September 1, 2014
LAS VEGAS (AP) - Nevada's consumer advocate says he supports a
proposal by utility NV Energy to increase rates this summer, but he
wants to delay collecting those rates two months.
Advocate Eric Witkoski and the utility both said Monday it would
be better to delay the increase - which could be as high as 17.5
percent - past July.
They say they want the rates to be paid starting Sept. 1.
Witkoski and the utility differ on when and how NV Energy should
collect an estimated $90 million it would be owed by delaying the
Witkoski says he wants NV Energy to collect the fees over nine
months starting in September, which would put interest expenses at
Witkoski says the utility wants to delay collecting for three
years and then collect over another three years, boosting the
interest to $51.7 million.