The plan also lays out NV Energy’s proposed programs to promote energy efficiency and manage demand at peak usage periods to provide tools to customers that allow them to reduce energy costs.
“This is our path forward and these are our priority projects to meet the present and long-term needs of our current and future customers,” said NV Energy President and CEO Doug Cannon. “The requested resources present a balanced portfolio that will reduce NV Energy reliance on expensive and unreliable market resources and will position Nevada to continue to provide reliable energy services at a cost that is below the national average and is more than 50 percent cheaper than energy rates paid by residents of California.”
The proposed plan includes adding more than 1,000 megawatts of solar power and 1,000 megawatts of battery storage through power purchase agreements. The additional proposed power purchase agreement projects help NV Energy meet state renewable energy standards and help serve customers with fixed-cost energy pricing.
NV Energy is also requesting to add approximately 400 megawatts of natural-gas peaking units, which will be used during times of peak loads to reduce reliance on unreliable market purchases. The natural-gas units are a low-cost option for customers which will be able to utilize hydrogen in the future while not impacting NV Energy’s efforts to meet the state renewable standards.
The Integrated Resource Plan was filed on May 31 and is now available on the Commission’s website. The plan will be reviewed and is subject to approval by the Commission.
