Nevada approves NV Energy customer rate reductions

RENO, Nev. (AP) – Residential electricity customers in northern Nevada could see their bills decrease by a little more than $2 a month under a rate reduction approved by state regulators.

NV Energy said Monday that in southern Nevada, a typical single-family residential customer could save about 80 cents a month, or about half a percent.

The announcements came after the state Public Utilities Commission last week approved a $15.7 million rate decrease for southern Nevada and a $21.9 million reduction for the north.

In the north, the savings of about $2.12 a month in an average residential customer monthly bill represents nearly 2.5%.

NV Energy says the rate cuts were made possible by increased efficiency and a reduction in the projected costs of providing renewable energy.

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