Regulators may OK $10 monthly NV Energy rate hike
NEVADA - State utility regulators are considering letting NV Energy phase in an electricity rate hike that would eventually cost the average Las Vegas-area customer a little more than $10 a month.
The Nevada Public Utilities Commission is due to consider a proposal to cut the Las Vegas-based utility's request for a 16.7 percent rate hike to 9.3 percent.
The PUC would add savings from expected drops in the cost of fuel and power to lower the rate hike even more, to about 6.8 percent or $10.05 a month.
Part of the increase would kick in July 1, pushing the average summertime single-family residential power bill from about $256 to $263 a month. The rest of the increase would come January 1.
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Electricity Canada's chief executive emphasized that no part of the grid is safe from the escalating intensity and frequency of weather extremes linked to climate change.
“In recent years, during these extreme weather events, we’ve observed record highs in electricity demand,” he stated.
“It’s a nationwide phenomenon. For instance, last summer in Ontario and last winter in Quebec, we experienced unprecedented demand levels. This pattern of extremes is becoming more pronounced across the…
