News Releases

NV Energy Rates Decrease in Southern Nevada

Sep 22, 2009

Media Contact:  Chelsie Campbell, (702) 402-5252
Analyst Contact:  Britta Carlson, (702) 402-5624

Customers in NV Energy's southern Nevada territory will see a slight decrease in rates effective October 1 due to declining fuel and purchased power costs. 

New deferred energy and base tariff energy rates were approved today by the Public Utilities Commission, that when combined, result in a net 2.7 percent overall decrease to customers.  The typical residential customer using an average of 1250 kilowatt hours per month will see a 1.96 percent, or $2.92 decrease to their monthly bill.

Fuel and purchased power rates are based on costs the company incurs for fuel to run its own generating facilities and purchased power needed to meet demand.  These costs are a dollar-for-dollar pass thru to customers with no profit for the company.

Despite this decrease, it is important to note that in January the company will implement the remainder of the General Rate Case decision that was issued in June.  This prior decision will have an upward impact on rates commencing January 1, 2010.  While, the exact impact of the increase will not be known until the middle of November when the quarterly BTER adjustment will be filed, the company encourages customers to consider conservation and energy efficiency steps to help offset this future increase. Programs, tips and an online energy audit could help reduce costs by up to 25 percent and are available at

Headquartered in Las Vegas, Nevada, NV Energy, Inc. is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. Serving a combined 54,500-square-mile service territory that stretches north to south from Elko to Laughlin, NV Energy provides a wide range of energy services and products to approximately 2.4 million citizens of Nevada as well as approximately 40 million tourists annually.

This press release may contain forward-looking statements regarding the future performance of NV Energy, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations. These risks and uncertainties include, but are not limited to, current and prospective financial conditions, earnings and liquidity, prospective business conditions and regulatory factors.  Additional cautionary statements regarding other risk factors that could have an effect on the future performance of NV Energy and its subsidiaries are contained in its Annual Report on Form 10-K for the year ended December 31, 2008, and in its quarterly reports for the quarters ended March 31, 2009 and June 30, 2009, each filed with the SEC. NV Energy undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.