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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Californians have made up about a third of new residents moving to Nevada for decades, and now Los Angeles is the top city where people are moving to Las Vegas.
The state ranks 43 out of 50 states, with drivers paying on average about $765 more than the national average.
The Nevada Housing Division and the Nevada Rural Housing Authority received $10 million to help first-time homebuyers.
Although the Silver State isn’t home to the most expensive gas, prices for Nevadans hit their pocketbooks harder than any other state, according to a list compiled by insurance firm HiRoad.
Regular gasoline prices in Las Vegas reached an average of $5.52 a gallon this week, more than 40 cents higher than the average price one week ago.
Since late June, pump prices have continued to drop locally and nationally because of a decrease in demand and an increase in production.
Prices at the pump in the Silver State have failed to let up, sending Nevada into the No. 2 spot for highest gas prices in the country.
Nevada’s statewide average gas price set an all-time high Wednesday at $4.77 a gallon. So why have prices risen so quickly? And why does Nevada have some of the highest prices in the nation?
Gas prices hit an all-time high in Las Vegas on Friday after a 17-cent price spike overnight, according to AAA data.