Pilot program rolled out for electric rates
NV Energy has rolled out a pilot program that provides a discount on electric rates for new businesses that locate in the Nevada.
The program, created by legislation and approved by the Public Utilities Commission of Nevada, provides for a total of 50 megawatts of power to be allocated to new business statewide.
Companies that seek the discount must first apply and be approved for state-offered incentives through the Governor’s Office of Economic Development to be eligible for the program.
In addition, the company must meet the following requirements:
The power demand or load must be a minimum of 300 kilowatts.
The load factor for the operation must be a minimum of 50 percent and must be maintained at that level during the period of the contract.
The business must be a new commercial or industrial customer of NV Energy that wasn’t a customer of any electric utility in Nevada within the previous 12 months.
Not have been a customer of any electric utility in the state of Nevada within the last 12 months.
Per the agreement, Caesars will continue to operate Harrah’s for the first half of 2020 before it’s redeveloped into a non-gaming hotel and mixed-use development.