Friday, March 23, 2012
California Uses $120M Energy Settlement For Electric Car Charging Network
The State of California announced Friday that it is using $120M, received in a legal settlement with a subsidiary of Dynegy Inc., to help build out a network of electric car charging stations across the state. According to Governor Brown's office, the settlement--which resulted from a ten-year-old claim for costs of long term power contracts signed in March of 2001 with NRG--will go towards funding the construction of a statewide network of charging stations for zero-emissions vehicles. The State estimated that the funding will pay for at least 200 public fast-charging stations and another 10,000 plug-in units at 1,000 locations across the state.