NV Energy says the rate increases, which received state regulatory approval, are designed to recoup the costs of improving its grid infrastructure.
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Regulators have approved a statewide rate for natural disaster prevention that would result in Southern Nevadans paying for Northern Nevada costs.
The Public Utilities Commission approved a plan by NV Energy to decrease rates in an attempt to help customers during the hottest months of the year.
Assembly Bill 524, a bill that directs utilities to build more in-state power generation, passed with overwhelming support on the last day of the legislative session.
NV Energy maintains it needs more direction from the state Legislature on how it should reduce its reliance on the expensive energy open market.
Assembly Bill 524, sponsored by Assemblyman Howard Watts, details how electric utility would add in-state power generation, with a focus on renewables.
The Public Utilities Commission denied approval for part of an NV Energy plan meant to help Nevada reduce its use of coal.
Republican Gov. Joe Lombardo issued an executive order Monday outlining the state’s energy future, drawing a sharp contrast with the energy goals of his Democratic predecessor.
The Public Utilities Commission said the utility did not prove its plan had a reasonable budget for ratepayers to cover, approving just $70.1 million.
The electric carmaker is set to receive the tax abatements over the next 20 years after members of a state workforce development board approved the proposal.