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NV Energy is the product of the 1998 merger of the two major utilities in Nevada—northern Nevada's Sierra Pacific Power based in Reno and Las Vegas' Nevada Power.. Sierra Pacific Power was founded in 1928 from a merger of several companies dating back to the gold rush of the 1850s.
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MidAmerican and NV Energy say both companies' boards have approved the sale and they expect it to close in the first quarter of 2014, subject to approval by regulators and NV Energy shareholders. The move will expand MidAmerican's customer base by over one million to 8.4 million worldwide and boost its assets to $66 billion.
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The Nevada State Office of Energy, also known as the Nevada Governor's Office of Energy, is a Nevada state agency that focuses on managing and regulating Nevada's energy resources to ensure that they can meet the needs of local industries while also adhering to renewable energy and energy conservation principles. [1]
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