Is Google Adding Energy Supplier to Its Growing List of Businesses?

Before the buzz on the Nexus One smartphone had died down, Google (GOOG) uncorked another whopper, with revelations that the company is getting into the electricity markets with the formation of a new entity called Google Energy, according to CNET. The company formed this new entity late last year. Google rep Niki Fenwick told CNET, "Right now, we can't buy affordable, utility-scale, renewable energy in our markets. We want to buy the highest quality, most affordable renewable energy wherever we can and use the green credits."