March 6, 2015
SolarCity Files Lawsuit Against Arizona Utility Salt River Project for Violations of Antitrust Law
PHOENIX, March 3, 2015 (GLOBE NEWSWIRE) — SolarCity Corporation filed a lawsuit late yesterday in the United States District Court for the District of Arizona, asking the court to stop Arizona utility Salt River Project (SRP)’s anti-competitive behavior. The suit specifically pertains to SRP’s pricing plan, which was approved by SRP’s board on Feb 26. SolarCity further explained its grounds for the lawsuit in a post on its company blog this morning, available at the following link:
SolarCity(R) (Nasdaq:SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything, including design, permitting, installation, monitoring and maintenance. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter.
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