NV Energy cuts power rate

NV Energy customers in Northern Nevada can expect a decrease in their power rates starting today, the Public Utilities Commission of Nevada announced Thursday.

For the typical residential customer using 745 kilowatt hours of electricity per month, it means a decrease of approximately 1.8 percent or $1.57 a month from $87.97 to $86.40.

The PUCN also implemented a charge for electric customers in Carson City that will cost the typical

residential customer about 60 cents per month.

It's for recovering the incremental cost of placing certain electric transmission lines underground.

The commission also approved an overall 1.6 percent, or 88 cents, increase for Reno-Sparks natural gas customers.

The rate changes are a result of the company's mandatory electric filing made every three years that is called a general rate case.

Through the end of 2010, NV Energy's Northern Nevada customers experienced eight consecutive quarterly decreases in electric rates and six consecutive quarterly decreases in natural gas rates.

That is in addition to two annual decreases for both electric and natural gas customers.

Over the past two years, NV Energy's electric prices have fallen 19 percent and natural gas prices have decreased by 20 percent.


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