Apple Creates Energy Company, Looks To Sell Excess Power Into The Grid (9to5mac.com)

An anonymous reader quotes a report from 9to5Mac: Apple has quietly created an energy subsidiary, 'Apple Energy' LLC, registered in Delaware but run from its Cupertino headquarters. The company has seemingly formed to allow it to sell excess electricity generated by its solar farms in Cupertino and Nevada, with plans to sell electricity across the whole of the U.S. But a set of Federal Energy Regulatory Commission filings suggests that Apple could have bigger ambitions in the power field. Currently, when private companies sell their excess power, they can only do so to energy companies -- and they often (varies by state) have to sell at wholesale rates. What Apple seemingly could to do, however, is sell directly to end-users at market rates. In other words, get paid retail prices for its excess power. Currently companies like Green Mountain Power can sell green renewable energy to homeowners all over the U.S. It wouldn't be a stretch to see Apple do this as a product in the future. Apple has told the FERC that it meets the legal criteria for selling electricity at market rates because it is not a major player in the energy business and thus has no power to influence electricity prices. It has requested permission begin within 60 days of its filing on 6th June.

Comments

Apple Arm Twisting In Cal and Nev

[Anonymous Coward]

A few months back Bloomberg did a story on how Warren Buffet was fighting, the old fashion way (cash bribes), Elon Musk in Nevada regarding sell of residential surplus electricity from Elon's cousin's Solar Polar cells back to the grid and the grid coughed a hair ball.

Then LA Time did a story about the residential solar panel owners getting screwed by a re-working of the rates that residential, grandfathered owners, and the cutt off of new residential solar power reseal to the grid.

So was Apple involved in bribing Cal and Nev State and county boards to screw residential solar power owners? I'd say, Yep!

Ha ha

Re: The Republicans...

[whoever57]

In fact, Republicans stand for the status-quo.

That's what they would like you to believe. In fact Republicans stand for increasing the wealth and power of a small number of ultra-wealthy people.

They stand for the taxpayers subsidizing the wealthy. They stand for destruction of the environment. They stand for denying basic healthcare to the poor. They stand for using the resources of the government to develop their interests abroad.