Friday, July 30, 2010

CPUC Filing

CPUC Filing

On Thursday, July 22, CleanTECH San Diego, with the pro bono assistance of Latham & Watkins, formally filed a comment letter urging the PUC not to eliminate the price differential between non-taxable and taxable entities. We expressed concern regarding the recent decision to to freeze and alter CSI PBI Incentives for public institutions. These proposed changes to the CSI Program would impact our CREBs Initiative, as CREBs projects were based on a set of pro forma financial assumptions that included CSI incentives at established rates. A reduction now would place projects in danger of not being able to obtain financing.

Stayed tuned for updates!

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