October 28, 2016 1:38 AM ET

Electric Utilities

Company Overview of Nevada Power Company

Company Overview

Nevada Power Company generates, transmits, distributes, and sells electricity in Nevada, the United States. The company generates electricity through natural gas, oil, coal, waste heat, and solar resources. As of December 31, 2015, its transmission and distribution systems included approximately 2,000 miles of transmission lines, 24,000 miles of distribution lines, and 200 substations. It serves 0.9 million retail customers, including residential, commercial, and industrial customers primarily in the Las Vegas, North Las Vegas, Henderson, and adjoining areas. The company was incorporated in 1929 and is based in Las Vegas, Nevada. Nevada Power Company operates as a subsidiary of NV Energy, In...

6226 West Sahara Avenue

Las Vegas, NV 89146

United States

Founded in 1929

1,400 Employees



Key Executives for Nevada Power Company

Principal Executive Officer, President and Director
Age: 62
Chief Financial Officer, Chief Accounting Officer, Senior Vice President, Controller and Director
Age: 52
Executive Director, Chief Executive Officer of Sierra Pacific Resources, Chief Executive Officer of Nve, President of Spr and President of Nve
Age: 64
President of Sierra Pacific Power Company and Senior Vice President of Energy Supply - NV Energy Inc
Age: 61
Senior Vice President, General Counsel, Corporate Secretary and Director
Compensation as of Fiscal Year 2016.

Nevada Power Company Key Developments

Laughlin Property For Sale

Los Angeles Department of Water & Power, California, Southern California Edison Company and Nevada Power Company intends to sell 2,000 acres of land in Laughlin. The property has been listed without an asking price and the intent is to sell the entire site in one swoop. CBRE Group has been hired as broker. Listing broker Keith Spencer of CBRE said the utility companies’ land is a “historic brownfield” with “a lot of good” but also “some issues that have to be taken care of.”

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

April 29, 2016
Calpine Corp., South Point Energy Center

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