For immediate release: Contact: Jennifer Schuricht

August 5, 2019 702-402-5241

NV Energy to Lower Rates for Southern Nevada Customers

The Public Utilities Commission of Nevada (PUCN) recently approved an agreement between
NV Energy, the Regulatory Operations Staff of the PUCN and the Bureau of Consumer
Protection that will result in a $15.7 million rate decrease for southern Nevada customers.
This decrease will be effective October 1, 2019 and is the result of reductions in forecasted costs
of providing renewable and energy efficiency services to its customers.
“Following a thorough, multi-month review process, we appreciate the willingness of all parties
to reach this agreement on behalf of our customers,” said Doug Cannon, NV Energy President
and Chief Executive Officer. “It is important for NV Energy to provide options for our customers
to help them reduce their energy use and utilize new energy technologies without increasing the
price they pay for power.”
The typical single family residential customer in southern Nevada using 1,159 kilowatt hours of
electricity a month will see a decrease of $0.79, or 0.56 percent on their monthly bills.
NV Energy customer bills are less today than they were a decade ago, and the company is
committed to keeping rates low and providing the latest in energy products and services to
customers.
NV Energy provides a wide range of energy services to more than 1.4 million customers
throughout Nevada and more than 50 million tourists annually. NV Energy, Inc. is a holding
company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power
Company, do business as NV Energy. NV Energy is headquartered in Las Vegas, Nevada.
Information about NV Energy is available on the company's website, Twitter, Facebook and
YouTube pages, which can be accessed via nvenergy.com.

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