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flag NV Energy to refund $63M to over 100,000 customers misclassified since 2002, due to billing errors.

flag NV Energy will issue over $63 million in refunds, including interest, to more than 100,000 customers misclassified as single-family residents since 2002, following a Public Utilities Commission of Nevada approval. flag The refunds, funded by shareholders, will be distributed via bill credits or mailed checks by late September, with the process expected to take several billing cycles. flag The error, stemming from flawed billing systems, affected nearly 10% of multifamily customers, leading to overcharges for some while others paid less, though overall revenue remained balanced. flag The settlement follows regulatory pressure and includes new compliance measures and a third-party audit. flag NV Energy’s CEO apologized for the impact and reaffirmed commitments to billing accuracy and transparency.

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