March 22, 2017 9:00 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. NV Energy, Inc. has a strategic alliance with Nevada Copper Corp. to conduct a study of the potential to develop a solar energy generation project. The company is headquartered in Las Vegas, Nevada. NV Energy, Inc. operates as a subsidiary of Berkshire Hathaway Ener...

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: 62
Chief Financial Officer and Senior Vice President
Age: 52
Chief Information Officer and Vice President
Chief Compliance Officer, Senior Vice President of Regulation, General Counsel and Corporate Secretary
Senior Vice President of Customer Relationship
Age: 68
Compensation as of Fiscal Year 2016.

NV Energy, Inc. Key Developments

NV Energy Closes Final Unit of Reid Gardner Generating Station

NV Energy announced that the fourth and final 257-megawatt unit of its coal-fired Reid Gardner Generating Station will no longer provide energy to the southern Nevada electric grid. The full closure of the facility was completed nine months ahead of schedule and represents a significant step in achieving a less carbon intense energy future consistent with the policy objectives of Nevada. Approximately 40 employees currently work at the plant, and no jobs will be lost due to the closure of the facility. A number of these employees will go to work at other NV Energy facilities and the rest will remain at Reid Gardner to support the ongoing decommissioning, plant dismantlement and environmental remediation efforts.

NV Energy Announces Solar Agreement with Apple

NV Energy and Apple announced that they have reached an agreement to build 200 megawatts of additional solar energy in Nevada by early 2019. The projects will support Apple's renewable energy needs for its Reno data center. In the coming weeks, NV Energy will file an application with the Public Utilities Commission of Nevada (PUCN) to enter into a power purchase agreement (PPA) for the solar power plant. The project will bring NV Energy's total to more than 529 megawatts of new solar resources in construction in Nevada or under review for approval. This is in addition to the 491 megawatts of universal solar resources in Nevada currently serving NV Energy customers. Apple will also dedicate up to 5 megawatts of power to NV Energy's future subscription solar program for residential and commercial customers.

NV Energy Plans to Shut Down Coal-Fired Power Plant in Southern Nevada

NV Energy announced that its plans to shut down a coal-fired power plant in southern Nevada 10 months earlier than planned. State lawmakers passed a bill in 2013 that called for the shutdown of coal-fired plants. Three units of the Reid Gardner Generating Station near Moapa were shut down at the end of 2014, and the company now wants to close the fourth on February 28, 2017.

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