Nevada Power Rate Increase
When LVRJ readers picked Nevada Power as Las Vegas’s worst public utility, I thought yeah, it’s easy to moan and groan about something you kind of have to have. But over the summer they’ve instituted a 11.5% rate hike, and I saw the light (so to speak). This increase has raised the average power bill $25 per month.
Nevada Power claims this will help us save money in the long run since they just dropped over $1.3 billion dollars on a new infrastructure, but how kind of them to force this on residents during the hottest months of the year.
“This rate case is principally a result of those investments we made that have already saved our customers money,” Yackira said.
~ Las Vegas Review-Journal
I really hope I’m the only one this makes no sense to. In the time we’ve been here our monthly bill for the summer months has done nothing but go up, up and away, and we’re even raising our thermostats. Where is this supposed savings we’re already seeing? Apparently we should consider ourselves lucky, though — they were pushing for a 14% hike for residential customers.
The increase covers Nevada Power’s general expenses and profits, energy and purchased power costs, settlement of disputes over a 2002 rate case, and payments Nevada Power made to compensate wholesale power suppliers for contract terminations in 2002.
~ Las Vegas Review-Journal
I do understand the money has to come from somewhere, but why does it fall on our shoulders to cover their court settlement costs and contract problems from five years ago?
Anyway, KTNV offers a few energy saving tips.
Tags: energy-rate-increase, KTNV, Las-Vegas, Las-Vegas-Review-Journal, LVRJ, Nevada-PowerRelated Stories
POSTED IN: History & Information, Miscellaneous, Resources
1 opinion for Nevada Power Rate Increase
Liz
Jun 25, 2008 at 1:58 pm
If Nevada Power and so many other utility companies would follow an accountability motto in how they manage their company they would not be having settlements to pay, thus passing those unnecessary costs on to their captive customers. People in decision making positions no longer take on a personal fiduciary duty in how their company is run, and why they aren’t only accused but found guilty of anti-trust laws does not make sense.
I’m so tired of politicians or other branches of authority snubbing their nose or entirely ignoring the financial burden(s) that are so heavily put on the general public to bail out companies run by their friends or other business associates.
Manage your financial matters better Nevada Power…your company has obviously lost sight and touch with the real world.
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