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PUC of Nevada limits NV Energy basic charge increase to $18.50, partially grants rate applications
Summary
The Public Utilities Commission of Nevada voted to partially grant Sierra Pacific Power Company d/b/a NV Energy’s rate applications (dockets 24-02026 and 24-02027), approving a draft order that raises the electric basic service charge for single-family residences from $16.50 to $18.50 rather than the utility’s requested ~$45 and disallows certain affiliate and incentive-pay costs.
The Public Utilities Commission of Nevada voted to partially grant Sierra Pacific Power Company’s rate applications for electric and gas service (dockets 24-02026 and 24-02027), approving a draft order that narrows the utility’s requested changes to rate design and denies recovery of specified affiliate and incentive-pay costs.
Commissioner Brown presented the draft order, saying the commission "grants in part" the applications and summarizing key rulings: the draft authorizes a reduced return on equity (approximately 9.65% for the electric division and 9.5% for gas), disallows certain affiliate cross charges and portions of short-term incentive pay, allows recovery of Tracy-area master-plan costs while requiring a regulatory liability account to capture revenues from new incremental customers, and adopts a rate-design change that sets the electric D1 residential basic service charge at $18.50 rather…
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