Regulators may OK $10 monthly NV Energy rate hike

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.