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August 03, 2015 4:18 PM ET

Electric Utilities

Company Overview of NV Energy, Inc.

Company Overview

NV Energy, Inc., a public utility, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in Nevada. It also delivers natural gas services. The company serves electric retail customers, including residential, commercial, and industrial customers in Nevada, as well as retail natural gas customers in northern Nevada. As of October 01, 2014, it served 1.3 million customers. The company is headquartered in Las Vegas, Nevada. NV Energy, Inc. is a subsidiary of Berkshire Hathaway Energy Company.

6226 West Sahara Avenue

Las Vegas, NV 89146

United States

Phone:

702-402-5000

Key Executives for NV Energy, Inc.

Chief Executive Officer and President
Age: 61
Chief Financial Officer, Principal Accounting Officer and Corporate Vice President
Age: 51
Senior Vice President of Shared Services, General Counsel and Corporate Secretary
Age: 59
Corporate Senior Vice President of Energy Delivery
Age: 65
Senior Vice President of Government and Community Strategy
Age: 49
Compensation as of Fiscal Year 2015.

NV Energy, Inc. Key Developments

State of Nevada and NV Energy, Inc. Unveil Nevada Electric Highway

State of Nevada and NV Energy, Inc. have unveiled the Nevada Electric Highway, a network of electric vehicle charging stations planned along US Route 95 between Las Vegas and Reno. NV Energy and the Nevada Governor's Office of Energy are looking for partners in key communities to provide electric vehicle owners the ability to drive and charge their vehicles between Reno and Las Vegas. This effort will include fast-charge technology, which is important for long-distance travel. NV Energy and the State of Nevada are soliciting interest from businesses and government entities along US Route 95 in communities such as Fallon, Hawthorne, Tonopah and Indian Springs who would like to host charging stations and support electric vehicle infrastructure development. The Nevada Electric Highway joint initiative by NV Energy and the State of Nevada represents the next phase in expanding the state's charging infrastructure to support electric vehicle owners by connecting the urban centers in Clark and Washoe counties. Electric vehicles offer a lower-cost fueling option for drivers, avoid fuel-price uncertainty compared to fluctuating gasoline prices, and are more environmentally friendly. Currently, Nevada's public charging stations are located in more densely-populated areas of the state.

NV Energy and The Alliance for Solar Choice Announce Net Metering Compromise

NV Energy and The Alliance For Solar Choice (TASC) announced joint support for the following Amendment to SB 374. As amended, SB 374 would: Define the existing 3% net metering cap to be 235 megawatts. This 235 megawatts will be the maximum amount of net metering permitted under the current net metering rules until December 31, 2015. Require the Public Utilities Commission of Nevada to design a future net metering tariff, with wide latitude for the Commission to structure that tariff. Require the Commission to finalize the new tariff by December 31, 2015. Should the Commission not meet this deadline, the existing net metering tariff will remain in place until the Commission finalizes the new tariff. TASC and NV Energy the following for their support in this process: The Governor's Office, State Senator Patricia Farley, State Senator James Settelmeyer, State Senator Kelvin Atkinson, the Public Utilities Commission of Nevada, the Nevada Bureau of Consumer Protection, and Rose McKinney-James, representing Bombard Electric, LLC.

NV Energy, Inc. to Unveil 15MW Solar Project on Nellis Air Force Base

SunPower Corporation and NV Energy, Inc. have announced construction of a 15MW solar project on the Nellis Air Force Base to enable the base to run on renewable energy during daylight hours. Named the Nellis Solar Array II, this $50 million project and new infrastructure will be owned by NV Energy. The solar project will be built by SunPower Corp. The project, which is expected to be complete by the end of 2015, will create approximately 150 jobs during construction. The Nellis Solar Array II project is being built over a closed landfill. At the site, workers will install SunPower Oasis Power Plant technology, which uses some of the most efficient panels on the market. These panels will be installed on single-axis trackers that align the panels with the movement of the sun throughout the day. The new project will be electrically connected to a new nearby NV Energy substation that will be built on the base. This new substation also will serve to add an additional layer of redundancy to the base's energy supply system.

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