Sunrun Ends Nevada Operations In Response To Anti-Solar Ruling - Quick Facts

(RTTNews) - Sunrun Inc. (RUN) said it has ceased all operations in Nevada, resulting in hundreds of job losses. Sunrun said the layoffs and its exit from Nevada are the direct result of new rules adopted by Governor Sandoval's Public Utilities Commission or PUC as well as actions taken by NV Energy and Nevada politicians.

Sunrun hopes to transition its Nevada-based employees to other positions within the company where possible or place them with other local organizations.

Unlike other national solar companies, Sunrun also partners with local installation companies. Sunrun expects these local companies will be forced either to perform layoffs or to close their doors entirely. Sunrun is now the third national solar company to announce that the PUC's anti-solar rules have forced them to cease operations in the state.

On January 1, 2016, the PUC adopted rules that are more adverse to solar customers than those publicly proposed by NV Energy. The new rules will block thousands of homeowners from choosing clean, affordable electricity, ending the only chance Nevadans had at enjoying choice and competition in electric energy.

The rules also undermine the investments of the approximately 16,000 existing solar customers in the state. The reduction or outright elimination of savings for these existing customers was proposed by Commission Staff, who said in testimony that they neither conducted analysis of the retroactive impact on existing customers nor analyzed the impact it would have on future investment in Nevada. Given that Commission Staff conducted no analysis of these impacts, Sunrun called on the PUC commissioners to reconsider their decision.