If You Think Your Energy Bill Is High Now…Just Wait
Every three years, NV Energy proposed projects are introduced to meet the growing need for power in our state. Their latest integrated resource plan was submitted to Nevada’s Public Utilities Commission on May 31st. They’re hoping to receive approval before the end of the year.
NV Energy Proposed Projects Will Cost Over $5 Billion Dollars
As you know, Nevada continues to experience tremendous growth. More businesses are calling The Silver State their new home every year. Of course, more and more people are leaving high tax states like California for Nevada every day.
With all the growth we’ve seen, it’s obvious that NV Energy will have to continue to expand its resources in order to meet the growing demand for energy in our state. NV Energy proposed projects are intended to meet those needs.
However, ambitious projects like the ones they’ve outlined will cost a pretty penny. According to a comprehensive article by Sean Hemmersmeier on ReviewJournal.com, projected costs amount to approximately $5.3 billion dollars. Guess who’s going to pay the bulk of those costs. That’s right, NV Energy customers like you and me.
But NV Energy’s proposed projects are also intended to keep our power bills below the national average. In a press release, NV Energy President and CEO Doug Cannon is quoted as saying: “The requested resources present a balanced portfolio that will reduce NV Energy reliance on expensive and unreliable market resources and will position Nevada to continue to provide reliable energy services at a cost that is below the national average and is more than 50 percent cheaper than energy rates paid by residents of California.”
Here Are NV Energy Proposed Projects To Meet Future Demands
NV Energy’s proposed projects are outlined in their 2024 integrated resource plan press release. These plans include adding more than 1,000 megawatts of solar power and more than 1,000 megawatts of battery storage.
Furthermore, NV Energy is requesting that they be allowed to add 400 megawatts of natural gas-powered units. These units are intended for use during peak demand times.
To check out related press releases for NV Energy’s proposed projects, click here. Now, feel free to scroll down for more content which may interest you.