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 said the utility did not prove its plan had a reasonable budget for ratepayers to cover, approving just $70.1 million.
The utility submitted a proposal to spend $373 million to protect its infrastructure against extreme weather and other events.