News Releases

NV Energy Filing Seeks to Keep Core Operations Rates Flat in Southern Nevada

Jun 05, 2017
3:45 PM

Approval Means no Base Rate Increase for a Nine-Year Period

Las Vegas -- NV Energy filed today its legally required triennial general rate review application with the Public Utilities Commission of Nevada (PUCN).  In its filing, the company requests no additional revenue for its core operations and notes its commitment to maintain stable bills for electric customers in southern Nevada.  Should the PUCN grant the application as filed, an average residential bill in southern Nevada will be approximately the same as it was in 2008.  

“We would not have made this filing if we weren’t legally required to do so,  because we are not asking for any more money to run our core operations,” said Paul Caudill, president and chief executive officer for NV Energy. “We understand that our customers run their homes and businesses on a budget and my NV Energy colleagues and I are committed to doing the same. Our filing proposes no rate changes for the single-family residential customer and reductions for some customer classes.” 

NV Energy was able to resolve its last legally required general rate review application in 2014 for no increase in revenue to fund core operations. Also in early 2014, customers each received a portion of a one-time $15 million credit when NV Energy was acquired by Berkshire Hathaway Energy Company. 

“Over the last three and one-half years, my colleagues have responded well to the challenge of reducing our operational costs while working to improve customer service. We recognize we operate in a competitive environment and we will continue to identify ways to improve operations and reduce costs for the benefit of our customers,” added Caudill.

NV Energy also offers a number of PowerShift products and services that allow customers to save even more energy and money. More information is available at nvenergy.com.

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, do business as NV Energy. NV Energy 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, jschuricht@nvenergy.com