LAS VEGAS (KTNV) — The Venetian hotel-casino and NV Energy announced in a press release the two have reached a long-term energy supply agreement and have recommitted to a partnership that advances renewable energy.
"The team at NV Energy took a significant amount of time to listen to our concerns, understand our future business needs and sustainability goals and ultimately, we determined that they are the best energy partner for us going forward," said George Markantonis, president and chief operating officer of The Venetian Resort. "The Venetian looks forward to a long partnership with NV Energy as we work together to continue our leadership in renewable energy and environmental sustainability for the benefit of the millions of visitors who experience our properties each year and our community as a whole."
The Las Vegas Sands had previous discussions about leaving the power company, along with the upcoming Madison Square Garden Sphere at The Venetian, before Monday's announcement.
"I am so pleased that NV Energy and The Venetian are able to come together to re-establish a positive business relationship. NV Energy is committed to meeting The Venetian's energy needs and supporting their commitment to renewable energy," said Doug Cannon, president, and chief executive officer of NV Energy. "At NV Energy, we recognize that we must spend more time listening to what our customers tell us they need versus assuming we know what is best. I'm thrilled that we were able to reach an agreement and at the same time, move our business relationship forward with such a valued customer."