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NV Energy's latest rate hike will kick in on Oct. 1, with an estimated monthly impact of $9.58 for customers in a single-family home. Alyssa Bethencourt reports.
NV Energy argued that the energy savings should have been directed to its Sierra Pacific customers, not redirected to rooftop solar residents in northern Nevada. In October 2016, NV Energy decreased rates for customers by approximately $2.92 million annually, which would amount to $8.77 million over a three-year period.
NV Energy customers can expect to pay more on their monthly bills beginning October 1. The company recently sent out letters to customers letting them know about a company-wide rate hike.
The ruling determined that the rate would decrease from 11 cents per kilowatt-hour to 2.6 cents, while the monthly service fee increase from $12.75 to $38.51. [ 60 ] In June 2017, the legislature approved several bills intended to "advance access to clean energy, including measures aimed at boosting the value of rooftop solar, while increasing ...
In 2005, it had over 700,000 electric customers in parts of three Nevada counties — a service area of more than 4,000 square miles (10,000 km 2). In 1998, Nevada Power merged with Nevada's other major utility, Sierra Pacific Resources. It continued as a subsidiary of Sierra Pacific until 2005, when the company changed its name to NV Energy.
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The agency was established in 1975 to promote efficient energy use in commercial and residential settings, and was originally known as the Nevada State Office of Energy. It underwent several changes in 1983 and 1993, before a select committee on energy was created in 2001.
One Nevada (ON Line) is a 235-mile (378 km), 500-kilovolt, 600-megawatt power line that runs from Southern to Northern Nevada. NV Energy owns 25% of the transmission line and operates and offers the line's capacity under the terms of NV Energy's Open Access Transmission Tariff.