By Victor Joecks Since the Legislative Session ended, there’s been a lot of attention paid to lawmakers who supported the largest tax increase in Nevada history Taxpayers…
LAS VEGAS — NV Energy’s proposal to build a new 706 MW natural gas plant would cost ratepayers $115 million in 2020 and over $600 million from 2020-2025. That’s the findings of an economic analysis of the plan released today by the Nevada Policy Research Institute.
When Sen. Harry Reid and President Barack Obama return to Las Vegas Monday for Reid’s 8th Annual National Clean Energy Summit, there’ll be a ghost with them on the dais. Call it the “Ghost of Stimulus-Act Past.” Or perhaps “The Spirit of Green-Energy Subsidy Failures Past.” No matter what it’s called, the thing is out of the grave and again stalking the land. It’s back because every million-dollar-plus renewable-energy loan that Nevada gave to green-energy companies, using its Stimulus Act dollars, subsequently failed and is now the target of “claw back” legal actions by the state.
In the coming years, Nevada’s destructive energy policy will become an unavoidable reality for over 2,600 hard-working Nevada residents and harder to ignore for all rate payers. That’s thanks to Senate Bill 123, a law passed by the 2013 Legislature ordering the Silver State’s energy provider, NV Energy, to close down its remaining coal-fired power plants by 2020.