News Releases

NV ENERGY FILES SMALLEST GENERAL RATE CASE IN OVER A DECADE FOR SOUTHERN NEVADA

May 2, 2014
2:57pm

NV Energy today filed its General Rate Case with the Public Utilities Commission of Nevada (PUCN) for its southern utility. The filing requests a revenue increase of $20.8 million or 0.9 percent across all rate classes, the smallest request the company has filed in more than a decade.

The filing seeks to recover investments NV Energy has made to improve operational efficiency, benefiting customers in both the short and long term. These include the One Nevada Transmission Line, the NVEnergize smart meter/smart grid program, the Beltway Operations Center, and the Enterprise Work and Asset Management System.

As proposed, a typical residential customer bill of $152.97, based on average usage of 1,136 kWh a month, will see an increase of approximately 1.85 percent, or $2.82. This includes an increase in the monthly service charge of $5.25, which better reflects the cost of serving residential customers. This promotes bill stability because the increase in the monthly service charge reduces the kilowatt hour charge.

The company is required to make this filing once every three years. The PUCN will schedule a consumer session and hearings in the coming months to review NV Energy’s rate case request. If approved as filed, the new rates would take effect on January 1, 2015.

NV Energy, Inc. provides a wide range of energy services to 1.3 million customers throughout Nevada and nearly 40 million tourists annually.  NV Energy is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. The company is headquartered in Las Vegas, Nevada. Information about NV Energy is available on the company’s website, Twitter, Facebook and YouTube pages, which can be accessed via nvenergy.com.

For further information: Jennifer Schuricht, 702-402-5241, jschuricht@nvenergy.com