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NV Energy proposes rate hike of about $3 a customer

Reported by: Denise Rosch
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Updated: 5/02/2014 7:17 pm
LAS VEGAS (KSNV MyNews3,com) -- NV Energy filed today for the smallest rate increase in more than a decade.

As proposed, a typical residential customer bill of $152.97, based on average usage of 1,136 kilowatts a month, will see an increase of approximately 1.85 percent, or $2.82.

NV Energy filed its general rate case with the Public Utilities Commission of Nevada (PUCN) for its southern utility. The filing requests a revenue increase of $20.8 million or 0.9 percent across all rate classes, the smallest request the company has filed in more than a decade.

The request includes an increase in the monthly service charge of $5.25, which the company says better reflects the cost of serving residential customers. This promotes bill stability because the increase in the monthly service charge reduces the kilowatt hour charge.

The company is required to make this filing once every three years. The PUCN will schedule a consumer session and hearings in the coming months to review NV Energy’s rate case request. If approved as filed, the new rates would take effect Jan. 1, 2015.

NV Energy, Inc. provides a wide range of energy services to 1.3 million customers throughout Nevada and nearly 40 million tourists annually.

NV Energy is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. The company is headquartered in Las Vegas.



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