Google to enter electricity trading business

I don't have much to add, except that I'm positively surprised by the news:
SAN FRANCISCO (MarketWatch) -- Google Inc. has applied with the U.S. Federal Energy Regulatory Commission for permission to buy and sell power in bulk, in a move that could help the Internet giant better meet its daunting electricity needs.
Google applied last month through its Google Energy LLC subsidiary for market-based rate authority, under which it could "engage in wholesale electric power and energy transactions as a marketer," according to public documents.
"In addition to engaging in sales of electricity that are unregulated by the commission, applicant proposes to act as a power marketer, purchasing electricity and reselling it to wholesale customers," the Google subsidiary said in its application.

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