Vivint Solar (NYSE: VSLR) CEO, Greg Butterfield, released the following statement regarding the upcoming rooftop solar decision by the Nevada Public Utilities Commission:
LEHI, Utah, Dec. 21, 2015 /PRNewswire/ -- Vivint Solar (NYSE: VSLR) CEO, Greg Butterfield, released the following statement regarding the upcoming rooftop solar decision by the Nevada Public Utilities Commission:
"Accepting the proposed decision tomorrow would be an unfortunate step backward for Nevada and the solar industry.
If the Nevada Public Utilities Commission accepts this decision, the state of Nevada will lose jobs, economic output, and consumer choice, while protecting the interests of an entrenched monopoly, NV Energy, and its out-of-state owner Berkshire Hathaway Energy.
Vivint Solar, along with others in the industry, will be prevented from re-entering the Nevada market. Previously hired Vivint Solar employees, who were looking forward to living and working in Nevada, will be permanently relocated to neighboring states.
We sincerely hope that the PUC will see the bright potential Nevada has in clean renewable energy, reject the decision, and re-evaluate the best ways to move forward."
About Vivint Solar
Vivint Solar is a leading provider of distributed solar energy systems - electricity generated by a solar energy system installed at a customer's location - to residential customers in the United States. Vivint Solar's customers pay little to no money upfront, receive significant savings relative to utility generated electricity rates and continue to benefit from guaranteed energy prices over the 20-year term of their contracts. Vivint Solar finances, designs, installs, monitors and services the solar energy systems to make things easy for its customers. For more information, visit www.vivintsolar.com or follow @VivintSolar.