Las Vegas Sun

March 28, 2024

Letter to the editor:

Don’t enact net metering changes

The Public Utilities Commission should not put into effect the changes Nevada’s Senate Bill 374 makes to net metering. The changes violate the trust of Nevada’s net-metering pioneers who spent huge amounts of time and money to contribute to a greener Nevada.

We were willing to risk our capital because we believed the laws would not be changed capriciously. It’s not fair that our government mandates hard-working Nevadans surrender their assets so billionaire Warren Buffett can extract billions more out of Nevada. Buffett knew these laws were in effect before he bought NV Energy. Yet, he still chose to buy. Reneging on laws like this diminishes trust in government, legislators, utility regulators and our electric monopoly.

We all know cleaner forms of energy cost more. We made a choice for quality of life, and everybody benefits from the 235 megawatts of clean rooftop solar power, including NV Energy. The pre-SB 374 rules were not a free ride because many net-metering pioneers will never recover the full cost of their installations. The pre-SB 374 rules would not bankrupt the utility because net metering was capped at 3 percent.

It’s wonderful that Nevada is pro-business, however, with the health and future growth of Nevada, Buffett’s NV Energy monopoly will profit handsomely. There is no need to crush our Nevada net-metering pioneers.

Please do not impose SB 374’s changes to net metering.

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