Nevada Power Asks For Cut

Fortnightly Magazine - February 1 1997
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Nevada Power Co. (NP) has announced a tentative agreement for the largest rate reduction in its history, reflecting lower purchased power prices, lower overall fuel costs, and improvements in efficiency. And while the $45-million rate cut requires approval from the Nevada Public Service Commission approval, NP reportedly has reached an accord with the PSC staff, Office of Consumer Advocate, and large customers.

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Public institutions, such as the Southern Nevada Water Authority, Las Vegas Valley Cities, and Clark County School District would receive $11 million in annual rate reductions. Medium-sized commercial customers would see a $27-million cut; residential and small commercial customers would have rates cut by $7 million.

"Residential rates have fallen nearly 5 percent since February 1994 and remain among the lowest in the country," said Dwight Etheridge, NP Director of Pricing and Economic Analysis.


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This full article is only accessible by current license holders. Please login to view the full content.
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