News Releases

NV Energy Makes Required Annual Deferred Energy Southern Filing

Mar 03, 2016
11:40am

Requests $16 million decrease

LAS VEGAS -- NV Energy today made its annual deferred energy filing with the Public Utilities Commission of Nevada (PUCN). The filing does not change fuel and purchased power rates. The filing does request a decrease to mandated public policy charges that the company collects for the renewable energy program rate, temporary renewable energy development trust charge, energy efficiency program rate and the energy efficiency implementation rate.

Fuel and purchased power rates will decrease on April 1 as part of a previous filing. A typical southern Nevada single-family residential customer bill of $141.55, based on average usage of 1,141 kilowatt-hours a month, will see a decrease of 3.72 percent, or $5.27.  These rates are associated with fuel used in power production and the company's generating stations.  Fuel and purchased power costs are passed through dollar for dollar with no profit to the company.  The reduced prices are the result of both lower fuel costs and lower total energy costs following recent changes made by NV Energy to gain greater access to low-cost power.

The filing made today seeks to reset the mandated public policy rates, which, if approved as filed, will result in an overall decrease of 0.75 percent, or approximately $16 million in revenue, effective October 1, 2016.

NV Energy, Inc. provides a wide range of energy services to 1.3 million customers throughout Nevada and more than 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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For further information: Jennifer Schuricht, NV Energy 702-402-5241