NV Energy seeks first rate hike in decade

Published: Jun. 7, 2022 at 7:08 AM PDT
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RENO, Nev. (KOLO) - NV Energy customers could soon be paying even more for their energy bills.

The utility company has formally filed an application with the Public Utilities Commission of Nevada (PUCN) for a general rate increase for northern Nevada customers.

The filing requests an overall increase of 9.7 percent. The impact of this change will vary by customer rate class, but if approved as filed, the average residential customer in northern Nevada will see an increase of 8.12% percent, or $8.71, on their monthly bill. That increase would go into effect January 1, 2023.

Deanna Cisneros is an NV Energy customer and says this proposed increase could have a big impact on families.

“It’s really hard the price increases on food, gas, housing it’s hard to come by and so many families are struggling from that,” she said.

“So, just to hear we’re going to have energy hikes too, I mean it’s either their gas money to get to work or paying that extra every month on a bill.”

NV Energy says the rate increase is needed to help fund operation costs and support the installation of infrastructure for new growth and system reliability investments. The company says it has spent more than $720 million in northern Nevada over the last 3 years to upgrade and build new equipment and develop transmission lines to deliver more renewable energy in order to better serve customers.

NV Energy Spokesperson Jennifer Schuricht says they understand this news can be difficult for their customers to hear.

“It’s the first increase for Northern Nevada in over a decade. it’s really refflecting the things we’ve done in the past three years to invest in the growth of Northern Nevada,” Schuricht said.

NV Energy says the upgrades and changes have resulted in a 30 percent reduction in the length of power outages, as well as a reduction in the frequency of outages.

“NV Energy is committed to meeting the current and future energy needs of northern Nevada, improving reliability and resiliency, delivering more clean energy, reducing the risks of wildfires and enhancing our cybersecurity protections,” said Doug Cannon, NV Energy President and Chief Executive Officer. “We are sensitive to customer costs and are proud of going more than a decade without increasing base rates. We will continue to tighten our own belt to minimize the financial impacts of these necessary system improvements on our customers and the communities we are honored to serve.”

The PUCN, which sets all rates charged by NV Energy, will schedule a consumer session to seek public input on NV Energy’s general rate review request. They told KOLO 8 News Now that the meeting will be scheduled for later this summer.

NV Energy has also submitted three other applications for different rate increases. The fees are smaller, totalling $0.69, $0.01 and $1.18. These increases would cover the Natural Disaster Protection Plan, the Expanded Solar Access Program Plan and the deferred energy rate adjustment, respectively.

Public hearings for those proposals are set for June 8th, 9th and 13th at 6 pm.

Live telephone conference line: 1-877-820-7831

Written comments via U.S. Mail to be addressed as follows: PUCN 1150 E. William St., Carson City, NV 89701.

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