Executive Insight, Policy & Regulation

NV Energy shareholders OK MidAmerican merger

Shareholders with NV Energy approved the previously announced merger agreement providing for the acquisition of NV Energy by MidAmerican Energy Holdings Co. 

The transaction, which is expected to be completed in the first quarter of 2014, remains subject to customary closing conditions, including approvals from the Federal Energy Regulatory Commission (FERC) and the Public Utilities Commission of Nevada.

Headquartered in Las Vegas, NV Energy, Inc. is a holding company whose principal subsidiaries, Nevada Power Co. and Sierra Pacific Power Co., are doing business as NV Energy. Serving a combined service territory of nearly 46,000 square miles, NV Energy provides a wide range of energy services and products to about 2.4 million citizens of Nevada and nearly 40 million tourists annually.