SAN FRANCISCO -- Federal energy regulators have approved a legal settlement between California and a New Jersey energy company that will see more than 200 electric vehicle charging stations get built around the state.
The Federal Energy Regulatory Commission approved the settlement between the California Public Utilities Commission and a subsidiary of Princeton, N.J.-based NRG Energy Inc.
The settlement came in response to lawsuits filed after California's energy crisis, when NRG and other companies overcharged Californians for power.
The company has agreed to spend $100 million for the stations, and will pay the state another $20 million.
The charging stations will be built by NRG subsidiary eVgo starting in early 2013, with 110 of them in the Los Angeles area and 55 in the San Francisco Bay area.