power Marketing, the firm blamed by the (PUC) for $940 million in price-gouging from 2000-2001. The PUC now wishes to settle those energy crisis-related claims.

The agreement requires only a $20 million payment to the PUC (which amounts to roughly 2 percent of the overcharges) and that NRG invest $102.5 million in establishing 1,200 electric vehicle charging stations throughout the state. NRG already invests in the EVCS industry through its subsidiary, eVgo.

In documents filed in support of ECOtality’s lawsuit, anti-trust expert and director of the Berkeley Research Group C. Paul Wazzan, Ph. D. stated: “My review has identified features of the Agreement which I believe present the potential for serious anti-competitive impacts by enabling NRG to establish a dominant position in the California EVCS market by engaging in what is essentially a predatory scheme to capture the best geographic locations for their charging stations.” Wazzan went on to state: “The Agreement presents a substantial risk of creating a subsidized predatory scheme and conveyed first mover advantage.”

ECOtality also alleges that the agreement was negotiated behind closed doors, without public review or input. That breaks from PUC precedent; the Commission has in the past delayed lower-dollar, less far-reaching settlement agreements in order to conduct public review and receive public input, including from competitors.

ECOtality, Inc. (NASDAQ:ECTY), headquartered in San Francisco, California, is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels.

Source: ECOtality

For more information on: ECOtality

 

 

Source: ECOtality

For more information on: ECOtality

47 Trackbacks

  1. By click here on April 22, 2013 at 11:30 pm

    …

    [...]here are some hyperlinks to websites that we link to because we consider they’re really worth visiting[...]…

  2. By franchise sales leads on April 23, 2013 at 2:43 am

    Intriguing Blog Post….

    I saw this really good post today….

  3. By juegos on April 24, 2013 at 7:35 am

    mario games…

    This is my great post about this….

  4. By Jocuri barbi online on April 24, 2013 at 3:55 pm

    Jocuri cu barbi…

    This is my great post about this….

  5. By Sparkling water flavour info on April 24, 2013 at 4:55 pm

    Love You For Truly Sharing…

    Great, thank you just for sharing this unique post. A lot of thanks once again. Really Great….

  6. By buy clomid on April 25, 2013 at 11:04 am

    …

    [...]very few sites that come about to become detailed below, from our point of view are undoubtedly very well worth checking out[...]…

  7. By Melbourne airport to city on April 25, 2013 at 3:03 pm

    Sites we Like……

    [...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose [...]……

  8. By grow taller on April 26, 2013 at 6:46 am

    Zoila Barnoski…

    Zoila Barnoski…

  9. By buy champix on April 26, 2013 at 7:06 am

    …

    [...]Every the moment inside a though we pick blogs that we study. Listed below would be the newest sites that we pick out [...]…

  10. By buy synthroid on April 27, 2013 at 7:53 am

    …

    [...]here are some links to web sites that we link to due to the fact we feel they are worth visiting[...]…

  11. By improve memory on April 28, 2013 at 3:02 am

    Dominique Archey…

    Dominique Archey…

  12. By As in well-nigh over-the-counter industries, the cookware industry are constantly coming out with new lines and innovations on April 29, 2013 at 9:01 am

    I believe, that always there is a possibility….

    I suggest you to visit a site on which there is a lot of information on a theme interesting you….

  13. By ofis KIrtasiye on April 29, 2013 at 11:56 pm

    pretty great site…

    I could possibly furthermore prefer to declare that many individuals unfortunates who’re without medical care insurance usually may end upward being students, self-employed while others that are occasionally unemployed. Over fifty % while dealing with…

  14. By red angel hair on April 30, 2013 at 6:57 am

    Hairdressers…

    Thanks you for this nice blog…

  15. By As in well-nigh over-the-counter industries, the cookware industry are constantly coming out with new lines and innovations on April 30, 2013 at 7:42 am

    You commit an error. I can defend the position. Write to me in PM….

    The excellent answer…

  16. By view on April 30, 2013 at 11:12 pm

    The Birch of the Shadow…

    I feel there might be a few duplicates, but an exceedingly useful list! I’ve tweeted this. Lots of thanks for sharing!…

  17. By official website on May 1, 2013 at 11:34 pm

    Thorn of Girl…

    Superb facts might be found on this web web site….

  18. By Omar Brockway on May 2, 2013 at 12:13 am

    especially wonderful…

    Many thank anyone concerning serving us youngster must be acquire make brand-new recommendations concerning pc’s. We in addition help a belief you simplest means to fix maintain your unique laptop pc inside including perfect situation should be to app…

  19. By this link on May 2, 2013 at 6:54 am

    The Ships’s Voyages…

    I believe know-how just causes it to be even worse. Now there is a channel to by no means treatment, now there wouldn’t be a possibility for them to discover….

  20. By retractable crowd control barriers on May 2, 2013 at 7:12 am

    crowd control systems…

    Controlling the crowd outside any event can be difficult….

  21. By maidstone intensive driving courses on May 4, 2013 at 1:00 pm

    driving schools maidstone…

    This School of motoring is definitely a individually perform business presenting superior quality driving instruction in not to mention approximately Maidstone, Sevenoaks, Tunbridge Water wells, Sittingbourne, Chatham, Gillingham & To the west Deliveri…

  22. By 罗塞塔石碑 on May 4, 2013 at 6:34 pm

    mbt mens kabisa 11…

    I consider something really special in this web site….

  23. By their website on May 5, 2013 at 6:37 am

    The Birch of the Shadow…

    I think there might be considered a number of duplicates, but an exceedingly handy record! I have tweeted this. Several thanks for sharing!…

  24. By see post on May 5, 2013 at 4:30 pm

    … [Trackback]…

    [...] Informations on that Topic: greenjobs.com/news/2012/industry-news/san-francisco-california-united-states-may-25-2012 [...]…

  25. By v zug I miele I electrolux I Steamer I Safe I Siemens on May 5, 2013 at 8:07 pm

    … [Trackback]…

    [...] Read More here: greenjobs.com/news/2012/industry-news/san-francisco-california-united-states-may-25-2012 [...]…

  26. By Just some thoughts on my site on May 6, 2013 at 12:20 am

    Yahoo results…

    While searching Yahoo I discovered this page in the results and I didn’t think it fit…

  27. By Are you suffering from eczema? Does your skin itch constantly to the point of burning? It is a fact that eczema is an uncomfortable disease which requires prompt on May 7, 2013 at 7:22 pm

    I understand this question. Let’s discuss….

    Well, and what further?…

  28. By luminess air starter kit on May 8, 2013 at 1:54 pm

    Souls in the Waves…

    Excellent Morning, I just stopped in to go to your internet site and believed I’d say I loved myself….

  29. By เกมส์ on May 9, 2013 at 3:50 am

    … [Trackback]…

    [...] Find More Informations here: greenjobs.com/news/2012/industry-news/san-francisco-california-united-states-may-25-2012 [...]…

  30. By nice beauty tips on May 9, 2013 at 10:51 am

    Thorn of Girl…

    Superb details is often discovered on this online weblog….

  31. By cash advance houston on May 11, 2013 at 8:44 am

    foundy…

    This is the right site for anybody who really wants to understand this topic. You understand a whole lot its almost hard to argue with you (not that I really will need to…HaHa). You definitely put a brand new spin on a subject that’s been written abou…

  32. By payday loans direct lender on May 11, 2013 at 9:51 am

    Beker…

    Way cool! Some extremely valid points! I appreciate you penning this post plus the rest of the website is also really good….

  33. By amyl nitrite on May 11, 2013 at 4:23 pm

    Great website…

    [...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]……

  34. By payday loans dallas on May 12, 2013 at 8:41 am

    foundy…

    This page definitely has all of the information I wanted concerning this subject and didn’t know who to ask….

  35. By payday loans houston on May 13, 2013 at 5:17 am

    Beker…

    After looking into a number of the blog articles on your blog, I truly appreciate your technique of blogging. I saved it to my bookmark website list and will be checking back in the near future. Please check out my web site as well and let me know what…

  36. By payday loans las vegas on May 14, 2013 at 1:37 am

    Bookmark…

    Excellent web site you’ve got here.. It’s difficult to find quality writing like yours nowadays. I honestly appreciate individuals like you! Take care!!…

  37. By bns gold on May 15, 2013 at 5:41 am

    bns gold…

    This is my Excerpt…

  38. By stryker hip replacement lawsuit on May 17, 2013 at 12:14 am

    … [Trackback]…

    [...] Informations on that Topic: greenjobs.com/news/2012/industry-news/san-francisco-california-united-states-may-25-2012 [...]…

  39. By F2P on May 17, 2013 at 12:20 pm

    … [Trackback]…

    [...] Informations on that Topic: greenjobs.com/news/2012/industry-news/san-francisco-california-united-states-may-25-2012 [...]…

  40. By Get More Info on May 17, 2013 at 7:53 pm

    … [Trackback]…

    [...] Informations on that Topic: greenjobs.com/news/2012/industry-news/san-francisco-california-united-states-may-25-2012 [...]…

  41. By visit our website on May 18, 2013 at 4:25 am

    Souls in the Waves…

    Good Early morning, I just stopped in to go to your internet site and thought I would say I experienced myself….

  42. By visit their website on May 18, 2013 at 11:43 am

    The Birch of the Shadow…

    I believe there may possibly be a couple duplicates, but an exceedingly useful listing! I’ve tweeted this. Quite a few thanks for sharing!…

  43. By игра престолов скачать торрент on May 18, 2013 at 5:55 pm

    Игра престолов скачать торрент…

    «Игра престолов» (Game of Thrones) – американский драматический телесериал в жанре фэнтези, созданный по мотивам цикла романов «Песнь Льда и Огня» писателя Джорджа Мартина….

  44. By hermes handbags on May 20, 2013 at 12:26 pm

    hermes handbags…

    http://hermeskelly.citationguide.net hermes Handmade baggage through American indian material in addition to styles…

  45. By go to my blog on May 22, 2013 at 8:04 pm

    … [Trackback]…

    [...] Read More: greenjobs.com/news/2012/industry-news/san-francisco-california-united-states-may-25-2012 [...]…

  46. By her comment is here on May 24, 2013 at 8:03 am

    Positve Character Traits…

    Thank you for sharing excellent informations. Your site is so cool. I’m impressed by the details that you have on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for extra articles. You, my…

  47. By celine handbags price on May 25, 2013 at 11:38 pm

    celine handbags…

    http://tinyurl.com/p3yfmbj celine handbags 2013 amazing as does this girl…