NV Energy presents new version of its omnibus bill

And here's a summary via the company (actual changes attached)

NVision reduces CO2, SO2 and other emissions and ensures that NVE will continue to have the resources to provide reliable service.  The legislation requires the Company:

ü  to retire 800 MW of Company-owned coal-fired generating plants;

ü  to acquire or construct 550 MW of capacity to replace the retired coal-fired generating plants;

ü  to acquire or construct 50 MW of renewable facilities;

ü  to issue requests for 300 MW of renewable energy;

ü  propose rate mitigation under certain circumstances; and

ü  permits the Company to issue additional requests for renewable energy to facilitate compliance with the RPS.

NVision does not specify that NV Energy will own the last 250 MW of retired coal-capacity.

 

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