GEMS takes one on the chin from the PUC

Off and on, we have been discussing the Green Energy Market Securitization or GEMS program. GEMS is a financing program that was supposed to provide loans at a low interest rate to finance alternative energy systems and other clean energy improvements for those, such as nonprofits and individuals with lower credit scores, who might not be able to get other kinds of financing. Governor Abercrombie signed the program into law, after which a 2014 bond issue raised $150 million for the program.