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    Green Mountain Energy signs LOI with Sawtooth DevCo LLC to offer Arizonans 100% renewable energy ahead of state deadlines


    January 19, 2022 - EquityBites

     

      Renewable energy retailer Green Mountain Energy (GME) said on Tuesday that it will supply locally sourced green renewable energy to Arizonans from new solar facilities to be located in Arizona, under a Letter of Intent (LOI) with Sawtooth DevCo LLC.

      The LOI will support expected customer enrollment following GME's 2021 application to the Arizona Corporation Commission (ACC) to provide competitive retail electric services in accordance with the Energy Competition Act (ECA). The approval of GME's application by the ACC will allow GME to move forward on purchasing solar energy from the Sawtooth projects.

      Under the terms of the LOI, GME will provide 100% local renewable energy from new projects to its Arizona customers pending a favorable decision by regulators to allow consumers to exercise their existing right to choose their electric provider.

      Upon approval, GME will be the first and only Arizona electricity provider to provide only clean renewable energy to all its customers, meeting the ACC's pending 100% clean energy requirement nearly 50 years ahead of the proposed 2070 deadline.

      GME estimates that customer interest in its local renewable offering would support 100 MW of locally generated solar from the projects. Arizonans have moved closer to having the power to choose clean, renewable energy for their homes and businesses.

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