SolarCity Slashes Nevada Jobs, Seeks Subsidies Elsewhere
The Washington Free Beacon discusses SolarCity's decision to cut 550 jobs in Nevada with William Yeatman.
SolarCity’s decision to slash Nevada jobs means that it is still overly reliant on such subsidies, according to William Yeatman, a senior fellow and energy policy expert at the Competitive Enterprise Institute.
“It is ridiculous for Solar City to cry foul in the face of regulatory headwinds,” said Yeatman, who called SolarCity’s angry press release “over the top.”
“This company exists only by the grace of favorable politics and regulation,” Yeatman said in an email. “It didn’t complain when ratepayers and taxpayers subsidized the company’s growth in the Nevada market at the expense of competitors in the electricity generation market.”
Read the full article at the Washington Free Beacon.