Buffett's Nevada Utility Offers One Customer Millions to Stay
- NV Energy wants to pay school district $1.5 million a year
- Proposal signals extent utilities will go to keep customers
Photographer: Ronda Churchill/Bloomberg
This article is for subscribers only.
Warren Buffett’s utility NV Energy Inc. holds a near monopoly in Nevada, yet wants to give millions of dollars to a school district as an incentive to stick with the company.
The Clark County School District’s Board of Trustees will vote Thursday on NV Energy’s offer, school district superintendent Jesus F. Jara said in an interview. If approved, the company will pay $1.5 million a year through 2023.