LAS VEGAS (KTNV) — Today the Public Utilities Commission of Nevada (PUCN) approved an agreement between NV Energy, the Regulatory Operations Staff of the PUCN, the Bureau of Consumer Protection and other stakeholders that will result in a $120 million one-time October bill credit for NV Energy southern Nevada customers.
The bill credit will be implemented immediately and applied to all southern Nevada customer bills starting October 9.
The average single-family residential customer will see a credit of $107.25.
“This is great financial news for our customers, and will provide immediate bill relief, especially to those who are struggling financially due to the pandemic,” said Doug Cannon, NV Energy President, and Chief Executive Officer. “We appreciate the work of the PUCN Regulatory Operations Staff, Bureau of Consumer Protection and other stakeholders to achieve this historic outcome that lowers energy costs for our southern Nevada customers and will help drive Nevada’s economic recovery.”
The PUCN will decide later this month whether to implement an ongoing rate reduction for southern Nevada customers.
That additional ongoing rate reduction is supported by NV Energy, the regulatory operations staff, the BCP and other stakeholders.
If approved, southern Nevada customers will experience a rate decrease effective January 2021, with the average single-family residential customer receiving a monthly bill reduction of $4.96.