MIAMI BEACH, Fla., Oct. 14, 2014 /PRNewswire/ -- Car Charging
Group, Inc. (OTCQB: CCGI) ("CarCharging" or the "Company"), the
largest owner, operator, and provider of electric vehicle (EV)
charging services, announced that the Public Utility Commission of
the State of Pennsylvania will
permit owners and operators of EV charging stations to implement
kilowatt hour ("kWh") pricing within the state. Pennsylvania joins various other states in
which kWh pricing policies are permitted including New York, California, Colorado, Florida, Hawaii, Illinois, Maryland, Minnesota, Oregon, Virginia, and Washington.
"We applaud the Pennsylvania Public Utility Commission for their
decision to permit per kWh pricing given that it is both practical
and appropriate," said Michael D.
Farkas, CarCharging's Founder and Chief Executive Officer.
"Pricing by kilowatt hour is the fairest, and most attractive,
method by which consumers can charge their cars, as it directly
ties with the electricity consumed. We believe states which accept
this methodology are leading the way in supporting cleaner, more
environmentally-friendly transportation alternatives for decades to
come."
This decision provides for a fee structure that more closely
resembles the current per-gallon pricing for traditional motor
vehicles. Utilizing time-based cost structures for EV charging
services can be inequitable given the varying rates at which
electric cars charge.
Beginning today, CarCharging will extend its per kWh pricing
structure to its more than 140 EV charging stations in Pennsylvania, including several on the PA
turnpike and in major cities such as Pittsburgh and Philadelphia.
About Car Charging Group, Inc.
Car
Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide
public electric vehicle (EV) charging services, enabling EV drivers
to easily recharge at locations throughout the United States. Headquartered in
Miami Beach, FL with offices in
San Jose, CA; New York, NY; and Phoenix, AZ; CarCharging's business model is
designed to accelerate the adoption of public EV charging.
Through its subsidiary, Blink Network, CarCharging also provides
residential EV charging solutions for single-family homes.
For more information, please visit www.BlinkHQ.com.
CarCharging has strategic partnerships across multiple business
sectors including multi-family residential and commercial
properties, parking garages, shopping malls, retail parking, and
municipalities.
For more information about CarCharging, please visit
www.CarCharging.com, www.facebook.com/Car.Charging, or
www.twitter.com/CarCharging.
Forward-Looking Safe Harbor Statement:
This press
release contains forward-looking statements as defined within
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. By their
nature, forward-looking statements and forecasts involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the near future. Those statements
include statements regarding the intent, belief or current
expectations of Car Charging Group, Inc., and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. The Company undertakes no obligation to update or
revise forward-looking statements to reflect changed
conditions.
Investor Relations and Media Contacts:
CarCharging
Media
Contact:
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CarCharging
Investor
Relations:
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Suzanne
Tamargo
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Chris
Witty
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Suzanne@CarCharging.com
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cwitty@darrowir.com
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(305) 521-0200 x
214
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(646)
438-9385
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or:
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Constellation Asset
Advisors
http://www.erastar.com/
(775)
771-5808
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SOURCE Car Charging Group, Inc.