NV (KRNV & MyNews4.com) -- NV Energy residential customers will see an increase on their monthly gas and electric bills as of Jan. 1, 2014.
In June 2013, NV Energy submitted a legally required electric and gas general rate case to the Public Utilities Commission of Nevada (PUCN). Just last week the rate case was approved.
Starting on Jan. 1, 2014 a typical residential electric customer will see about a 3 percent increase on their monthly statement, which comes to about $2.84. Meanwhile, a typical gas customer will see about a 5 percent increase which comes to about $2.43.
The biggest change that residential customers will see is the monthly service charge, which was previously $9.25. On Jan. 1, 2014 the monthly service charge will increase to $17.50 per month.
NV Energy officials say the general rate filing seeks to recover investments and return associated with investments in generation, transmission and distribution additions, as well as operating and maintenance expenses. The filing also seeks to reduce the company’s overall electric revenue requirement and increase the overall gas revenue requirement. In the end, the revenue reduction results in an increase for residential customers and an overall decrease for northern Nevada commercial customers.
In September, News 4 was at the consumer session where residents could voice their concerns about the rate increase:
Since that meeting in September of 2013 the PUCN has held hearings and members of the commission approved the rate case last week.