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In Brief

Groundbreaking celebrates One Nevada transmission line

Groundbreaking for the One Nevada transmission line was celebrated Tuesday at NV Energy’s Harry Allen Generating Station in Apex. The 500-kilovolt ON Line, which will bring renewable energy from rural areas into urban markets, will generate 400 construction positions and yield indirect jobs tied to renewable-energy development.

MGM Resorts raises $511 million through stock sale

MGM Resorts International announced Tuesday it raised $511 million by selling 40.9 million shares of common stock and plans to pay down its $13 billion debt. Also, billionaire Kirk Kerkorian sold almost 28 million shares of MGM Resorts. The company did not receive any proceeds from the sale of Kerkorian’s shares.

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