Las Vegas Sun

October 22, 2014

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Hearing scheduled on proposed NV Energy rate hike

CARSON CITY – The Public Utilities Commission has set an April 6 public hearing on NV Energy’s application to raise electric rates in Southern Nevada by 14.9 percent.

The hearing will be held at the Las Vegas Convention Center at 1 p.m. and may continue for more than one day.

The utility wants to collect $323.8 million more from customers to cover the cost of acquiring the Bighorn Power Plant, constructing the Clark Station Peaking units plus other costs for such things as environmental retrofits.

The $400 million peaking units supply power on short notice, typically on the hottest days of the year when demand peaks to power air conditioners.

The schedule shows the rate for a single family home would rise 18 percent. The rate for a multi-family residential home would rise 17 percent.

The commission will then hold hearings on April 21, May 4 and May 11 at the convention center to examine the reasons given by Nevada Power for its proposed rate increase.

The commission has the power to grant, modify or reject the rate increase.

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