Las Vegas, August 12, 2009 — NV Energy applied for a $138 million grant in stimulus funding from the Department of Energy to support the company’s Advanced Service Delivery (ASD) Project, which will help build a modern smart grid infrastructure for the state of Nevada.
NV Energy’s ASD project is a smart grid strategy integrating customers and the utility through advanced technologies, enabling customers to take ownership of their energy usage. ASD links NV Energy’s customers to the grid in their homes, their workplaces and their vehicles.
NV Energy applied for federal funding as a Smart Grid Investment grant through the American Recovery and Reinvestment Act.
Should the grant be awarded, the statewide project will be implemented from 2010-2012, link 1.45 million electric and gas meters across 54,600 square miles of service territory, and benefit 2.4 million Nevadans.
Despite their installation costs, the smart meters may help save money by offering real-time information to encourage customers to shift energy use away from peak afternoon hours. This data will allow customers to control their energy usage, bill levels, attitudes and behavior, leading to making energy management an everyday habit.
The letter of endorsement the company received from the Public Utilities Commission of Nevada supporting the company’s grant application is a valuable part of the application process and ongoing efforts to bring new technology to Nevada’s utility infrastructure.
The DOE has set aside $3.4 billion for the smart grid integration, with up to $200 million per grant application. Utilities can request up to 50 percent of the costs of investments to deploy smart grid technologies within their territories.
Based 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 54,500-square-mile service territory that stretches north to south from Elko to Laughlin, NV Energy provides a wide range of energy services and products to about 2.4 million citizens of Nevada as well as about 40 million tourists annually.