Editor's note: This article originally appeared on EnerKnol. Subscribe here.
The Florida Public Service Commission approved Tampa Electric Company’s shared solar tariff, providing an option for electric customers to buy power from the company’s designated solar energy resource to meet all or part of their monthly energy needs, according to a May 14 press release.
The program ensures equal access to solar power to homeowners, renters, and businesses whether or not they own the homes or business premises. Currently, many consumers are unable to utilize solar power because they live in rented houses or multi-tenant buildings, or have roofs that cannot accommodate solar installations.
Tampa Electric’s new program requires participants to pay a shared solar charge of $0.063 per kilowatt-hour for energy produced by 17.5 megawatts of the Lake Hancock solar facility, which came online on April 25. Participants will avoid paying the fuel cost component of their bills on the portion of their energy consumption that comes from solar.
Tampa Electric Company is a subsidiary of TECO Energy Inc.
Enerkol is a provider of regulatory data, analytics, and tracking software for North American energy markets.
The parties must now renegotiate a deal that would transfer Breitburn's Permian reserves to investors including Elliott and WL Ross through their participation in a $775 million rights offering.
As part of creating value, Parsley Energy is also divesting what it called “tail-end inventory” in the Southern Midland Basin for about $170 million.
Nick Varel, who founded two highly successful companies before the age of 40 and currently leads Permian Basin-focused Wing Resources, is today’s Forty Under 40 honoree.