NV Energy residential rate increase takes effect January 1

Reported by: Madison Corney
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Updated: 12/27/2013 6:51 pm

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: 
http://www.mynews4.com/news/story/Residents-speak-out-about-NV-Energy-rate-increase/32rW799JeUatl1bJEk1mPg.cspx

Since that meeting in September of 2013 the PUCN has held hearings and members of the commission approved the rate case last week.

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mbeifuss - 7/12/2014 7:24 PM
0 Votes
Here is the trick for homeowners to beat the power companies and actually increase your net worth at the same time. Put solar panels on your house. Take some of the equity the market has given or secure a loan if necessary and create your own electricity. Just size it for your actual yearly usage, that way the power company won't get your excess for free and you won't have to pay them for any shortages. Systems after federal tax rebates run $12,000-20,000 depending on capacity and increase the value of your home by $15,000-35,000. The time to break even is usually 7-9 years and will probably be shorter as NVE will surely keep on raising rates. The panels are guaranteed to last 25 years and I've read that 60 years is a likely longevity.

Highroller152 - 1/13/2014 6:00 PM
0 Votes
Wow, so last May, MidAmerica says they won't raise rates, then they raise rates. Nice. http://www.reviewjournal.com/business/economy/will-electric-rates-soar-when-midamerican-takes-over-nv-energy

oldfart - 12/29/2013 3:52 PM
1 Vote
Why would one of the Richest Men in the World buy NV Energy if not to make money. Not all of us ratepayers are as stupid as he thinks an I think it is time for a rate payer revolt. I am tired of making Rich People Richer as i am sure he gets tax breaks for buying this company and laughs all the way to the Bank. He probably pays less taxes then we do, so Merry Christmas to NV and expect more increases.

amy438 - 12/29/2013 2:06 PM
0 Votes
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Deadmeat99 - 12/29/2013 11:38 AM
1 Vote
They could raise our rates by 1000% and what could we as customers do about it? Nothing, because this is what happens when utilities are a monopoly. These new increases are just the beginning.

ValsThoughts - 12/29/2013 6:24 AM
2 Votes
this is just the start of bleeding us dry. Harry and Warren must really be proud of themselves.

kdavis52 - 12/28/2013 10:35 PM
3 Votes
the price of gas has gone down considerably. usually power and natural gas follows but this is completely opposite of what they have been doing. someone has political pockets.

taxpaying mom - 12/28/2013 7:23 PM
4 Votes
I knew the merger was bad for Nevada. They kept saying how this would lower our rates. SURE!!!

Scotty - 12/28/2013 3:34 PM
2 Votes
It is time that the world wakes up and fights for zero-point energy! The technology is here but is being suppressed- why, you may ask? Because of the trillions of dollars the power companies make off the old fossil fuel technologies they control! Check it out for yourself by Goggling the "Disclosure Project" or Dr. Steven Greer.

Scotty - 12/28/2013 3:33 PM
0 Votes
It is time that the world wakes up and fights for zero-point energy! The technology is here but is being suppressed- why, you may ask? Because of the trillions of dollars the power companies make off the old fossil fuel technologies they control! Check it out for yourself by Goggling the "Disclosure Project" or Dr. Steven Greer.
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