NV Energy proposes a $500M wildfire insurance fund, raising rates by $2.40 in North and $0.50 in South Nevada.
NV Energy proposes a wildfire self-insurance fund to protect against potential wildfire liabilities, with customer rate increases of $2.40 in Northern Nevada and $0.50 in Southern Nevada, respectively. The fund, totaling $500 million, would be collected over ten years to avoid sudden rate hikes. Approval by the Public Utilities Commission of Nevada is required for implementation.
3 months ago
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