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It’s the power ratepayer’s worst fear. A big conglomerate consumes the local electric utility, and energy costs soar. And that’s what has actually happened with some operations of MidAmerican Energy Holdings Co., the Warren Buffet-owned company that on Wednesday announced its $10 billion buyout of NV Energy.
Nevada’s corporate community got a big jolt Wednesday when the world’s best-known investor dropped a few billion bucks on the local power company.
There won’t be much energy loss through the newly insulated walls at Mingo Kitchen and Lounge in downtown Las Vegas.
Sempra U.S. Gas & Power has sold part of its interest in a local solar power plant.
Technology created an energy revolution over the past decade — just not the one we expected. By now, cars were supposed to be running on fuel made from plant waste or algae — or powered by hydrogen or cheap batteries that burned nothing at all.
Favorable weather, lower operations and maintenance costs, due in part to the timing of power plant outages, helped boost NV Energy Inc.’s bottom line in the first quarter, the utility reported Friday.