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NV Energy seeks $30 million in rate cuts in Nevada Oct. 1

NV Energy's Sun Peak Generating Station team in Las Vegas works 25 years without a lost-time accident. Remarkable achievement, considering power plant environment of high temperatures, high pressures and high voltages. Team achieves one of the best safety records in the nation. Credit: PRNewsFoto/NV Energy

RENO, Nev. (AP) — Nevada’s largest utility has filed a request for more than $30 million in rate reductions for ratepayers beginning in October.

Under the request filed with the state Public Utilities Commission, ratepayers in northern Nevada would enjoy about a $24.1 million savings and those in southern Nevada about $6.7 million effective Oct. 1.

Utility President and CEO Doug Cannon says the proposed rate cuts are in addition to earlier rate reductions effective April 1 that will reduce the cost of monthly electric bills about $2.10 for northern Nevada customers using 760 kilowatt-hours of power.

Southern Nevada residential electric customers using 1,092 kilowatt-hours of electricity a month will see a decrease of $3.88 on their monthly bills.

That reduction is tied to the lower cost of fuel used to produce power at NV Energy’s generating stations. Fuel and purchased power costs are passed through dollar-for-dollar to customers with no profit to the utility.

NV Energy has about 1.4 million customers in Nevada. It’s a subsidiary of Warren Buffet’s Berkshire Hathaway Energy.