September 23, 2017 10:25 PM ET

Electric Utilities

Company Overview of Sierra Pacific Power Company

Company Overview

Sierra Pacific Power Company, together with its subsidiaries, operates as a regulated electric and natural gas utility company in the United States. It operates through two segments, Regulated Electric and Regulated Natural Gas. The company engages in generating, transmitting, distributing, and selling electricity; and distributing, selling, and transporting natural gas. It generates electricity through natural gas and coal resources. The company also sells electricity and natural gas to other utilities, municipalities, and energy marketing companies on a wholesale basis. It serves 0.3 million retail electric customers, including residential, commercial, and industrial customers; and 0.2 mil...

6100 Neil Road

Reno, NV 89511

United States

Founded in 1912

1,000 Employees

Phone:

775-834-4011

Key Executives for Sierra Pacific Power Company

Principal Executive Officer, President and Director
Age: 63
Chief Financial Officer, Chief Accounting Officer, Senior Vice President and Director
Age: 53
Senior Vice President, General Counsel, Corporate Secretary and Director
Senior Vice President of Government & Community Strategy and Director
Age: 51
Senior Vice President of Customer Relationship
Age: 69
Compensation as of Fiscal Year 2017.

Sierra Pacific Power Company Key Developments

Nevada PUC Approves Grandfathering for NV Energy Solar Customers

The Public Utilities Commission of Nevada has approved a plan to restore retail net-energy metering rates to the 32,000 existing solar customers of NV Energy Inc.'s utility subsidiaries. The commission's December 2015 and January decisions, which altered the compensation of existing solar customers on the systems of Nevada Power Co. and Sierra Pacific Power Co., resulted in legal challenges and astonished many observers across the nation. The agreement, approved Sept. 16, sets out a tariff to grandfather those customers for an additional 20-year period. NV Energy's utilities, the PUC staff, the state attorney general's Bureau of Consumer Protection and SolarCity Corp. filed a stipulation agreeing to the plan on September 13. The special 'NMR-G rider' includes provisions and conditions that were in effect with the net metering rider schedule that became effective on April 30, 2014. The commission amended the rider to state that it will apply to customers beginning December 1, 2016, and will continue until the end of 2036. There was little discussion, and the three commissioners unanimously approved the stipulation and tariff. Under the rider, the utility will measure the net energy produced or consumed during the billing period and carry forward any excess production to future billing periods as an energy credit. If time-of-use rates apply, the credits will apply to the same time-of-use period in which the energy was generated. Customers who have already interconnected net-energy metered systems will automatically receive service under previously existing rates, but those who have not yet interconnected, but had reservations to do so by December 31, 2015, before the PUC eliminated net-energy metering tariffs, will be given until February 28, 2017, to 'opt in' for the grandfathered rates and until February 28, 2018, to construct their distributed solar systems.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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