What did Elon say... The market is bi-polar?... I'd have to echo that just by some actions of the apparent investors in Solarcity of late. There is no revelation here. Did some forget what was said at the analyst day brief almost a month ago? Tanguy Serra clearly stated Solarcity could easily capitalize approximately 32% more of its cash flows if they wanted, and this was pre ITC decision. To suggest a 7.5% discount rate is completely false and without any actual data what so ever. lets get a grip here.
Lets all remember, the point of Nevada situation is to DELAY. Put this in the courts where it will take a long time to resolve. In the meantime, nv energy still pursuing utiltiy business on the nat gas front and utiltiy level renewables(more as renewable compliance then anything). They still have to raise rates to pay for all of this "infrastructure" investment, so once the decisions are made to make these investments, you can't put the toothpaste back in the tube as they say... Nevada will build the new nat gas plants, will build the big geothermal plants, etc... This has nothing to do with actually winning against rooftop solar.
Just a cursory look at SB 374 and the other LAWS regarding the PUC, and it becomes painfully clear: they have violated the law. I've talked about the legislative purpose has not been followed. That is clear. In addition the PUC has made multiple PUBLIC statements that are unequivally BIAS against rate payers with solar. Both noble and thomsen, 66% of the commission just yesterday said they are looking to protect all rate payers without solar over rate payers with solar. This is just the tip of the iceberg here with their comments on this case. Unequivally, a court of law will see impartiality was out the window and as a result there are grounds to overturn the commissions decision, dissolve the commission, and require a new commission to be appointed. Commissioner noble already said rate payers with solar will be reimbursed if this turns out wrong for them, so he's already padding the nest in that sense.
this is a massive legal situation now, and they are okay with it because that is the intent. While this is in court, they will approve new capacity/infrastructure investments and nv energy will happily receive payment for them.
Delay, delay, delay is the mantra.
If you think anti grandfathering will happen anywhere else in Solarcity markets, think again. There is not another political/PUC/state legislature like this anywhere else in their markets. Even Arizona has a PUC election, which is another story. However, look what is happening to Arizona commissions right now and you'll see the path of Nevada is not going to end well for that PUC/governor/nv energy. Tell me why all of the sudden two Arizona commissioners are personally flying to Solarcity headquarters to meet with Lyndon Rive personally to "turn the page" "start anew" and "compromise"? Why such a dramatic action? What caused such a u-turn in their sentiment???
Nv energy might have delay as their mantra, but distributed energy has "follow the email/texts" as theirs...
NNRV = NRV - Renewals 
