All Customers to Benefit from Third Consecutive Cost Reduction

NV Energy made a filing on November 13 with the Public Utilities Commission of Nevada to reduce rates effective January 1, 2016. The filing reflects reductions in costs associated with fuel and purchased power the company uses to provide electricity and gas service. The filing will result in an overall electric rate decrease of 4.97 percent that will be passed through to all northern Nevada residential, commercial and industrial electric customers. Natural gas residential, commercial and industrial customers will see an overall gas rate decrease of 4.7 percent.  This will be the third consecutive rate decrease since July 1, 2015.

A typical northern Nevada single-family residential electric customer bill of $85.78, based on average usage of 758 kilowatt-hours a month, will see a decrease of approximately 4.2 percent, or $3.61. A single-family residential natural gas customer bill of $49.28, based on average use of 55 therms a month, will see a decrease of $2.22, or 4.5 percent.

NV Energy files an annual prudency review of its fuel and purchased power spending with the PUCN.

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.

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