In an email to ratepayers, NV Energy CEO Doug Cannon said customers should see some of the electric rates in their bills fall throughout the year.
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NV Energy submitted its fifth amendment to its Integrated Resource Plan that seeks approval to spend over $1.8 billion for infrastructure projects.
Despite NV Energy asking for a slight rate decrease, many customers spoke out against the company over high electric bills during a consumer session.
Southwest Gas blamed the latest quarterly increase on the 12-month average cost of natural gas.
Southwest Gas will increase rates starting July 1, raising the company’s revenue in Nevada by about $11.8 million.
Southwest Gas filed plans to raise customer rates in April, and it’s the highest increase compared to the most recent quarterly rate hikes.
County and state officials urged local residents to avoid panic buying “to limit potential impacts due to this temporary disruption.”
The pipeline supplies gasoline, diesel and jet fuel to locations throughout California and Nevada, including Las Vegas.
The bills for electricity and gas will go up in January, with NV Energy customers in Southern Nevada seeing an average increase of 14.4 percent across all customer classes.
Gas prices were lower in Nevada and across the nation than they were in June, although over $5 a gallon is still a common sight.