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twitterNevada PUC approves Enron Corp. application
Friday, Nov. 5, 1999 | 10:44 a.m.
Houston-based Enron Corp. also got the go ahead Thursday to provide metering, billing and customer services, competing with incumbent monopoly Sierra Pacific Resources of Reno. Only one other company, Utility.com, has received the commission's approval to sell power in Nevada.
The utility commission is reviewing applications of other utilities, including New Energy Southwest, DukeSolutions and Phaser, said Cynthia Messina, commission spokeswoman.
Attracting a large company like Enron, with a stock market value of $28.6 billion and $11.8 million in third quarter sales, indicates Nevada is "an attractive market for companies and will further our efforts to bring choice to consumers," according to PUC Chairman Don Soderberg.
By comparison, Reno-based Sierra Pacific Resources has a stock market value of $1.1 billion.
Sierra Pacific will be the state's regulated transmission and distribution company when deregulation starts.
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