Pilot program rolled out for electric rates
NV Energy has rolled out a pilot program that provides a discount on electric rates for new businesses that locate in the Nevada.
The program, created by legislation and approved by the Public Utilities Commission of Nevada, provides for a total of 50 megawatts of power to be allocated to new business statewide.
Companies that seek the discount must first apply and be approved for state-offered incentives through the Governor’s Office of Economic Development to be eligible for the program.
In addition, the company must meet the following requirements:
The power demand or load must be a minimum of 300 kilowatts.
The load factor for the operation must be a minimum of 50 percent and must be maintained at that level during the period of the contract.
The business must be a new commercial or industrial customer of NV Energy that wasn’t a customer of any electric utility in Nevada within the previous 12 months.
Not have been a customer of any electric utility in the state of Nevada within the last 12 months.
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