Federal Energy Regulatory Commission Gives Apple the Green Light to Sell Power into Wholesale Markets
In June we reported that Apple had quietly created an energy subsidiary, 'Apple Energy' LLC, that was registered in Delaware but run from its Cupertino headquarters. We further noted that a set of Federal Energy Regulatory Commission filings suggested that Apple could have bigger ambitions in the power field. Today a report by Bloomberg states that Apple could now begin selling power into wholesale markets, joining Google parent Alphabet Inc. in the energy-trading business.
Bloomberg's report further noted that "Apple's subsidiary Apple Energy LLC may sell energy, capacity and other services needed to maintain reliable power, according to an order by the Federal Energy Regulatory Commission on Thursday. In granting approval, the commission determined the Mountain View, California-based company did not raise the risk of being able to unfairly hike up power prices.
About Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments.