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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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Net metering customers receive a credit from the utility company when they generate more energy than they are using, and that energy gets sent back into the electric grid. The summer of 2017, and the year leading up to it, was a period of "contentious back and forth between NV Energy, solar companies and state officials." [20]
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The power generated also cost NV Energy about $135 per megawatt-hour, compared with less than $30 per MWh available from a new Nevada photovoltaic solar farm. [40] [16] But to compare fairly, it must be taken into account that the Tonopah solar project power is dispatchable while photovoltaic power is intermittent. Truly levelized cost ...
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