News Releases

NV Energy Files Resource Planning Document with Utility Regulators

Jul 1, 2010

Media Contacts:
Faye Andersen, (775) 834-4822
Karl Walquist (775) 834-3891

NV Energy filed today with the Public Utilities Commission of Nevada (PUCN) its Integrated Resource Plan for the company's northern service territory.  In it, the company presents its plans for meeting the short and long-term demand for electricity by its customers.

In the plan, the company seeks approval of initiatives that will advance NV Energy's three-part strategy for providing clean, safe, reliable electricity to its Nevada customers at reasonable and predictable prices. The strategy calls for expanding energy efficiency and conservation programs; investing in renewable energy initiatives, and building transmission lines and generation plants that utilize the best available technology to improve the environment and balance the mix of generating fuels.

Key initiatives in the plan include:

  • A 30 percent increase in the company's annual investment in energy efficiency and conservation programs;
  • Approval of new transmission facilities to serve the growing electric demand around the City of Fallon and to interconnect several approved geothermal power plants to the electric grid.
  • Approval to decommission old diesel and combustion turbine generators in Reno, Winnemucca, Battle Mountain and at the Tracy Generating Station east of Reno.

Over the next several years, NV Energy's plan continues to anticipate the construction of geothermal power plants and other renewable energy resources in northern Nevada that have been previously approved or are pending approval by the PUCN.

The filing also includes data on the proposed sale of the company's electric distribution assets in its California service territory.

"This filing moves forward NV Energy's position as a nationwide leader in renewable and energy efficiency initiatives,” said Michael Yackira, NV Energy President and Chief Executive Officer. “It marks the first time in several years that the company is not requesting approval of a fossil-fueled power plant, instead counting on the benefits of Nevada's plentiful renewable resources while enabling our customers to control their energy consumption and lower their bills."

NV Energy is required to file its Integrated Resource Plan every three years. The plan is based on customer electric  demand growth projections and includes programs to reduce energy consumption, and develop sites for new generation and transmission in order to meet the projected demand. It also contains strategies for the procurement of fuel and purchased power.

These initiatives are subject to the approval of the PUCN.


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

Certain matters in this press release are forward-looking statements 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, changes in NV Energy's load forecasts, NV Energy's ability to obtain any necessary local, state and federal contracts, regulatory approvals and permits, risks related to construction of the projects contemplated in the IRP, changes in the anticipated costs of the projects, the ability to maintain access to the capital markets to obtain financing on favorable terms, and regulatory treatment of costs associated with constructing and operating the projects and a final agreement between NV Energy and Great Basin Transmission, LLC. Additional cautionary statements regarding other risk factors that could have an effect on the future performance of NV Energy, are contained in the Annual Reports of NV Energy, Inc. and Nevada Power Company d/b/a NV Energy and Sierra Pacific Power Company d/b/a NV Energy on Form 10-K for the year ended December 31, 2008 and in its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2009, June 30, 2009 and September 31, 2009, 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 occurrenceof unanticipated events.