Business impact study reveals untapped money

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Updated: 5/02/2014 2:14 pm
RENO, Nev. ( & KRNV) -- The city council unanimously voted for a business impact study in the hope that the study will reveal untapped money that should be coming in as additional revenue for the city of Reno.

The Nevada legislature approved the city fee in the early 2000's and Clark County already uses it on natural gas providers. As of right now, NV Energy is the only company paying the fee that's providing natural gas to customers in Reno. The fee is five percent of the company's gross on natural gas.

Last year, because of the fee, NV Energy paid the City of Reno $2.6 million dollars. There are almost a dozen businesses being looked at and about a handful really have the potential to pay. All of the companies are out of state and come from places like San Diego and Houston.

"We know that they're out there and so that's what this business impact statement would look to accomplish...reach out to anyone who may be out there in the community, understand from them what the impact to their business (is), and what the impact to the consumer might be as a result of the impact to that business. It's an opportunity to get out and find that answer," Assistant Manager, City of Reno Cadence Matijevich said.

The city hopes to have the study done and ready for the council in about one month.

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