Nevada electric utility files for $5M rate reduction
CARSON CITY, Nev. (AP) — An electric utility says it plans to lower rates for customers in northern Nevada.
The Nevada Appeal reported Wednesday that Sierra Pacific Power Co. has filed with the state Public Utilities Commission to reduce electric rates by $5 million.
NV Energy President and CEO Doug Cannon says this proposed rate reduction marks the third time in six years the utility has filed to lower or keep rates the same.
NV Energy is the parent company of Sierra Pacific Power.
The 2013 and 2016 rate cases resulted in $42 million in combined revenue reduction.
It also reduced gas and electric customer rates by $24.9 million in 2017.
Information from: Nevada Appeal, http://www.nevadaappeal.com