PHOENIX (AP) - An Arizona-based utilities company could settle its three-year-old lawsuit with an Arizona solar energy equipment supplier by buying a massive battery from the company, now owned by Tesla Inc., and giving incentives to customers who want to put batteries on their homes.
The Arizona Republic reports Salt River Project's board of directors voted Monday to negotiate a deal to end its lawsuit with SolarCity, which dates back to 2015.
SolarCity sued Salt River Project in Arizona District Court, accusing the utility of "anticompetitive and tortious conduct designed to eliminate solar competition."
The U.S. Supreme Court was scheduled to hear oral arguments on the case this month.
The settlement would have Tesla drop its challenge to the solar rates and Salt River Project drop its Supreme Court appeal of the immunity issue.
Information from: The Arizona Republic, http://www.azcentral.com
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