Energy Update

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Under current utility rate tariffs in California, solar plus energy storage could all but eliminate electric bills for the owners of affordable housing properties, according to a new report.

* Govt says one in five fuel stations nationwide affected

(Writes thru, adds air traffic controllers strike, vox-pop,
Total comment)

MOSCOW, May 24 (Reuters) - Russia on Tuesday placed $1.75
billion in Eurobonds at a yield of 4.75 percent, three financial
market sources told Reuters.

RUSSIA EUROBOND PLACED AT YIELD OF 4.75 PCT - SOURCES

* CEO promised to invest, make refineries profitable by
end-2016

MOSCOW, May 24 (Reuters) - Andrey Slivchenko, chief
financial officer of Mechel, is to leave following the
expiry of his two-year contract, the Russian coal and steel
producer said in a statement on Tuesday.

With the background I provided in part one of this article on safe harbors and tax credits — Solar Partnership Flip – Alive and Well in 2016: Part I — we can now look at the partnership flip and its relationship with the Internal Revenue Code (IRC).

BMW South Africa on May 20 unveiled its first solar carport that will be rolled out locally starting in July.

There is a revolution underway. The energy industry is undergoing a radical transfer of power from the generator to the consumer. But as another famous revolutionary, Che Guevara said, “the revolution is not an apple that falls when it is ripe. You have to make it fall.”

MARSEILLE, France, May 24 (Reuters) - French police using
water cannon and tear gas broke up a picket by striking workers
who were blocking access the Fos-sur-Mer refinery in the
southern port area of Marseille, an official of the CGT union
said on Tuesday.

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