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July 31, 2015

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Order to let NV Energy collect $10.2 million lost to conservation

CARSON CITY — A recommendation is going to the state Public Utility Commission on Thursday to allow NV Energy to collect $10.2 million from its customers for electricity they never used.

The law permits utilities to collect revenue lost because of conservation programs that lower electric use.

A proposed order by Commissioner Rebecca Wagner says the Consumer Protection Bureau, which is fighting the charge, has failed to provide compelling evidence to deny NV Energy “cost recovery of lost revenue which is authorized by statute and regulation.”

The state Consumer Protection Bureau has argued that the utility has already received higher revenue than normal because of this year’s extra hot summer in Southern Nevada.

Wagner, in her proposed order, said the law prevents the PUC from authorizing a rate increase that would permit the utility from earning more than its approved rate of return. The PUC has authorized Nevada Power to achieve a rate of return of 8.17 percent.

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